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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 89, Bare Lane, Morecambe is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a early-century apartment with 474 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 89, Bare Lane, Morecambe is £113,287 and the estimated rental value is £570 per month.
The apartment is within 89, Bare Lane, Morecambe, LA4.
Bare Lane, Morecambe, LA4 is located in the borough of Lancaster within the LA4 postal district.
89, Bare Lane, Morecambe has a single entry in the Land Registry from September 2020 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.
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 89, Bare Lane, Morecambe is in very good condition we estimate a sale value of £118,951 and a rental value of £598 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £105,357 and a rental value of £530 per month.
Over the last 12 months the sale value of 89 Bare Lane Morecambe has increased by an estimated £1,359 (1.2%) and its rental value has increased by an estimated £23 per month (4.0%), giving an expected gross yield of 6%.
According to HM Land Registry, 89, Bare Lane, Morecambe was last sold on 18th September 2020 for £62,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since September 2020, the market for similar properties has risen 8.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 89, Bare Lane, Morecambe within a radius of 530 metres over the last 2 years.
The most recent example is 25A, Pemberton Drive, Morecambe, LA4 6SL, a leasehold flat which sold for £70,000 on the 10th January 2017.
Read more about house prices in LA4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bare Lane, Morecambe, LA4 has a total of 194 addresses. According to our analysis of all the public data, 89, Bare Lane, Morecambe is the 192nd largest and the 180th most expensive property on the street.
When compared to the postcode district it is £80k less expensive than the average property in LA4.
The closest station to 89, Bare Lane, Morecambe is Bare Lane station which is 200 metres away.
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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 89, Bare Lane, Morecambe, 49.5% of property is privately owned outright and 25.7% is privately rented.
The graph below shows how this compares to North West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 89, Bare Lane, Morecambe, 12.6% of residents are recorded as possessing school level qualifications and 36.4% as possessing degree level qualifications.
The graph below shows how this compares to North West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 89, Bare Lane, Morecambe, the average age was 53.7 and the most common age was 72.
The graph below shows how this compares to North West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 89, Bare Lane, Morecambe, 0.9% of property was a second home.
Comparison figures for North West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 89, Bare Lane, Morecambe, there are an average of 1.2 cars per household.
See below for how this compares to North West and the rest of England & Wales.
