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3 South Road is a residential building situated on South Road, Morecambe, LA4 with 2 addresses.
It ranks as the 275th largest and 629th most expensive of the 1,106 buildings in the LA4 area. The dominant property type is a early-century flat built between 1912 and 1935.
The building contains a total of 2 properties: 2 flats.
3 South Road is a residential building situated on South Road, Morecambe, LA4 with 2 addresses.
It ranks as the 275th largest and 629th most expensive of the 1,106 buildings in the LA4 area. The dominant property type is a early-century flat built between 1912 and 1935.
The building contains a total of 2 properties: 2 flats.
Sale prices range from £101,245 for 2 bedroom leasehold flats with a garden (645 ft2) to £106,334 for 2 bedroom leasehold flats with a garden (645 ft2) .
Monthly rental prices range from £640 pcm for 2 bed flats to £655 pcm for 2 bed flats.
The gross rental yield is between 7.4% and 7.6%.
The average value per square foot is £161.
The last sale in 3 South Road sold for £72,000 on 5th November 2007. Since then prices are up an average of 15.5%.
The current average value in the building is £103,789.
The 3 South Road Sales Market has increased by 35.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 0.7% | £103,789 |
| May 2025 | 1.5% | £103,077 |
| May 2024 | 0.8% | £101,505 |
| May 2023 | 2.8% | £100,742 |
| May 2022 | 11.9% | £97,999 |
| May 2021 | 4.8% | £87,580 |
| May 2020 | 3.7% | £83,556 |
| May 2019 | 1.8% | £80,564 |
| May 2018 | 1.5% | £79,155 |
| May 2017 | 2% | £77,951 |
| May 2016 | -0.9% | £76,425 |
| May 2015 | 3.9% | £77,116 |
| May 2014 | 4.2% | £74,200 |
| May 2013 | -4.7% | £71,180 |
| May 2012 | -1.1% | £74,707 |
| May 2011 | -2.4% | £75,574 |
| May 2010 | 0.1% | £77,454 |
| May 2009 | -11.8% | £77,392 |
| May 2008 | -0.1% | £87,728 |
| May 2007 | 0% | £87,786 |
The current average rental value in the building is £647.
The 3 South Road Rental Market has increased by 41.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 4.4% | £647pcm |
| May 2025 | 5.6% | £620pcm |
| May 2024 | 11% | £587pcm |
| May 2023 | 4.3% | £529pcm |
| May 2022 | 6.9% | £507pcm |
| May 2021 | 1.8% | £475pcm |
| May 2020 | 2.1% | £466pcm |
| May 2019 | 0.5% | £457pcm |
| May 2018 | -0.1% | £454pcm |
| May 2017 | -0.7% | £455pcm |
| May 2016 | -0.8% | £458pcm |
| May 2015 | 2.6% | £462pcm |
| May 2014 | -2% | £450pcm |
| May 2013 | -0.1% | £459pcm |
| May 2012 | -1.2% | £460pcm |
| May 2011 | 1.6% | £465pcm |
| May 2010 | 0% | £458pcm |
| May 2009 | -5.2% | £457pcm |
| May 2008 | 7.3% | £483pcm |
| May 2007 | 0% | £450pcm |
The last sale was on 5th November 2007 for £72,000 and since then the market in the area has increased by 15.5%. The building has had a total of 1 sales since 1995.
3, South Road, Morecambe, LA4 5RA has seen no sales in the last three years and no sales in the last twelve months.
The closest station to 3, South Road, Morecambe, LA4 5RA is Morecambe station which is 1.1 kilometres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 3, South Road, Morecambe, LA4 5RA, 39.8% of property is privately owned outright and 39.8% is privately owned with a mortgage.
The graph below shows how this compares to North West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 3, South Road, Morecambe, LA4 5RA, 19.2% of residents are recorded as possessing school level qualifications and 24.5% as possessing degree level qualifications.
The graph below shows how this compares to North West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 3, South Road, Morecambe, LA4 5RA, the average age was 43.1 and the most common age was 52.
The graph below shows how this compares to North West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 3, South Road, Morecambe, LA4 5RA, 0.0% of property was a second home.
Comparison figures for North West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 3, South Road, Morecambe, LA4 5RA, there are an average of 1.3 cars per household.
See below for how this compares to North West and the rest of England & Wales.