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According to the public record, 296A, Lancaster Road, Morecambe is a period apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 296A, Lancaster Road, Morecambe is £78,958 and the estimated rental value is £559 per month.
Lancaster Road, Morecambe, LA4 is located in the borough of Lancaster within the LA4 postal district.
296A, Lancaster Road, Morecambe has no records in the the Land Registry and a single entry in the EPC database dated November 2022.
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.
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 296A, Lancaster Road, Morecambe is in very good condition we estimate a sale value of £82,906 and a rental value of £586 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £73,431 and a rental value of £519 per month.
Over the last 12 months the sale value of 296A Lancaster Road Morecambe has increased by an estimated £947 (1.2%) and its rental value has increased by an estimated £23 per month (4.0%), giving an expected gross yield of 8.5%.
296A, Lancaster Road, Morecambe has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Nov 2022.
The property is not connected to mains gas and has mostly double glazing. It is heated using Electric storage heaters.
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 590 metres radius of 296A, Lancaster Road, Morecambe over the last 2 years.
The most recent example is 12, Old Penny Gardens, Morecambe, LA4 6UZ, a freehold house which sold for £177,500 on the 16th April 2021.
Read more about house prices in LA4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lancaster Road, Morecambe, LA4 has a total of 281 addresses. According to our analysis of all the public data, 296A, Lancaster Road, Morecambe is the 271st largest and the 276th most expensive property on the street.
When compared to the postcode district it is £115k less expensive than the average property in LA4.
The closest station to 296A, Lancaster Road, Morecambe is Bare Lane station which is 1.0 kilometres 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 296A, Lancaster Road, Morecambe, 35.9% of property is privately owned outright and 34.2% 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 296A, Lancaster Road, Morecambe, 12.0% of residents are recorded as possessing school level qualifications and 23.9% 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 296A, Lancaster Road, Morecambe, the average age was 43.1 and the most common age was 52.
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 296A, Lancaster Road, Morecambe, 0.4% 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 296A, Lancaster Road, Morecambe, there are an average of 1.1 cars per household.
See below for how this compares to North West and the rest of England & Wales.