5, Gilstead Avenue
5, Gilstead Avenue
Description & Estimates
According to the public record, 5, Gilstead Avenue, Morecambe is a modern leasehold apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 5, Gilstead Avenue, Morecambe is £75,318 and the estimated rental value is £539 per month.
Gilstead Avenue, Heysham, Morecambe, LA3 is located in the borough of Lancaster within the LA3 postal district.
Our Data Sources
5, Gilstead Avenue, Morecambe has 31 entries in the Land Registry , most recently in August 2022 and a single entry in the EPC database dated January 2021.
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
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 5, Gilstead Avenue, Morecambe is in very good condition we estimate a sale value of £79,084 and a rental value of £566 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £70,046 and a rental value of £501 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 5, Gilstead Avenue, Morecambe has declined by £108 (0.1%), while its estimated rental value has climbed by £19 per month (3.5%). Based on current estimates, the property offers a gross rental yield of 8.6%.
Energy Efficiency
5, Gilstead Avenue, Morecambe has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Jan 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
According to HM Land Registry, 5, Gilstead Avenue, Morecambe was last sold on 26th August 2022 for £65,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since August 2022, the market for similar properties has dropped by 1.0%.
- Sold Aug 2022£65,000
- Sold Feb 2012£67,000
- Sold Jan 2005£45,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Gilstead Avenue, Morecambe within a radius of 730 metres over the last 2 years.
The most recent example is 4, Gilstead Avenue, Morecambe, LA3 2HP, a leasehold flat which sold for £64,000 on the 7th August 2015.
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
Gilstead Avenue, Heysham, Morecambe, LA3 has a total of 8 addresses. According to our analysis of all the public data, 5, Gilstead Avenue, Morecambe is the 3rd largest and the 6th most expensive property on the street.
When compared to the postcode district it is £117k less expensive than the average property in LA3.
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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
The closest station to 5, Gilstead Avenue, Morecambe is Heysham Port station, which is 2.6 kilometres away.
- 2.6kmHeysham Port
- 2.6kmMorecambe
- 4.3kmBare Lane
Available Internet Speeds
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.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
