Flat 2, 2
Flat 2, 2
Description & Estimates
Flat 2, 2, Penrith Avenue, Morecambe is described in the public record as an early-century apartment with 699 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 2, 2, Penrith Avenue, Morecambe is £144,121 and its rental estimate is £667 per month, given the available information and assuming reasonable condition.
2, Penrith Avenue is a residential building on Penrith Avenue, Heysham, Morecambe, LA3 and falls within the LA3 postal district and the borough of Lancaster.
Our Data Sources
Flat 2, 2, Penrith Avenue, Morecambe has no records in the the Land Registry and a single entry in the EPC database dated November 2023.
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.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 2, 2, Penrith Avenue, Morecambe, we estimate a market value of £151,327 and a rental value of £701 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £134,033 and £621 per month respectively.
Recent Market Change
Over the last year, Flat 2, 2, Penrith Avenue, Morecambe has seen its estimated sale value decrease by £207 (0.1%) and its estimated rental value grow by £24 per month (3.5%). This results in an estimated gross rental yield of 5.6%.
Energy Efficiency
Flat 2, 2, Penrith Avenue, Morecambe has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Nov 2023.
The property is connected to mains gas and has mostly double glazing. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Over the past 2 years 1 property similar to Flat 2, 2, Penrith Avenue, Morecambe has sold within a radius of 650 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 25th June 2010, was Ground Floor Flat, 10, Knowlys Grove, Morecambe, LA3 2NX, a leasehold flat which sold for £69,250.
Read more about house prices in LA3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 16 addresses on Penrith Avenue, Heysham, Morecambe, LA3, Flat 2, 2, Penrith Avenue, Morecambe comes out as the 16th largest and the 16th most expensive in our analysis of the public data.
It is also £48k less expensive than the average property across the LA3 district.
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Schools Nearby
- 400mMossgate Primary School
- 700mSt Patrick's Catholic Primary School
- 700mHeysham St Peter's Church of England Primary School
- 1.5kmBay Leadership Academy
- 4.0kmMorecambe Bay Academy
- 5.9kmLancaster Girls' Grammar School
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Public Transport Nearby
From Flat 2, 2, Penrith Avenue, Morecambe, the nearest station is Heysham Port, 2.3 kilometres away.
- 2.3kmHeysham Port
- 2.7kmMorecambe
- 4.7kmBare Lane
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
