16, Fairfield Road
16, Fairfield Road
Description & Estimates
The public record lists 16, Fairfield Road, Morecambe as a leasehold apartment.
Comparison with its neighbours suggests an early-century apartment with 523 ft2 of internal area and a garden.
In this area, apartments of this size normally have 2 bedrooms.
16, Fairfield Road, Morecambe has an estimated sale value of £84,536 and an estimated rental value of £613 per month, assuming reasonable condition and based on the information available.
The apartment sits within 16, Fairfield Road, Heysham, Morecambe, LA3.
Fairfield Road, Heysham, Morecambe, LA3 lies in the borough of Lancaster, within the LA3 postal district.
Our Data Sources
16, Fairfield Road, Morecambe has a single entry in the Land Registry from August 2018 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 16, Fairfield Road, Morecambe would be worth £88,762, with a potential rental value of £644 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £78,618, with a rental value of £570 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 16, Fairfield Road, Morecambe has climbed by £604 (0.7%) over the last year. During the same period, its estimated monthly rental value has risen by £27 (4.4%). The property's estimated gross yield is currently 8.7%.
Sold Prices
16, Fairfield Road, Morecambe last changed hands on 10th August 2018, selling for £39,999. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 17.3% since August 2018.
- Sold Aug 2018£39,999
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 470 metres of 16, Fairfield Road, Morecambe across the last 2 years.
Most recently, 33A, Norton Road, Morecambe, LA3 1HA, a leasehold flat, sold at £77,000 on the 23rd January 2023.
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
Our analysis of the public data ranks 16, Fairfield Road, Morecambe as the 130th largest and the 135th most expensive of the 135 addresses on Fairfield Road, Heysham, Morecambe, LA3.
Against the LA3 postcode district average, it is £108k less expensive than the typical property.
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Schools Nearby
- 300mMorecambe and Heysham Sandylands Community Primary School
- 800mWest End Primary School
- 1.1kmMossgate Primary School
- 700mBay Leadership Academy
- 3.0kmMorecambe Bay Academy
- 5.7kmOur Lady's Catholic College
More reading links
Public Transport Nearby
Morecambe station is the nearest stop to 16, Fairfield Road, Morecambe at 1.7 kilometres away.
- 1.7kmMorecambe
- 3.4kmHeysham Port
- 3.8kmBare Lane
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
