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According to the public record, 178, Lancaster Road, Morecambe is a period apartment with 882 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 178, Lancaster Road, Morecambe is £114,203 and the estimated rental value is £627 per month.
The apartment is within 178, Lancaster Road, Morecambe, LA4.
Lancaster Road, Morecambe, LA4 is located in the borough of Lancaster within the LA4 postal district.
178, Lancaster Road, Morecambe has no recent1 records in the the Land Registry and a single entry in the EPC database dated July 2017.
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.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 178, Lancaster Road, Morecambe is in very good condition we estimate a sale value of £119,913 and a rental value of £659 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £106,209 and a rental value of £583 per month.
Over the last 12 months the sale value of 178 Lancaster Road Morecambe has increased by an estimated £1,370 (1.2%) and its rental value has increased by an estimated £25 per month (4.0%), giving an expected gross yield of 6.6%.
178, Lancaster Road, Morecambe has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Jul 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 178, Lancaster Road, Morecambe was last sold on 14th May 1997 for £33,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 178, Lancaster Road, Morecambe within a radius of 520 metres over the last 2 years.
The most recent example is 115, Lancaster Road, Morecambe, LA4 5QJ, a leasehold flat which sold for £120,000 on the 28th February 2024.
Read more about house prices in LA4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lancaster Road, Morecambe, LA4 has a total of 281 addresses. According to our analysis of all the public data, 178, Lancaster Road, Morecambe is the 190th largest and the 237th most expensive property on the street.
When compared to the postcode district it is £79k less expensive than the average property in LA4.
The closest station to 178, Lancaster Road, Morecambe is Bare Lane station which is 1.2 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 178, Lancaster Road, Morecambe, 35.1% of property is privately rented and 32.5% is privately owned outright.
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 178, Lancaster Road, Morecambe, 26.8% of residents are recorded as possessing school level qualifications and 25.7% 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 178, Lancaster Road, Morecambe, the average age was 40.4 and the most common age was 37.
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 178, Lancaster Road, Morecambe, 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 178, Lancaster Road, Morecambe, there are an average of 1.1 cars per household.
See below for how this compares to North West and the rest of England & Wales.