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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 2, Elms Drive, Morecambe is a leasehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 769 ft2 of internal area and sits on a 128 m2 plot and a garden.
Houses of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Elms Drive, Morecambe is £218,740 and the estimated rental value is £929 per month.
Elms Drive, Morecambe, LA4 is located in the borough of Lancaster within the LA4 postal district.
2, Elms Drive, Morecambe has 21 entries in the Land Registry , most recently in December 2011 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 4 out of 5 and is considered of high 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 2, Elms Drive, Morecambe is in very good condition we estimate a sale value of £229,677 and a rental value of £975 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £203,428 and a rental value of £864 per month.
Over the last 12 months the sale value of 2 Elms Drive Morecambe has increased by an estimated £643 (0.3%) and its rental value has increased by an estimated £32 per month (3.5%), giving an expected gross yield of 5.1%.
According to data from HM Land Registry, 2, Elms Drive, Morecambe sits on a plot of 128m2.
We have plot size data on 18 out of 19 other houses in the postcode and 2, Elms Drive, Morecambe sits on the 19th largest plot.
According to HM Land Registry, 2, Elms Drive, Morecambe was last sold on 22nd December 2011 for £125,000 and was recorded as a leasehold house.
The property has had 2 sales since 1995.
Since December 2011, the market for similar properties has risen 21.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Elms Drive, Morecambe within a radius of 580 metres over the last 2 years.
The most recent example is 14, Ellis Drive, Morecambe, LA4 6DN, a freehold house which sold for £190,000 on the 18th June 2024.
Read more about house prices in LA4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Elms Drive, Morecambe, LA4 has a total of 46 addresses. According to our analysis of all the public data, 2, Elms Drive, Morecambe is the 38th largest and the 39th most expensive property on the street.
When compared to the postcode district it is £25k more expensive than the average property in LA4.
The closest station to 2, Elms Drive, Morecambe is Bare Lane station which is 400 metres 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 2, Elms Drive, Morecambe, 59.9% of property is privately owned outright and 24.5% 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 2, Elms Drive, Morecambe, 10.0% of residents are recorded as possessing school level qualifications and 37.4% 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 2, Elms Drive, Morecambe, the average age was 53.7 and the most common age was 72.
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 2, Elms Drive, Morecambe, 2.6% 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 2, Elms Drive, Morecambe, 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.
