Income-producing bungalow with driveway, gardens and long-term tenants in place.
Three-bedroom semi-detached bungalow on corner plot
A three-bedroom semi-detached bungalow on a corner plot in Morecambe, offered freehold with long-term tenants in situ. The property includes private front and rear gardens, a private driveway with off-street parking, and a single-storey, open-plan layout that suits ground-floor living. Current annual gross rental income is £9,880, implying an approximate gross yield of 5.5% at the asking price of £180,000 — appealing for buy-to-let portfolios seeking immediate income.
The house is mid-20th century brick construction with a conservatory/garage potential and average internal space (around 1,195 sq ft). Broadband speeds are reported as fast and mobile signal excellent, supporting modern tenant needs. The tenant has a stable payment history and wishes to remain, reducing void risk for an investor but limiting immediate vacant-possession redevelopment options.
Buyers should note material market and property factors: the wider area is classified as very deprived with above-average crime levels, which will affect tenant profiles, resale and borrowing options. The property has a single bathroom and standard ceiling heights, which may constrain family rental premiums and could limit yields unless upgraded. A Buyer’s Premium is stated in the sale terms — confirm this and other sale costs before offer.
This listing suits investors or developers seeking an income-producing asset with straightforward landlord management or light refurbishment potential. Interested parties should review the Let Property Pack and tenancy documentation, and factor area characteristics and sale fees into any valuation or refurbishment budget.
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