2, Old Penny Gardens
2, Old Penny Gardens
Description & Estimates
2, Old Penny Gardens, Morecambe is recorded publicly as a modern freehold house across 1,054 ft2 of internal area, sitting on a 178 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 2, Old Penny Gardens, Morecambe is £224,612 and its rental estimate is £994 per month, given the available information and assuming reasonable condition.
Old Penny Gardens, Morecambe, LA4 falls within the LA4 postal district, in the borough of Lancaster.
Our Data Sources
2, Old Penny Gardens, Morecambe has 41 entries in the Land Registry , most recently in March 2025 and a single entry in the EPC database dated June 2024.
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 2, Old Penny Gardens, Morecambe, we estimate a market value of £235,843 and a rental value of £1,044 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £208,889 and £925 per month respectively.
Recent Market Change
Over the last year, 2, Old Penny Gardens, Morecambe has seen its estimated sale value decline by £837 (0.4%) and its estimated rental value climb by £33 per month (3.3%). This results in an estimated gross rental yield of 5.3%.
Plot Size
HM Land Registry records the plot of land for 2, Old Penny Gardens, Morecambe as measuring 178 m2.
That makes it the 7th largest plot in the postcode, where all 18 other houses have recorded plot data.
Energy Efficiency
2, Old Penny Gardens, Morecambe has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Jun 2024.
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 2, Old Penny Gardens, Morecambe completed on 24th March 2025 at £225,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 4 times.
Values of comparable properties have dropped by 15.7% over the period since March 2025.
- Sold Mar 2025£225,000
- Sold Jul 2012£174,950
- Sold Oct 2003£129,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2, Old Penny Gardens, Morecambe have sold within a radius of 580 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 8th April 2025, was 16, Old Penny Gardens, Morecambe, LA4 6UZ, a freehold house which sold for £224,000.
Read more about house prices in LA4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 18 addresses on Old Penny Gardens, Morecambe, LA4, 2, Old Penny Gardens, Morecambe comes out as the 3rd largest and the 3rd most expensive in our analysis of the public data.
It is also £32k more expensive than the average property across the LA4 district.
More reading links
Schools Nearby
- 300mMorecambe and Heysham Torrisholme Community Primary School
- 700mGreat Wood Primary School
- 900mMorecambe and Heysham Grosvenor Park Primary School
- 1.4kmMorecambe Bay Academy
- 2.5kmOur Lady's Catholic College
- 3.0kmBay Leadership Academy
More reading links
Public Transport Nearby
From 2, Old Penny Gardens, Morecambe, the nearest station is Bare Lane, 1.0 kilometres away.
- 1.0kmBare Lane
- 2.4kmMorecambe
- 2.6kmLancaster
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.
