Design & Build ● Available now Hands-off · Arm’s length investment
Westminster Street, Morecambe
Morecambe, Lancashire · Near the £100M Eden Project seafront regeneration
Cash required
£46,569
post-refinance
Projected rental
£45,192
per year gross
Net ROI
31.76%
post-refinance
About this investment
A 6-bedroom Design & Build HMO on Westminster Street, Morecambe — six en-suite rooms served by two kitchenettes, finished to a modern standard throughout. With a GDV of £275,000, £46,569.25 remaining in the deal post-refinance and £14,790.96 annual net income, this is a strong cash-flowing asset in a town entering a major regeneration cycle. An arm’s length investment, managed end to end by our team.
✓ Arm’s length investment ✓ Tenant fill support ✓ Maintenance support ✓ 6 en-suite rooms ✓ 2 kitchenettes ✓ Design & Build ✓ Licensed HMO
Why invest in Morecambe
Morecambe’s regeneration story. Eden Project Morecambe is a £100 million seafront project designed to raise the town’s profile and attract investment.
Eden-linked accommodation potential. Construction and future operations could support additional demand for rooms from contractors and employees.
Quality HMO opportunity. Modern, fully furnished en-suite rooms can appeal to working tenants seeking convenient, affordable accommodation.
Wider tenant catchment. Morecambe’s proximity to Lancaster gives HMOs scope to appeal to people working across the wider district.
Regeneration beyond Eden. The council’s priorities include the Morecambe Masterplan and Pride in Place investment in Morecambe’s West End.
Affordable shared living. Individual room rentals offer an accessible option for tenants who prefer lower costs than renting an entire property.
Rental income breakdown
| Monthly room rents (per room) | |
| Room 1 — En-suite | £671 / mo |
| Room 2 — En-suite | £671 / mo |
| Room 3 — En-suite | £606 / mo |
| Room 4 — En-suite | £606 / mo |
| Room 5 — En-suite | £606 / mo |
| Room 6 — En-suite | £606 / mo |
| Total monthly gross | £3,766 |
| Total annual gross | £45,192 |
Investment summary
BRRR refinance releases £126,250 — recovering the majority of your initial capital. Full GDV, LTV and cost breakdown available in the financial pack.
£14,790.96 net income per year — £1,232.58/month after mortgage (6%), management fee, maintenance/other expenses and insurance. Full monthly breakdown in the financial pack.
£7,218.75 property uplift value on a GDV of £275,000 — providing both income and capital growth from day one.
Reserve with a commitment fee to secure this property. The commitment fee ensures this deal is reserved for you.
BRRR refinance strategy
How your capital comes back
GDV
£275,000
→
New mortgage @ 80% LTV
£220,000
→
Funds released
£126,250
→
Cash left in deal
£46,569.25
After refinancing, approximately £126,250 is released against a Maximum New Mortgage of £220,000 (80% LTV) — recovering the majority of your initial capital. Your long-term commitment drops to £46,569.25, on which you earn £14,790.96/yr net — a 31.76% net ROI.
Full cost breakdown
Purchase price · Build costs · All fees · Total project cost
Purchase price£125,000
Refurbishment & development£89,128
Furniture pack (incl. flooring & blinds)£13,960
Sourcing, design & PM setup fees£16,762.50
Stamp duty (SDLT)£6,250
Bridging 6-month interest£5,343.75
Bridging arrangement fees£1,875
Solicitor & professional fees (initial + refinance)£6,750
Project hold costs£1,500
Total project cost (incl. bridging)£266,569.25
Free 30-minute investor call
Ready to talk numbers?
Book a call and we’ll walk you through the complete financial breakdown — purchase price, build costs, refinance strategy and projected returns. No obligation.
or choose any available slot
View all available times →Property photos
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Photo 1
Photo 2
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Photo 4
Photos are for illustrative purposes only. Final finish may vary slightly subject to specification and supplier availability.
Floor plans
Switch between floors · Tap the plan to enlarge
Floor plans are indicative and for illustrative purposes only. Final layout may vary subject to survey and planning. All room dimensions confirmed on request.
Get the full financial pack
Submit your details and we’ll send you the complete breakdown — purchase price, build costs, refinance figures and projected returns for Westminster Street.
Pack on its way!
We’ll be in touch within a few hours with the full financial pack for Westminster Street, Morecambe. Check your spam folder if it doesn’t arrive.
What happens next
Financial pack sent to your inbox
One of our advisors will call you within 24 hrs
Prefer to talk now? Book a 30-min call →
✓ Full purchase & build cost breakdown
✓ Refinance strategy & funds-released figures
✓ Projected net income after all costs
✓ ROI calculation with full assumptions
How it works — arm’s length investment
1
Submit your details or book a call
Get the full financial pack by email, or speak directly with our team on a free 30-min call to walk through every number.
2
Reserve with a commitment fee
Secure the property with a commitment fee, which ensures this deal is reserved for you.
3
We design, build & update you
Our team manages the full design and build. You receive regular photo and video updates throughout the project.
4
Tenants in, income starts, capital returns
Our tenant fill support team onboard rooms. Once occupied, rental income begins and the BRRR refinance returns the majority of your capital.
Figures are indicative and subject to final survey, lender terms and legal due diligence. All costs include VAT at the appropriate rate. Capital is at risk. This page is for information purposes only and does not constitute financial advice. HMO Designs Ltd · www.hmodesigns.co.uk