Lancaster · LA4 5AQ · 12-bed
Marine Road East, Morecambe
© OpenStreetMap · click to open in maps
Asking price
£495,000
Verdict
Overpriced by £226,000 vs 5+ bed homes nearby
Who is this for?
Quick read across the buyer personas. ✅ = good fit · ⚠ = workable with caveats · ❌ = look elsewhere.
Family home
12-bed but EPC unknown — factor retrofit cost or budget for it.
Standard BTL
No reliable rent estimate for this area — verify before committing.
Buy + rent later
Rent wouldn't cover mortgage — selling to exit may be your only option.
The numbers
England (SDLT) · 75% LTV mortgage at 5.5% over 25 years (capital repayment).
Stamp duty
First-time buyer
£3,500
Home mover
£12,250
2nd home / BTL
£37,000
Mortgage @ 75% LTV
- Loan
- £371,250
- Deposit
- £123,750
- Per month
- £2,280
Cash you'd need to walk in (deposit + investor SDLT, before legal/survey): £160,750
Should you pay this?
Asking price is roughly £226,000 above what 5+ bed homes typically go for here.
You're paying £495,000. Comparable 5+ bed homes in this area suggest a market price of around £269,000.
Contains HM Land Registry data © Crown copyright and database right.
What it'd rent for
We don't have enough rental comparables for this area to give you a confident estimate yet. Cross-check on Rightmove's Rents tab or OpenRent before relying on yield assumptions.
Loading nearby sold…
5-year price trend
Crime risk
Flood risk
Schools & Ofsted
No schools indexed yet for this postcode sector. The official sources below cover every UK postcode.
Catchments aren't published nationally; many schools use distance-from-school as the deciding factor. The links above give you the official data — only the local authority can confirm a specific year's catchment boundary.
Contains public sector information licensed under the Open Government Licence v3.0.
HMO licensing
£825 – £1,500typical UK HMO fee, 5-year licence
Mandatory licence likely required (5+ sharers, statutory under Housing Act 2004)
The council's HMO page lists the current mandatory fee plus any additional / selective scheme that catches smaller HMOs.
Find borough HMO licensing page on gov.ukMandatory licensing applies UK-wide for 5+ sharer HMOs (Housing Act 2004). Scotland licenses 3+ sharers; Wales also requires Rent Smart Wales registration for every landlord.
Area pulse
- 3,953 new listings here in the last month — good comparable supply.
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