7, Gilstead Avenue
7, Gilstead Avenue
Description & Estimates
7, Gilstead Avenue, Morecambe is recorded publicly as a modern leasehold apartment across 592 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 7, Gilstead Avenue, Morecambe is £75,318 and its rental estimate is £539 per month, given the available information and assuming reasonable condition.
Gilstead Avenue, Heysham, Morecambe, LA3 falls within the LA3 postal district, in the borough of Lancaster.
Our Data Sources
7, Gilstead Avenue, Morecambe has 21 entries in the Land Registry , most recently in August 2014 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 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 7, Gilstead Avenue, Morecambe, we estimate a market value of £79,084 and a rental value of £566 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £70,046 and £501 per month respectively.
Recent Market Change
Over the last year, 7, Gilstead Avenue, Morecambe has seen its estimated sale value fall by £108 (0.1%) and its estimated rental value move up by £19 per month (3.5%). This results in an estimated gross rental yield of 8.6%.
Energy Efficiency
7, Gilstead Avenue, Morecambe has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Jun 2024.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Sold Prices
The most recent sale of 7, Gilstead Avenue, Morecambe completed on 29th August 2014 at £67,500 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 28.5% over the period since August 2014.
- Sold Aug 2014£67,500
- Sold Apr 1999£26,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 7, Gilstead Avenue, Morecambe have sold within a radius of 730 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 26th August 2022, was 5, Gilstead Avenue, Morecambe, LA3 2HP, a leasehold flat which sold for £65,000.
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
Of the 8 addresses on Gilstead Avenue, Heysham, Morecambe, LA3, 7, Gilstead Avenue, Morecambe comes out as the 2nd largest and the 5th most expensive in our analysis of the public data.
It is also £117k less expensive than the average property across the LA3 district.
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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
More reading links
Public Transport Nearby
From 7, Gilstead Avenue, Morecambe, the nearest station is Heysham Port, 2.6 kilometres away.
- 2.6kmHeysham Port
- 2.6kmMorecambe
- 4.3kmBare Lane
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.
