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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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Public records show Apartment 3, 34, Broadway, Morecambe to be a modern leasehold apartment with 764 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms with a balcony.
Apartment 3, 34, Broadway, Morecambe has an estimated sale value of £236,700 and an estimated rental value of £1,057 per month, assuming reasonable condition and based on the information available.
The apartment sits within 34, Broadway, Morecambe, LA4.
Broadway, Morecambe, LA4 lies in the borough of Lancaster, within the LA4 postal district.
Apartment 3, 34, Broadway, Morecambe has a single entry in the Land Registry from July 2023 and a single entry in the EPC database dated July 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
In very good condition, we estimate Apartment 3, 34, Broadway, Morecambe would be worth £248,535, with a potential rental value of £1,109 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £220,131, with a rental value of £983 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of Apartment 3, 34, Broadway, Morecambe has climbed by £2,910 (1.2%) over the last year. During the same period, its estimated monthly rental value has risen by £52 (4.9%). The property's estimated gross yield is currently 5.4%.
Apartment 3, 34, Broadway, Morecambe has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Jul 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and underfloor heating, mains gas.
Apartment 3, 34, Broadway, Morecambe last changed hands on 10th July 2023, selling for £300,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 33.5% since July 2023.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 560 metres of Apartment 3, 34, Broadway, Morecambe across the last 2 years.
Most recently, Apartment 13, 34, Broadway, Morecambe, LA4 5BJ, a leasehold flat, sold at £270,000 on the 19th April 2024.
Read more about house prices in LA4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks Apartment 3, 34, Broadway, Morecambe as the 126th largest and the 129th most expensive of the 134 addresses on Broadway, Morecambe, LA4.
Against the LA4 postcode district average, it is £44k more expensive than the typical property.
Bare Lane station is the nearest stop to Apartment 3, 34, Broadway, Morecambe at 700 metres away.
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Environment Agency data suggests this area has a very low risk of flooding.
The recent census recorded whether a resident owned or rented their home.
In the area around Apartment 3, 34, Broadway, Morecambe, 55.5% of property is privately owned outright and 32.8% is privately owned with a mortgage.
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 Apartment 3, 34, Broadway, Morecambe, 16.8% of residents are recorded as possessing school level qualifications and 40.6% 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 Apartment 3, 34, Broadway, 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 Apartment 3, 34, Broadway, Morecambe, 0.0% 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 Apartment 3, 34, Broadway, Morecambe, there are an average of 1.5 cars per household.
See below for how this compares to North West and the rest of England & Wales.
