Summary - Flat 1, 40 Victoria Street LA4 4AL
4 bed 1 bath House
Immediate rental income with room for value uplift through refurbishment.
Income-producing mixed-use: shop plus two flats
Ground-floor shop tenanted to an aesthetics business
One flat vacant; one flat currently rented
Both flats feature open-plan kitchen/diner/reception layouts
Commercial energy rating E; residential heating via electric room heaters
Very high local crime and very deprived neighbourhood
Small plot; period building (pre-1900) with internal insulation
Council Tax Band A; broadband average, excellent mobile signal
This end-of-terrace mixed-use building offers a ready-made investment in central Morecambe. The ground floor is a long-standing commercial unit currently occupied by an aesthetics business, with two self-contained flats above — one tenanted and one vacant — generating immediate income and letting flexibility. Virtual viewing is available via the video tour.
Both flats have open-plan kitchen/diner/reception layouts and separate utility rooms, providing practical, easily lettable accommodation. The property is period-built (pre-1900) with sandstone/limestone walls and double glazing fitted after 2002. Heating is electric room heaters and the commercial element carries an E energy efficiency rating.
Location strengths — proximity to local amenities, transport links and the proposed Eden Project site — support long-term value, but the area is very deprived with very high crime rates and a large proportion of constrained renters. The building sits on a small plot and will suit investors able to manage social‑housing‑style lettings and tenancy turnover.
Buyers should factor in likely maintenance and upgrade work (electric heating, communal elements, possible cosmetic updating). This is a straightforward portfolio add-on for an investor seeking immediate income with scope to improve value through refurbishment and active management.
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