31, Norwood Drive
31, Norwood Drive
Description & Estimates
31, Norwood Drive, Morecambe is recorded publicly as an early-century freehold house across 1,442 ft2 of internal area, sitting on a 301 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 31, Norwood Drive, Morecambe is £280,409 and its rental estimate is £1,014 per month, given the available information and assuming reasonable condition.
Norwood Drive, Morecambe, LA4 falls within the LA4 postal district, in the borough of Lancaster.
Our Data Sources
31, Norwood Drive, Morecambe has a single entry in the Land Registry from May 2018 and a single entry in the EPC database dated May 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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 31, Norwood Drive, Morecambe, we estimate a market value of £294,429 and a rental value of £1,065 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £260,780 and £943 per month respectively.
Recent Market Change
Over the last year, 31, Norwood Drive, Morecambe has seen its estimated sale value decrease by £1,178 (0.4%) and its estimated rental value grow by £33 per month (3.3%). This results in an estimated gross rental yield of 4.3%.
Plot Size
HM Land Registry records the plot of land for 31, Norwood Drive, Morecambe as measuring 301 m2.
That makes it the 10th largest plot in the postcode, where 35 of the 40 other houses have recorded plot data.
Energy Efficiency
31, Norwood Drive, Morecambe has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 May 2017.
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 31, Norwood Drive, Morecambe completed on 18th May 2018 at £245,000 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 14.4% over the period since May 2018.
- Sold May 2018£245,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 31, Norwood Drive, Morecambe have sold within a radius of 650 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 31st July 2024, was 8, Homfray Avenue, Morecambe, LA3 3AG, a freehold house which sold for £260,000.
Read more about house prices in LA4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 76 addresses on Norwood Drive, Morecambe, LA4, 31, Norwood Drive, Morecambe comes out as the 7th largest and the 8th most expensive in our analysis of the public data.
It is also £88k more expensive than the average property across the LA4 district.
More reading links
Schools Nearby
- 500mMorecambe and Heysham Torrisholme Community Primary School
- 600mMorecambe and Heysham Grosvenor Park Primary School
- 900mGreat Wood Primary School
- 1.7kmMorecambe Bay Academy
- 2.3kmOur Lady's Catholic College
- 2.8kmLancaster Girls' Grammar School
More reading links
Public Transport Nearby
From 31, Norwood Drive, Morecambe, the nearest station is Bare Lane, 1.2 kilometres away.
- 1.2kmBare Lane
- 2.4kmLancaster
- 2.5kmMorecambe
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.
