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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, 48A, Balmoral Road, Morecambe is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 619 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 48A, Balmoral Road, Morecambe is £88,830 and the estimated rental value is £621 per month.
The apartment is within 48, Balmoral Road, Morecambe, LA4.
Balmoral Road, Morecambe, LA4 is located in the borough of Lancaster within the LA4 postal district.
48A, Balmoral Road, Morecambe has 21 entries in the Land Registry , most recently in May 2024 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 48A, Balmoral Road, Morecambe is in very good condition we estimate a sale value of £93,272 and a rental value of £653 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £82,612 and a rental value of £578 per month.
Over the last 12 months the sale value of 48A Balmoral Road Morecambe has increased by an estimated £634 (0.7%) and its rental value has increased by an estimated £27 per month (4.4%), giving an expected gross yield of 8.4%.
According to HM Land Registry, 48A, Balmoral Road, Morecambe was last sold on 1st May 2024 for £82,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2024, the market for similar properties has risen 27.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 48A, Balmoral Road, Morecambe within a radius of 430 metres over the last 2 years.
The most recent example is Flat 1, 4, Balmoral Road, Morecambe, LA4 4JN, a leasehold flat which sold for £72,000 on the 25th October 2024.
Read more about house prices in LA4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Balmoral Road, Morecambe, LA4 has a total of 110 addresses. According to our analysis of all the public data, 48A, Balmoral Road, Morecambe is the 87th largest and the 88th most expensive property on the street.
When compared to the postcode district it is £104k less expensive than the average property in LA4.
The closest station to 48A, Balmoral Road, Morecambe is Morecambe station which is 600 metres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast 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 48A, Balmoral Road, Morecambe, 40.7% of property is privately rented and 22.0% is privately owned outright.
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 48A, Balmoral Road, Morecambe, 18.6% of residents are recorded as possessing school level qualifications and 27.9% 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 48A, Balmoral Road, Morecambe, the average age was 40.4 and the most common age was 37.
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 48A, Balmoral Road, Morecambe, 1.1% 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 48A, Balmoral Road, Morecambe, there are an average of 0.8 cars per household.
See below for how this compares to North West and the rest of England & Wales.
