Apartment 605, Broadway One, Dallam Avenue, Morecambe, LA4 5FD

UPRN:10091524899Purpose Built Flat2 bedsBuilt -

LeaseholdCouncil Tax: -EPC: C (80)

Data freshness:Planning· 4mo agoOwnership· 1mo agoEPC· 6mo agoRisk· 5mo agoConnectivity· 1mo agoSchools· 1mo agoAmenities· 2mo agoArea· Census 2021

Apartment 605, Broadway One, Dallam Avenue, Morecambe, LA4 5FD

HP Score

/ 100

Strong

Verdict

4 days ago

Verdict: INVESTIGATE, on a scale of Buy, Investigate, Avoid.
Strong fundamentals; flood risk not assessed

Evidence

19 of 21 sources

Sale Estimate

£415,000

£373k - £456kMedium

Estimate

£415k

Range

£373k – £456k

Rent Estimate (pcm)

£2,600

£2k - £3k

Monthly

£2,600

Yield

7.80%

Verdict

Derived from HomePortfolio scores

Apartment 605 earns an INVESTIGATE rating with HP Score 77/100. Investment score 73/100 reflects strong fundamentals. Crime intensity is low. Walkability is limited (69/100). Flood risk is not assessed: check the Environment Agency long-term flood map before offering. Tenure is leasehold. Every figure here comes from the live HomePortfolio API; anything it does not publish is left out.

Key SourcesEPC RegisterPortal listingsOfcom Connected NationsOfcom mobile coverageMarket estimates (third-party AVM)HM Land Registry sales matched to addressDefra strategic noise mapping, England Round 4 (Contains Defra data © Crown copyright and database right 2023-2024, Open Government Licence v3.0)Walk ScoreONS Census 2021Police.ukHM Land Registry company ownershipHM Land Registry leasesHM Land Registry Price PaidPlanIt / council planning portalsOverture Maps PlacesOfsted / DfE GIAS

HP Score

77/ 100

Strong

Investment Score

73/ 100

High

Crime Score

28/ 100

Moderate

Walkability

69/ 100

Moderate

Transit & Bike

Transit 11Bike 51

Walk Score, out of 100

Opportunity

Why this could be an opportunity

Low confidence1 independent sourceListing checked 2 Nov 2026

This rests largely on a single source. Treat the score as a prompt to investigate, not a conclusion.

Valuation edge0/15
claims [AVM +3.6% (MEDIUM)] → measured edge +0.00pp of the ask; on later-registered sales an AVM discount carried no edge and a sold-evidence gap at most +0.5pp
Market estimate used (MEDIUM confidence) · snapshot 12 Oct 2026
- valuation_snapshotsestimate for 10091524899· as of 12 Oct 2026
Rental economics21.7/40
gross yield 7.8%; range width penalty ×0.97
- valuation_snapshotsrent estimate 2600/mo (range 2450-2750)· as of 12 Oct 2026· verify before relying on this
Stress margin0/30
stressed cash flow -161/mo, -6% of rent (6.75% on a 75% loan; disclosed service charge and ground rent); fails the stress - earns nothing
- listing_factsservice charge / ground rent from the advert· as of 2 Nov 2026
Seller motivationNot scored
context, not scored: 0 price cut(s), 65 days on market; homes with a cut sold 0.2-0.3pp further below the cut ask, which is not an edge
- portal_listingsprice_changes + first_published_date· as of 2 Nov 2026
Risk & liquidity12.8/15
312 sales/12mo in area; valuation range width 20%
- property_intelligencetransactions_12mo

4 of 4 components scored. Ranks on gross yield, the stress margin, risk and disclosed facts. A pricing claim earns only its measured edge: today 0 for the market estimate and at most +0.5pp for sold evidence. The score itself is not yet checked against the outcomes of homes it scored.

Economics

What happens to your money

Price sensitivity

£300,000£460,000

The same scorer re-run at hypothetical asking prices, holding rent, comps and listing history constant. Not a prediction of what the seller would accept.

