1, Lake Avenue
1, Lake Avenue
Description & Estimates
1, Lake Avenue, Morecambe is recorded publicly as an early-century freehold house across 1,334 ft2 of internal area, sitting on a 191 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 1, Lake Avenue, Morecambe is £185,070 and its rental estimate is £939 per month, given the available information and assuming reasonable condition.
Lake Avenue, Morecambe, LA4 falls within the LA4 postal district, in the borough of Lancaster.
Our Data Sources
1, Lake Avenue, Morecambe has a single entry in the Land Registry from July 2014 and a single entry in the EPC database dated November 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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, Lake Avenue, Morecambe, we estimate a market value of £194,324 and a rental value of £986 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £172,116 and £873 per month respectively.
Recent Market Change
Over the last year, 1, Lake Avenue, Morecambe has seen its estimated sale value fall by £778 (0.4%) and its estimated rental value move up by £31 per month (3.3%). This results in an estimated gross rental yield of 6.1%.
Plot Size
HM Land Registry records the plot of land for 1, Lake Avenue, Morecambe as measuring 191 m2.
That makes it the 2nd largest plot in the postcode, where 17 of the 18 other houses have recorded plot data.
Energy Efficiency
1, Lake Avenue, Morecambe has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 21 Nov 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 1, Lake Avenue, Morecambe completed on 1st July 2014 at £78,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 73.5% over the period since July 2014.
- Sold Jul 2014£78,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 1, Lake Avenue, Morecambe have sold within a radius of 400 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 24th June 2024, was 2, Lake Avenue, Morecambe, LA4 4LJ, a freehold house which sold for £130,000.
Read more about house prices in LA4.
- Sold Jun 2024£130,000 | 3 Bed House2, Lake Avenue, Morecambe, LA4 4LJ2, Lake Avenue, Morecambe, LA4 4LJ
- Sold Mar 2023£190,000 | 4 Bed House3, Sandringham Road, Morecambe, LA4 4NE3, Sandringham Road, Morecambe, LA4 4NE
- Sold Dec 2022£149,950 | 4 Bed House7, Lake Road, Morecambe, LA3 1AS7, Lake Road, Morecambe, LA3 1AS
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 23 addresses on Lake Avenue, Morecambe, LA4, 1, Lake Avenue, Morecambe comes out as the largest and the most expensive in our analysis of the public data.
It is also £7k less expensive than the average property across the LA4 district.
More reading links
Schools Nearby
- 300mWest End Primary School
- 700mMorecambe and Heysham Sandylands Community Primary School
- 900mMorecambe and Heysham Westgate Primary School
- 600mBay Leadership Academy
- 2.0kmMorecambe Bay Academy
- 4.8kmOur Lady's Catholic College
More reading links
Public Transport Nearby
From 1, Lake Avenue, Morecambe, the nearest station is Morecambe, 700 metres away.
- 700mMorecambe
- 2.8kmBare Lane
- 4.3kmHeysham Port
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.
