1, Banks Crescent
1, Banks Crescent
Description & Estimates
1, Banks Crescent, Morecambe is described in the public record as a mid-century apartment with 667 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 1, Banks Crescent, Morecambe is £73,675 and its rental estimate is £506 per month, given the available information and assuming reasonable condition.
Banks Crescent, Heysham, Morecambe, LA3 falls within the LA3 postal district, in the borough of Lancaster.
Our Data Sources
1, Banks Crescent, Morecambe has no records in the the Land Registry and a single entry in the EPC database dated January 2009.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1, Banks Crescent, Morecambe, we estimate a market value of £77,358 and a rental value of £532 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £68,517 and £471 per month respectively.
Recent Market Change
Over the last year, 1, Banks Crescent, Morecambe has seen its estimated sale value drop by £106 (0.1%) and its estimated rental value rise by £18 per month (3.5%). This results in an estimated gross rental yield of 8.2%.
Energy Efficiency
1, Banks Crescent, Morecambe has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Jan 2009.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Over the past 2 years 2 properties similar to 1, Banks Crescent, Morecambe have sold within a radius of 610 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 27th April 2021, was 19, Warren Grove, Morecambe, LA3 2TD, a leasehold flat which sold for £78,000.
Read more about house prices in LA3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 35 addresses on Banks Crescent, Heysham, Morecambe, LA3, 1, Banks Crescent, Morecambe comes out as the 13th largest and the 15th most expensive in our analysis of the public data.
It is also £119k less expensive than the average property across the LA3 district.
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Schools Nearby
- 400mTrumacar Nursery and Community Primary School
- 700mHeysham St Peter's Church of England Primary School
- 1.3kmSt Patrick's Catholic Primary School
- 2.5kmBay Leadership Academy
- 5.0kmMorecambe Bay Academy
- 6.0kmLancaster Girls' Grammar School
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Public Transport Nearby
From 1, Banks Crescent, Morecambe, the nearest station is Heysham Port, 1.4 kilometres away.
- 1.4kmHeysham Port
- 3.8kmMorecambe
- 5.5kmBare Lane
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