Your assumptions

Purchase price£400,000

At the asking price

Monthly rent£2,600/mo

Evidenced range £2,450-£2,750

Interest rate5.4%

Loan to value75%

Cash required: £131,300
Net cash flow: £450/mo
Cash on cash: 4.1%
Score at this price: 34

After a 8% void allowance, 15% management and 10% maintenance. Lender coverage (rent ÷ interest): 1.93 - clears the usual 1.25 test. These are your assumptions, not evidence: only the pre-filled rent and price come from the record.

Evidence

Where every number comes from

valuation_snapshotsestimate for 10091524899Valuation edge · as of 12 Oct 2026
valuation_snapshotsrent estimate 2600/mo (range 2450-2750)Rental economics · as of 12 Oct 2026 · verify before relying on this
listing_factsservice charge / ground rent from the advertStress margin · as of 2 Nov 2026
portal_listingsprice_changes + first_published_dateSeller motivation · as of 2 Nov 2026
property_intelligencetransactions_12moRisk & liquidity

Sold comparables in depth

Risks

What could kill this deal

Score confidence is low
largely a single source - treat the number as a prompt, not a conclusion
Rental economics needs verification before you rely on it
rent estimate 2600/mo (range 2450-2750)
Seller motivation could not be scored
context, not scored: 0 price cut(s), 65 days on market; homes with a cut sold 0.2-0.3pp further below the cut ask, which is not an edge

Property risk deep-dive →

Plan

Before you offer

1. Get two written rental appraisals from local lettings agents.
The rent estimate rests on area-level evidence, not lettings on this street.
2. Treat the gap to the estimate as unproven - compare recent sold prices on the street yourself before pricing an offer around it.
On later completions, homes listed below their estimate sold at the same share of the asking price as the rest.
3. Commission a full structural survey, not a basic condition report.
The score prices market evidence, not the fabric of the building.

Every step above was generated from a specific gap or flag in the evidence - no generic advice, no invented tasks.

Valuation & Market

Sale Estimate£415,000

Rent Estimate (pcm)£2,600

Gross Yield7.80%

1y Growth-

3y Growth+2.9%

5y Growth+3.0%

10y Growth+3.9%

Last Sold Price£385,000 (2019-09-02)

View Market Details

Risk Overview

Flood RiskUnknown
SubsidenceModerate
RadonModerate
MiningLow
LandslideModerate
Air QualityLow
NoiseModerate

View Full Risk Report

Planning Activity

Recent Apps

0LA4 5FD

Approval Rate

-12mo

Development

low

26/00991/FUL
Subdivision of existing upper floor flat into 3 self-contained flats
Pending
26/00964/FUL
Erection of side and rear extensions and construction of a side pitched-roof dormer extension
Pending
26/00897/PLDC
Proposed lawful development certificate for the erection of a rear single storey extension
Approved

View Planning Timeline

Ownership

Corporate Ownership69.5%
Overseas OwnershipNo
Lease Term Remaining999+ yrs
CovenantsNone
Lease TypeLeasehold
Last Ownership Change2019-09-02
SourceLand Registry

View Ownership Details

Connectivity

Broadband (Standard)

13 Mbps

Mobile 4G/5G Coverage

EEThreeO2Vodafone

EV Charger

PTAL Rating

View Connectivity Map

Area Profile

Median EarningsLocal authority£29,651

Population Density3,021 /km²

Owner Occupied62%

Age Distribution

0-15 10%16-64 48%65+ 42%

View Area Profile

Schools Nearby

Morecambe Bay Academy
0.1 mi
Good
St Mary's Catholic Primary School, Morecambe
0.3 mi
Requires improvement
Poulton-le-Sands Church of England Primary School
0.3 mi
Report card2026
Ofsted no longer awards a single overall grade.
Morecambe Bay Community Primary School
0.5 mi
Report card2026
Ofsted no longer awards a single overall grade.

3 of 13 nearby schools with published figures were oversubscribed in 2026 - demand, not a catchment.

View All Schools

Comparables

View All

Broadway One Dallam Avenue
-
£210k
-
Broadway One Dallam Avenue
-
£320k
-
Broadway One Dallam Avenue
-
£475k
-
Broadway One Dallam Avenue
-
£275k
-

Boundary data not available for this property

No registered title polygon, building footprint, or street match for this property yet.

Why: No HMLR INSPIRE / OSM footprint / OS Open USRN match for this UPRN

Source: HM Land Registry INSPIRE / OpenStreetMap / OS Open USRN