7, First Terrace
7, First Terrace
Description & Estimates
The public record describes 7, First Terrace, Morecambe as a period house with 1,506 ft2 of internal area.
In this area, houses of this size normally have 4 bedrooms with a garden.
7, First Terrace, Morecambe has an estimated sale value of £314,307 and an estimated rental value of £995 per month, assuming reasonable condition and based on the information available.
First Terrace, Sunderland Point, Morecambe, LA3 lies in the borough of Lancaster, within the LA3 postal district.
Our Data Sources
7, First Terrace, Morecambe has no records in the the Land Registry and a single entry in the EPC database dated April 2015.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
In very good condition, we estimate 7, First Terrace, Morecambe would be worth £330,022, with a potential rental value of £1,044 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £292,306, with a rental value of £925 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 7, First Terrace, Morecambe has dropped by £1,321 (0.4%) over the last year. During the same period, its estimated monthly rental value has risen by £33 (3.3%). The property's estimated gross yield is currently 3.8%.
Energy Efficiency
7, First Terrace, Morecambe has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 21 Apr 2015.
The property is not connected to mains gas and has mostly double glazing. It is heated using Boiler and radiators, oil.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 4.7 kilometres of 7, First Terrace, Morecambe across the last 2 years.
Most recently, 17B, Second Terrace, Morecambe, LA3 3HT, a freehold house, sold at £300,000 on the 14th November 2024.
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 7, First Terrace, Morecambe as the 6th largest and the 6th most expensive of the 14 addresses on First Terrace, Sunderland Point, Morecambe, LA3.
Against the LA3 postcode district average, it is £122k more expensive than the typical property.
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Schools Nearby
- 1.7kmThurnham Glasson Christ Church, Church of England Primary School
- 2.4kmOverton St Helen's Church of England Primary School
- 4.5kmTrumacar Nursery and Community Primary School
- 6.7kmRipley St Thomas Church of England Academy
- 7.0kmBay Leadership Academy
- 7.2kmLancaster Girls' Grammar School
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Public Transport Nearby
Heysham Port station is the nearest stop to 7, First Terrace, Morecambe at 4.7 kilometres away.
- 4.7kmHeysham Port
- 7.2kmLancaster
- 8.1kmMorecambe
Risk of Flooding
Environment Agency data suggests this area has a high risk of flooding.
