Summary - 143 EUSTON ROAD MORECAMBE LA4 5LF
5 bed 1 bath House
Three tenanted one-bed flats producing immediate income near shops and transport.
Three fully tenanted one-bedroom flats, immediate rental income
A Victorian mid-terrace converted into three one-bedroom flats, currently fully tenanted and producing immediate rental income. The ground-floor flat benefits from direct access to a small, walled rear yard. Located on a central street close to shops, transport links and everyday amenities, the property suits a hands-on investor seeking income from day one.
Built around 1900–1929, the building retains period character on the exterior but internally the flats are compact and will benefit from ongoing maintenance and upgrading. Heating is by electric room heaters only and glazing is double glazed with unknown install date; energy ratings are D, E and D, so there is scope to improve efficiency and reduce running costs.
Material considerations: the property sits in an area of high crime and very high deprivation, and the immediate neighbourhood is categorised as a transitional Eastern European community with constrained rental demand. The building is small overall (approx. 879 sqft total) and offers limited scope to enlarge, but its freehold tenure and current tenancy profile make it straightforward to retain as an income asset or refurbish for higher rents.
This is a practical investment for buyers comfortable with urban, high-demand rental stock who can manage tenants and small-scale refurbishment. Expect maintenance and energy-efficiency work to add value; the property is sold with tenants in situ, providing instant cashflow but limiting vacant possession options without notice.
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