Summary - 16 TOWNLEY STREET MORECAMBE LA4 5JH
3 bed 2 bath Apartment
Freehold two-flat investment: new roof 2023, live in one rent the other — compact, high-yield risk.
Freehold property split into two self-contained flats
No onward chain; ready for immediate occupation or letting
New roof and rear flat roof replaced in 2023
Separate gas and electric meters for each flat
Compact overall size (approx. 388 sq ft) — limited space
Very deprived area with high crime — higher investment risk
Some rooms and kitchens need modernisation to boost value
Suitable to live in one flat while renting the other
An adaptable freehold terrace split into two self-contained apartments, this Townley Street property suits buy-to-let investors or a buyer seeking owner-occupier flexibility. The ground floor provides a one-bedroom flat with open-plan living and rear yard; the first-floor flat offers two bedrooms across the upper floors. Both flats have separate gas and electric meters, simplifying dual-tenancy management.
Practical recent works include a new main roof and rear flat roof in 2023; the first-floor apartment has new carpets and fresh paint. The building retains period character—fireplaces and traditional windows—while many internal fittings are mid-20th-century and would benefit from further modernisation to maximise rental value.
This is a compact property (total approx. 388 sq ft) in a very deprived area with high local crime statistics and a transitional Eastern European neighbourhood profile. These factors make it a higher-yield, higher-risk investment: good rental demand from constrained renters, but lettings and resale values may be suppressed compared with more affluent locations.
For investors, the layout allows immediate letting of one or both flats; for a first-time buyer, there’s the option to live upstairs and rent the ground-floor flat to offset costs. Budget for targeted refurbishment and ongoing management given the location and some dated internal fittings.
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