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For saleReduced 16 Oct 2026
£175,000

Palace Court, Sandylands Promenade - an apartmwnt with sea views, LA3 1DN

2bedrooms
2bathrooms
Flattype
721sq ft
Leaseholdtenure

Listed 2 Sept 2026 · price reduced 16 Oct 2026 · Morecambe

How the price compares

This home£175,000£243 per sq ft
Median 2 bed in LA3£115k63 homes listed · £238 per sq ft
Difference+52%above the area median

Key features

  • A 2 bed apartment which is being sold as an investment property
  • Over-55s development offered with no onward chain
  • Immediate gross rental income of £8,400 per annum | Long standing tenant
  • Panoramic views across Morecambe Bay
  • Private balcony for enjoying the coastal outlook
  • Spacious open-plan living and dining room
  • Two double bedrooms with fitted wardrobes
  • Private garage with internal lift access

About this home

The Location Sandylands Promenade is made for those who enjoy life beside the sea. Step outside and the promenade is directly opposite, offering level coastal walks, fresh sea air and far-reaching views across Morecambe Bay towards the Lakeland fells. Heysham Village and Morecambe town centre are both within easy reach, providing a choice of shops, cafés, restaurants and everyday amenities. Regular bus services connect the surrounding area with Lancaster, while nearby road links make travelling further afield straightforward. Popular with those seeking a more relaxed pace of life, this coastal setting combines a strong sense of community with one of the area’s most memorable outlooks. Whether walking along the shoreline or simply watching the light change across the water, the bay becomes part of everyday life. The Property For an investor seeking immediate income in a standout coastal setting, this two-bedroom first-floor apartment offers an established tenancy, a private balcony and panoramic views across Morecambe Bay. The apartment forms part of a popular development for residents aged over 55 and is sold with a long-standing tenant in situ. Having occupied the property for approximately 14 years, the tenant currently pays £700 per calendar month, generating a gross annual rental income of £8,400. Lift access leads from the communal entrance to the first floor, where the apartment opens into a hallway with a walk-in storage cupboard. The main living and dining room is bright and generously proportioned, with sliding glazed doors drawing attention towards the bay. Step onto the private balcony and the appeal becomes clear: this is a place to sit with a morning coffee, enjoy the coastal air and watch the changing weather and sunsets over the water. The adjoining kitchen also enjoys a sea-facing outlook. White gloss cabinetry provides plenty of storage, complemented by an integrated fridge and freezer, an electric oven, gas hob, washing machine and space for informal dining. Both bedrooms are comfortable doubles with fitted wardrobes, offering useful storage without reducing the available floor space. A shower room completes the accommodation, fitted with a thermostatic shower, washbasin, WC and heated towel rail. The apartment also has a private garage within the lower basement level. It can be reached internally by lift as well as from outside, providing secure and practical parking. Offered with no onward chain, this is a ready-made investment with an established income and an exceptional waterfront position. Material Information Leasehold apartment with a share of the freehold.

Original 999-year lease from February 1984 to February 2983, with approximately 957 years remaining.

Service and maintenance charge: £400 every six months.

Ground rent: none payable.

Council Tax Band C; the source listing states an annual charge of £2,225.

Sold with a tenant in situ paying £700 per calendar month, producing a gross annual rental income of £8,400.

Gas central heating, double glazing, lift access and a private basement garage.

Parking - Garage

Property details

Property type
Flat
Size
721 sq ft / 67 sq m
Council tax band
C
Tenure
Leasehold
Lease remaining
957 years left
Service charge
£800 per year
Parking
Garage

Floorplan

All

Location

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  • Morecambe Station0.8 mi
  • Bare Lane Station2.2 mi
  • Heysham Port Station2.4 mi

What nearby homes sold for

Median sold prices in LA3 over the last 12 months: semi-detached £195k · detached £285k · terraced £155k · flat £113k.

AddressTypeSoldPrice
4 Palace Court, Sandylands Promenade
Morecambe LA3 1DN
Flat
Leasehold
12 Dec 2025£186,000
Ground Floor Flat, 24, Sandylands Promenade
Morecambe LA3 1DN
Flat
Leasehold
22 Oct 2025£110,000

Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in LA3

Buying costs

Monthly repayment£875£17,500 deposit · £157,500 loan
Stamp Duty£1,000England rates

Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.

Listed by JD Gallagher Estate Agents, Lancaster on Rightmove (original listing). First listed 2 Sept 2026; details checked 7 Nov 2026. Latest change: reduced on 16/10/2026.

Agent disclaimer

Disclaimer - Property reference cb58509d-00a8-4167-b933-84340330b172. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by JD Gallagher Estate Agents, Lancaster. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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