4, Gilstead Avenue
4, Gilstead Avenue
Description & Estimates
The public record lists 4, Gilstead Avenue, Morecambe as a leasehold apartment.
Comparison with its neighbours suggests a modern apartment with 653 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
4, Gilstead Avenue, Morecambe has an estimated sale value of £78,172 and an estimated rental value of £542 per month, assuming reasonable condition and based on the information available.
Gilstead Avenue, Heysham, Morecambe, LA3 lies in the borough of Lancaster, within the LA3 postal district.
Our Data Sources
4, Gilstead Avenue, Morecambe has 41 entries in the Land Registry , most recently in August 2015 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 4, Gilstead Avenue, Morecambe would be worth £82,081, with a potential rental value of £569 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £72,700, with a rental value of £504 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 4, Gilstead Avenue, Morecambe has fallen by £112 (0.1%) over the last year. During the same period, its estimated monthly rental value has moved up by £19 (3.5%). The property's estimated gross yield is currently 8.3%.
Sold Prices
4, Gilstead Avenue, Morecambe last changed hands on 7th August 2015, selling for £64,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold 4 times since 1995.
The market for similar properties has risen by 25.3% since August 2015.
- Sold Aug 2015£64,000
- Sold Aug 2010£64,000
- Sold Jun 2004£53,500
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 730 metres of 4, Gilstead Avenue, Morecambe across the last 2 years.
Most recently, 5, Gilstead Avenue, Morecambe, LA3 2HP, a leasehold flat, sold at £65,000 on the 26th August 2022.
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 4, Gilstead Avenue, Morecambe as the largest and the 4th most expensive of the 8 addresses on Gilstead Avenue, Heysham, Morecambe, LA3.
Against the LA3 postcode district average, it is £114k less expensive than the typical property.
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Schools Nearby
- 200mSt Patrick's Catholic Primary School
- 500mMossgate Primary School
- 1.0kmHeysham St Peter's Church of England Primary School
- 1.4kmBay Leadership Academy
- 3.7kmMorecambe Bay Academy
- 5.2kmLancaster Girls' Grammar School
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Public Transport Nearby
Heysham Port station is the nearest stop to 4, Gilstead Avenue, Morecambe at 2.6 kilometres away.
- 2.6kmHeysham Port
- 2.6kmMorecambe
- 4.3kmBare 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.
