Flat 1, 45
Flat 1, 45
Description & Estimates
According to the public record, Flat 1, 45, Fairfield Road, Morecambe is an early-century Leasehold apartment with 473 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 Flat 1, 45, Fairfield Road, Morecambe is £175,954 and the estimated rental value is £918 per month.
The apartment is within 45, Fairfield Road, Heysham, Morecambe, LA3.
Fairfield Road, Heysham, Morecambe, LA3 is located in the borough of Lancaster within the LA3 postal district.
Our Data Sources
Flat 1, 45, Fairfield Road, Morecambe has 21 entries in the Land Registry , most recently in February 2007 and a single entry in the EPC database dated March 2016.
We combine this information with that 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.
Price Range & Condition
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 Flat 1, 45, Fairfield Road, Morecambe is in very good condition we estimate a sale value of £184,751 and a rental value of £964 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £163,637 and a rental value of £854 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 1, 45, Fairfield Road, Morecambe has risen by £1,257 (0.7%), while its estimated rental value has moved up by £40 per month (4.4%). Based on current estimates, the property offers a gross rental yield of 6.3%.
Energy Efficiency
Flat 1, 45, Fairfield Road, Morecambe has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 Mar 2016.
The property is connected to mains gas and has partial double glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, Flat 1, 45, Fairfield Road, Morecambe was last sold on 9th February 2007 for £140,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since February 2007, the market for similar properties has risen by 7.0%.
- Sold Feb 2007£140,000
- Sold Jul 2002£48,000
Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within 430 metres of Flat 1, 45, Fairfield Road, Morecambe over the last 2 years.
The most recent example is 51, Fairfield Road, Morecambe, LA3 1ES, a freehold house which sold for £153,000 on the 26th August 2020.
Read more about house prices in LA3.
- Sold Aug 2020£153,000 | 4 Bed House51, Fairfield Road, Morecambe, LA3 1ES51, Fairfield Road, Morecambe, LA3 1ES
- Sold Oct 2018£103,500 | 4 Bed House39, Fairfield Road, Morecambe, LA3 1ES39, Fairfield Road, Morecambe, LA3 1ES
- Sold Dec 2007£124,000 | 4 Bed House43, Fairfield Road, Morecambe, LA3 1ES43, Fairfield Road, Morecambe, LA3 1ES
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Fairfield Road, Heysham, Morecambe, LA3 has a total of 135 addresses. According to our analysis of all the public data, Flat 1, 45, Fairfield Road, Morecambe is the 132nd largest and the 85th most expensive property on the street.
When compared to the postcode district it is £16k less expensive than the average property in LA3.
More reading links
Schools Nearby
- 200mMorecambe and Heysham Sandylands Community Primary School
- 700mWest End Primary School
- 1.1kmMossgate Primary School
- 500mBay Leadership Academy
- 2.9kmMorecambe Bay Academy
- 5.6kmOur Lady's Catholic College
More reading links
Public Transport Nearby
The closest station to Flat 1, 45, Fairfield Road, Morecambe is Morecambe station, which is 1.6 kilometres away.
- 1.6kmMorecambe
- 3.5kmHeysham Port
- 3.7kmBare Lane
Available Internet Speeds
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.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be low.
