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4 bedroom end of terrace house for sale
Devonshire Road, Morecambe LA3
£350,000
Devonshire Road, Morecambe LA3
£350,000
Our Summary
- Potential for rental growth
Description
This prominent end-terrace dwelling in Morecambe comprises four well-presented letting flats, offering modern living accommodation across three floors. The property has a stone-built exterior with a recent re-roofing and features uPVC double-glazed windows, a slate roof, and a rear yard for storage. The flats are let on Assured Shorthold Tenancy agreements, with a gross annual income of £26,400, and are situated on Devonshire Road, close to Regent and Balmoral Roads, and Regent Park. The property benefits from convenient access to local amenities, public transportation, and nearby attractions such as the Lake District National Park and the Yorkshire Dales National Park. The guide price for the property is £350,000, exclusive of VAT, and is expected to derive a net initial yield of 7.54% or higher upon reversion to higher letting rents.