Summary - 88 ALBERT ROAD MORECAMBE LA4 4HZ
4 bed 3 bath Block of Apartments
Chain-free freehold block of three flats, immediate rental income
A straightforward buy-to-let block in central Morecambe, offered chain-free and generating immediate income from three self-contained flats. The mid-terrace Victorian building (circa 1900–1929) houses one two-bedroom and two one-bedroom flats, each separately metered with mains gas central heating and mostly uPVC double glazing. EPCs range C–D; the whole building totals about 1,870 sq ft and is offered at £200,000, with a headline 10% yield stated.
The property suits investors seeking an immediate cashflow asset close to the promenade, transport links and local amenities. Flats are let with tenants in situ and sold with existing tenancy arrangements; viewing is recommended to assess condition and rental layouts. Services are connected individually, though Flat 2 currently purchases utility credit from the landlord — buyers should confirm tenant arrangements and meter setups prior to exchange.
Notable negatives are material: the area is classed as very deprived with very high local crime rates, which can affect demand and management costs. The building’s original sandstone/limestone walls are assumed uninsulated, and period properties of this age commonly need ongoing maintenance and potential upgrades. Investors should allow budget for refurbishment, compliance checks and tenant management given the location and building age.
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