Summary - Ground Floor Flat, 109 Clarendon Road West LA3 1SB
5 bed 1 bath House
Three flats with refurbishment upside near Morecambe seafront and transport.
- Three self-contained one-bedroom flats plus cellar and rear yard
- Freehold; all flats in Council Tax Band A
- Close to promenade, shops, and public transport links
- Electric room heaters; heating upgrade likely required
- External scaffolding present; visible need for repair work
- Located in very deprived area with very high crime statistics
- Small rooms and single bathroom limit immediate family use
- Potential boost from Eden Project North, not guaranteed
A substantial Victorian mid-terrace arranged over three floors, currently divided into three one-bed flats plus cellar. The building sits close to Morecambe Promenade and local amenities, giving straightforward lettability in a central position. Freehold with all flats in Council Tax Band A.
This is an investment for someone comfortable with refurbishment. The property requires updating: electric room heaters, internal insulation, scaffold noted externally, and general cosmetic and likely systems work. There is only one bathroom across the building and rooms are modest in size, so expect conversion and modernisation costs.
Location strengths include proximity to the seafront, good transport links, fast broadband and excellent mobile signal. The proposed Eden Project North nearby could increase local demand if realised, supporting longer-term capital growth. Be aware the surrounding area is very deprived and has very high crime statistics, factors that will affect rental demand and management.
For an investor seeking a value-add opportunity, this offers multiple income streams from three flats and a small rear yard. Budget for refurbishment, possible reconfiguration, and ongoing management to maximise yield and reduce voids.
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