Why Morecambe Is Becoming a Hotspot for Property Investors and Landlords
By Michael Holliday, Managing Director, Residential Estates
Tucked along the Lancashire coast, Morecambe has long been a charming seaside town with a rich heritage and stunning views across Morecambe Bay. But in recent years, it’s gained renewed attention—not just from tourists, but from property investors, landlords, and commercial developers who are beginning to recognise the town’s untapped potential. With key regeneration projects, improved infrastructure, and strategic positioning within the North West, Morecambe is fast becoming a location of interest for those looking to invest in the UK property market.
Regeneration Driving Renewed Demand
The single biggest catalyst behind Morecambe’s revival is the highly anticipated Eden Project North, a £100+ million eco-tourism and education destination set to open in the town. This landmark development is expected to attract over 750,000 visitors annually, generate hundreds of local jobs, and inject millions into the local economy. The ripple effect of this project is already being felt, with increased interest in residential and commercial properties, and businesses preparing to cater to the projected influx of visitors and professionals.
For landlords, this offers a dual opportunity: capital growth as property prices rise, and increased rental demand as workers, contractors, and future residents relocate to the area to support the town’s expanding economy.
Competitive Property Prices and High Yield Potential
Compared to neighbouring towns such as Lancaster, or regional centres like Manchester and Preston, Morecambe still offers extremely competitive property prices. This affordability makes it attractive for first-time landlords or investors seeking strong returns.
According to recent data, average property prices in Morecambe remain significantly below the national average, yet rental yields of 6–8% are achievable in many parts of the town. With regeneration ongoing and demand increasing, those investing now are likely to benefit from both rising rents and capital appreciation.
Improved Connectivity and Strategic Location
Morecambe’s proximity to Lancaster (just 10 minutes by train) and good transport links via the M6 corridor and West Coast Main Line make it strategically well-placed for professionals who want coastal living with easy access to bigger urban centres. The ongoing improvement of rail services and road infrastructure is another tick in the box for investors, especially those looking at commuter or hybrid working trends post-pandemic.
The potential future reopening of the direct rail link to Leeds—championed by local leaders—would further increase Morecambe’s appeal and economic connectivity across the North of England.
Rising Commercial and Industrial Interest
Beyond tourism, Morecambe is also benefiting from increased interest in light industry, logistics, and service-based businesses. The wider Lancaster & Morecambe economic region has been earmarked for growth by Lancashire County Council, and there’s a concerted push to attract inward investment. Nearby business parks and the University of Lancaster’s innovation hub are drawing tech start-ups and green energy firms, which bring employment and housing demand.
Additionally, there are signs of a budding creative economy in the area, with artists, designers, and digital professionals moving in—drawn by the lifestyle, affordability, and increasing cultural vibrancy of the town.
Community, Culture, and Liveability
Investors are increasingly looking at places not just for their numbers, but for their long-term liveability—and Morecambe delivers. From the revitalised promenade to the burgeoning café culture, vintage markets, and community events, the town is reshaping itself into a vibrant place to live and work.
Cultural investment is also on the rise. Alongside Eden Project North, the Winter Gardens Theatre is undergoing restoration, and local arts organisations are receiving funding to boost creative activities. These developments enhance the town’s overall desirability, which in turn supports long-term tenant retention and property values.
Summary
Morecambe is entering a new era. Regeneration efforts like Eden Project North, combined with strong yield potential, low property prices, improving transport links, and growing business interest, make it a compelling choice for landlords and property investors. Whether you’re looking to invest in a holiday let, long-term rental, or commercial venture, Morecambe is a town worth serious consideration before it reaches its inevitable tipping point.
Investment Example
Overlooking the sweeping views of Morecambe Bay, Bayview House offers an exclusive collection of high-yield, fully serviced studio apartments designed for the booming short-term rental market. With the Eden Project Morecambe on the horizon and continued growth in UK staycations, this is your chance to invest in one of the UK’s most exciting coastal regeneration zones.
Each unit is designed with the modern traveller in mind—blending style, comfort, and functionality. Think bright interiors, contemporary kitchenettes, and sleek en-suites—all set within a classic seafront building steeped in character.
Investment Highlights:
13 Aparthotel Studios
1 Two-Bedroom Apartment
Kitchenettes & En-suites
High Corporate Demand
NET Yields of up to 16%
Waterfront Location
Sea Views
Prices From: £45,000
Whether you're expanding your portfolio or entering the holiday let market for the first time, Bayview House offers the perfect balance of lifestyle appeal and impressive financial returns.
