Investment Opportunity – Westminster Road, Morecambe

3x 1 Bedroom Apartments | Freehold Block | Title Split | 36.15% ROI

Where Excellence Comes as Standard

Financial Breakdown

• Purchase Price: £150,000.00
• Deposit: £38,912.50 (includes 6 months bridging interest)
• Set up & Design Fees: £17,500.00
• Minor Build Works: £5,000.00 approx. (subject to further onsite visits)
• Broker Fee: £4,000.00
• Stamp Duty: £8,000.00
• Legals Estimate: £4,000.00
• Survey: £1,000.00
• Total Project Cost: £195,912.50
• Total Cash Outlay: £83,412.50
• Projected Rental Income: £23,400/year
• Management Fees (10% incl. VAT): £2,808.00
• Net Income After Management: £20,592.00/year
• Mortgage: £8,062.50
• Net Income After Finance: £12,717.00/year
• Post-Refinance Cash Left: £34,662.50
• ROI After Refinance: 36.15%

Why Invest in Morecambe?

• Excellent value for money and growth potential.
• Links with Lancaster, strong local economy and upcoming developments.
• Demand from relocating professionals and locals alike.
• Shortage of contractor accommodation across Lancashire and Cumbria.
• BAE Systems’ £85m submarine contract will secure 100s of jobs in Cumbria.
• Barrow at centre of £40bn Dreadnought nuclear programme.
• Eden Project and other major employers arriving soon.
• Diverse rental market: BTL, HMO, and holiday lets.

The Finished Product

• A new Inspire landlord thermostatic system will be installed (with potential savings of up to £1,000 annually).
• The property will be refurbished to the highest standards, including full furniture packs.
• Each apartment will include a washing machine, vacuum, microwave, and other daily essentials.
• The property will be fully compliant with local council regulations, with all approvals granted post-inspection.
• It will be fitted with interlinked smoke alarms, emergency lighting, fire panels, and heat sensors.

Nearby Locations

Property Location

Request More Information

* VAT and terms apply where applicable.

Disclaimer: All figures are estimates and subject to market conditions, lender criteria, and planning outcomes. Capital at risk. Past performance is not a guarantee of future results. Always seek independent financial advice before investing.