LA3 1TQ is a residential postcode situated on Alexandra Road, Morecambe, LA3 with 11 addresses.
It ranks as the 480th largest and 478th most expensive of the 1,421 postcodes in the LA3 area. The dominant property type is a period flat built between 1800 and 1911.
The postcode contains a total of 11 properties: 2 houses and 9 flats.
LA3 1TQ is a residential postcode situated on Alexandra Road, Morecambe, LA3 with 11 addresses.
It ranks as the 480th largest and 478th most expensive of the 1,421 postcodes in the LA3 area. The dominant property type is a period flat built between 1800 and 1911.
The postcode contains a total of 11 properties: 2 houses and 9 flats.
Sale prices range from £109,042 for 4 bedroom freehold houses with a garden (1,582 ft2) to £193,479 for 3 bedroom leasehold flats with a garden (1,140 ft2) .
Monthly rental prices range from £516 pcm for 4 bed houses to £669 pcm for 3 bed flats.
The gross rental yield is between 4.1% and 5.8%.
The average value per square foot is £204.
The last sale in LA3 1TQ sold for £75,997 on 28th April 2023. Since then prices are up an average of 41.9%.
The current average value in the postcode is £150,018.
The LA3 1TQ Sales Market has increased by 45.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.1% | £150,018 |
| April 2025 | 2.3% | £148,350 |
| April 2024 | 0.9% | £144,972 |
| April 2023 | 3.6% | £143,678 |
| April 2022 | 14.5% | £138,688 |
| April 2021 | 5.9% | £121,139 |
| April 2020 | 2.8% | £114,350 |
| April 2019 | 2.1% | £111,251 |
| April 2018 | 2.3% | £108,930 |
| April 2017 | 3% | £106,433 |
| April 2016 | -2% | £103,349 |
| April 2015 | 5% | £105,408 |
| April 2014 | 3.7% | £100,427 |
| April 2013 | -3.3% | £96,850 |
| April 2012 | -0.2% | £100,187 |
| April 2011 | -4.9% | £100,432 |
| April 2010 | 1.3% | £105,587 |
| April 2009 | -12.4% | £104,229 |
| April 2008 | 1.4% | £118,967 |
| April 2007 | 0% | £117,274 |
The current average rental value in the postcode is £614.
The LA3 1TQ Rental Market has increased by 43.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4.3% | £614pcm |
| April 2025 | 4.1% | £589pcm |
| April 2024 | 10.7% | £565pcm |
| April 2023 | 4.6% | £510pcm |
| April 2022 | 9.6% | £488pcm |
| April 2021 | 0.6% | £445pcm |
| April 2020 | 1.8% | £442pcm |
| April 2019 | 2.2% | £434pcm |
| April 2018 | 0.8% | £425pcm |
| April 2017 | -1.4% | £422pcm |
| April 2016 | 0.6% | £428pcm |
| April 2015 | -0.5% | £425pcm |
| April 2014 | 0.5% | £427pcm |
| April 2013 | 0.3% | £425pcm |
| April 2012 | 0.2% | £424pcm |
| April 2011 | -0.1% | £423pcm |
| April 2010 | 0.8% | £423pcm |
| April 2009 | -2.2% | £420pcm |
| April 2008 | 3.5% | £429pcm |
| April 2007 | 0% | £415pcm |
The last sale was on 28th April 2023 for £75,997 and since then the market in the area has increased by 41.9%. The postcode has had a total of 12 sales since 1995.
LA3 1TQ has seen 1 sale in the last three years and no sales in the last twelve months.
LA3 1TQ is the 480th largest and the 478th most expensive postcode out of the 1,421 postcodes in the LA3 area.
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The closest station to LA3 1TQ is Morecambe station which is 1.1 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around LA3 1TQ, 42.5% of property is privately rented and 19.5% is socially rented.
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 LA3 1TQ, 29.9% of residents are recorded as possessing school level qualifications and 18.1% 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 LA3 1TQ, the average age was 38.9 and the most common age was 57.
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 LA3 1TQ, 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 LA3 1TQ, there are an average of 0.9 cars per household.
See below for how this compares to North West and the rest of England & Wales.