Investment Opportunity – Westminster Road, Morecambe
3x 1 Bedroom Apartments | Freehold Block | Title Split | 36.15% ROI
Where Excellence Comes as Standard



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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
Morecambe Promenade
5 min walk
5 min walk
Morecambe Station
10 min walk
10 min walk
Lancaster City Centre
15 min drive
15 min drive
Eden Project (Future)
Nearby
Nearby
Property Location
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* 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.