Summary -
Flat 107 Queen Square,Station Road,MORECAMBE,LA4 5JL
LA4 5JL
2 bed 1 bath Flat
Immediate rental income with long lease and lift access.
Two double bedrooms with open-plan lounge and modern fitted kitchen
A practical two-bedroom apartment on the first floor, offered with a potential sitting tenant currently paying £700 per month. The open-plan lounge and modern fitted kitchen create a straightforward rental layout, while two double bedrooms and a white three-piece bathroom keep maintenance simple. Secure communal entrance and lift access are useful for tenant appeal.
The property is leasehold with 234 years remaining and carries an average service charge of £2,494 and a small ground rent of £200. These running costs are material for operating profit and should be factored into yield calculations. Council tax is very cheap and there is no recorded flood risk.
Location strengths include fast broadband, excellent mobile signal and proximity to a wide range of shops, services and local schools. Local social and economic indicators show very high crime and a very deprived area classification; this makes the flat more suitable for investors targeting affordable-rent demand rather than owner-occupiers seeking a low-crime neighbourhood.
Viewings are recommended for investors wanting immediate rental income and long-leasehold security, but factor in the elevated service charge and local deprivation when assessing net returns.
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