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The Way is a residential street with 3 addresses.
It ranks as the 53rd largest and 161st most expensive of the 909 streets in the LA3 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The street contains a total of 3 properties: 3 flats.
The Way is a residential street with 3 addresses.
It ranks as the 53rd largest and 161st most expensive of the 909 streets in the LA3 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The street contains a total of 3 properties: 3 flats.
Sale prices range from £123,465 for 2 bedroom leasehold flats (721 ft2) to £133,888 for 2 bedroom leasehold flats (861 ft2) .
Monthly rental prices range from £661 pcm for 2 bed flats to £663 pcm for 2 bed flats.
The gross rental yield is between 5.9% and 6.4%.
The average value per square foot is £162.
The last sale on The Way sold for £136,000 on 22nd September 2023. Since then prices are up an average of 1.8%.
The current average value in the street is £128,847.
The The Way Sales Market has increased by 29.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 0.3% | £128,847 |
| May 2025 | 1.3% | £128,511 |
| May 2024 | 1.1% | £126,899 |
| May 2023 | 2.2% | £125,513 |
| May 2022 | 10% | £122,769 |
| May 2021 | 4.9% | £111,619 |
| May 2020 | 3.5% | £106,439 |
| May 2019 | 1.3% | £102,820 |
| May 2018 | 0.6% | £101,465 |
| May 2017 | 1.6% | £100,841 |
| May 2016 | 0% | £99,232 |
| May 2015 | 3.4% | £99,249 |
| May 2014 | 4.1% | £96,010 |
| May 2013 | -3.7% | £92,224 |
| May 2012 | -1.2% | £95,719 |
| May 2011 | -1.9% | £96,903 |
| May 2010 | 1.1% | £98,752 |
| May 2009 | -11.8% | £97,721 |
| May 2008 | 0.2% | £110,818 |
| May 2007 | 0% | £110,568 |
The current average rental value in the street is £662.
The The Way Rental Market has increased by 36.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.9% | £662pcm |
| May 2025 | 5.1% | £637pcm |
| May 2024 | 11.1% | £606pcm |
| May 2023 | 3.6% | £545pcm |
| May 2022 | 6.1% | £526pcm |
| May 2021 | 1.3% | £496pcm |
| May 2020 | 2.4% | £490pcm |
| May 2019 | 0.5% | £478pcm |
| May 2018 | -0.7% | £476pcm |
| May 2017 | -1.1% | £480pcm |
| May 2016 | 0.1% | £485pcm |
| May 2015 | 1.8% | £485pcm |
| May 2014 | -1.1% | £476pcm |
| May 2013 | 0% | £481pcm |
| May 2012 | -1.2% | £481pcm |
| May 2011 | 2.3% | £487pcm |
| May 2010 | 0.8% | £476pcm |
| May 2009 | -4.8% | £472pcm |
| May 2008 | 6.6% | £496pcm |
| May 2007 | 0% | £465pcm |
The last sale was on 22nd September 2023 for £136,000 and since then the market in the area has increased by 1.8%. The street has had a total of 10 sales since 1995.
The Way, Morecambe, LA3 has seen 1 sale in the last three years and no sales in the last twelve months.
The Way, Morecambe, LA3 is the 53rd largest and the 161st most expensive street in the LA3 area.
There is 1 postcode on The Way, Morecambe, LA3.
The closest station to The Way, Morecambe, LA3 is Bare Lane station which is 1.4 kilometres away.
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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 The Way, Morecambe, LA3, 65.0% of property is privately owned outright and 18.0% 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 The Way, Morecambe, LA3, 7.5% of residents are recorded as possessing school level qualifications and 23.6% 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 The Way, Morecambe, LA3, 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 The Way, Morecambe, LA3, 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 The Way, Morecambe, LA3, there are an average of 1.2 cars per household.
See below for how this compares to North West and the rest of England & Wales.