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5 Hope Street is a residential building situated on Hope Street, Morecambe, LA4 with 2 addresses.
It ranks as the 413th largest and 651st most expensive of the 1,106 buildings in the LA4 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The building contains a total of 2 properties: 2 flats.
5 Hope Street is a residential building situated on Hope Street, Morecambe, LA4 with 2 addresses.
It ranks as the 413th largest and 651st most expensive of the 1,106 buildings in the LA4 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The building contains a total of 2 properties: 2 flats.
Sale prices range from £101,694 for 2 bedroom leasehold flats (685 ft2) to £111,752 for 2 bedroom leasehold flats (685 ft2) .
Monthly rental prices range from £634 pcm for 2 bed flats to £659 pcm for 2 bed flats.
The gross rental yield is between 7.1% and 7.5%.
The average value per square foot is £156.
The current average value in the building is £106,723.
The 5 Hope Street Sales Market has increased by 34.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 0% | £106,723 |
| May 2025 | 1.9% | £106,739 |
| May 2024 | 0.9% | £104,721 |
| May 2023 | 1.9% | £103,837 |
| May 2022 | 12.9% | £101,873 |
| May 2021 | 4% | £90,208 |
| May 2020 | 3.5% | £86,702 |
| May 2019 | 1.9% | £83,809 |
| May 2018 | 1.2% | £82,254 |
| May 2017 | 2.2% | £81,258 |
| May 2016 | -1.5% | £79,486 |
| May 2015 | 4.2% | £80,689 |
| May 2014 | 3.9% | £77,467 |
| May 2013 | -5.3% | £74,536 |
| May 2012 | -1.1% | £78,697 |
| May 2011 | -3% | £79,550 |
| May 2010 | -0.5% | £81,989 |
| May 2009 | -11.9% | £82,439 |
| May 2008 | -0.2% | £93,575 |
| May 2007 | 0% | £93,719 |
The current average rental value in the building is £646.
The 5 Hope Street Rental Market has increased by 39.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.6% | £646pcm |
| May 2025 | 6% | £624pcm |
| May 2024 | 11.1% | £589pcm |
| May 2023 | 3.4% | £530pcm |
| May 2022 | 7.8% | £512pcm |
| May 2021 | 1.1% | £475pcm |
| May 2020 | 1.8% | £470pcm |
| May 2019 | 0.6% | £462pcm |
| May 2018 | -0.5% | £459pcm |
| May 2017 | -0.5% | £461pcm |
| May 2016 | -1.4% | £463pcm |
| May 2015 | 2.8% | £470pcm |
| May 2014 | -2.4% | £457pcm |
| May 2013 | -0.6% | £468pcm |
| May 2012 | -1.1% | £471pcm |
| May 2011 | 1% | £476pcm |
| May 2010 | -0.5% | £471pcm |
| May 2009 | -5.4% | £474pcm |
| May 2008 | 7.2% | £501pcm |
| May 2007 | 0% | £467pcm |
The closest station to 5, Hope Street, Morecambe, LA4 5SW is Morecambe station which is 1.0 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around 5, Hope Street, Morecambe, LA4 5SW, 47.4% of property is privately rented and 29.8% 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 5, Hope Street, Morecambe, LA4 5SW, 17.2% of residents are recorded as possessing school level qualifications and 15.1% 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 5, Hope Street, Morecambe, LA4 5SW, the average age was 40.4 and the most common age was 37.
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 5, Hope Street, Morecambe, LA4 5SW, 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 5, Hope Street, Morecambe, LA4 5SW, there are an average of 0.7 cars per household.
See below for how this compares to North West and the rest of England & Wales.