Summary - 1 - 2 MARINE ROAD WEST MORECAMBE LA3 1BS
1 bed 1 bath Block of Apartments
Yield-focused investment with character and immediate income potential.
Freehold block of five flats (1×3-bed, 4×2-bed) generating rental income
Victorian building with high ceilings, period features and seaside location
Part-occupied — immediate income potential but tenant management required
Medium flood risk — affects insurance and refurbishment costs
Area classed as very deprived; crime levels are very high
Auction sale: unconditional, 28‑day completion, buyer’s premium payable
Fast broadband and excellent mobile signal; good local transport links
Council tax flagged as expensive; factor into operating costs
A freehold block of five flats in central Morecambe, offered for sale by online auction, presents a clear investment play with seaside appeal. The building retains Victorian character and high ceilings, and benefits from fast broadband and excellent mobile signal — features attractive to long-term tenants and holiday let demand. Some units are currently occupied, providing immediate income potential.
This lot suits investors seeking rental yield and future uplift from local regeneration. The property’s coastal location and nearby amenities support lettings and short-stay interest, while the freehold tenure and multi-storey layout provide scope for management-led improvements or reconfiguration. Buyers should factor in auction conditions: unconditional sale, strict 28-day completion, and a buyer’s premium payable on completion.
Notable practical considerations are real: the area is classed as very deprived with very high crime levels, and council tax is described as expensive. There is a medium flood risk for the location. These factors will affect insurance, running costs and tenant profiles. Searches have been ordered and will be available prior to bidding — review them carefully before committing.
Overall, this block is a straightforward, yield-focused opportunity for a buyer able to operate in an auction timeline and manage a property in a challenged urban area. It offers immediate rental returns and longer-term potential linked to local projects, but requires informed budgeting for operating costs, insurance and any refurbishment.
Commercial property for sale in Princes Crescent, Morecambe, LA4 — £250,000 • 5 bed • 1 bath • 2971 ft²
6 bedroom terraced house for sale in Clarendon Road, Morecambe, Lancashire, LA3 — £185,000 • 6 bed • 3 bath • 1888 ft²
Property for sale in Marlborough Road, Heysham, Morecambe, Lancashire, LA3 1TP, LA3 — £85,000 • 1 bed • 1 bath
1 bedroom apartment for sale in Market Street, Morecambe, LA4 — £130,000 • 1 bed • 1 bath • 1614 ft²
2 bedroom flat for sale in Marine Road East, Bare, Morecambe, LA4 6AD, LA4 — £135,000 • 2 bed • 1 bath
2 bedroom flat for sale in Sandylands Promenade, Heysham, LA3 — £70,000 • 2 bed • 1 bath • 689 ft²
