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According to the public record, Flat 2, 344, Marine Road Central, Morecambe is a period leasehold apartment with 818 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 2, 344, Marine Road Central, Morecambe is £228,986 and the estimated rental value is £990 per month.
The apartment is within 344, Marine Road Central, Morecambe, LA4.
Marine Road Central, Morecambe, LA4 is located in the borough of Lancaster within the LA4 postal district.
Flat 2, 344, Marine Road Central, Morecambe has 2 entries in the Land Registry , most recently in October 2023 and a single entry in the EPC database dated July 2023.
We combine this information with that of neighbouring properties to estimate the property 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 Flat 2, 344, Marine Road Central, Morecambe is in very good condition we estimate a sale value of £240,436 and a rental value of £1,040 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £212,957 and a rental value of £921 per month.
Over the past 12 months, the estimated sale value of Flat 2, 344, Marine Road Central, Morecambe has moved down by £329 (0.1%), while its estimated rental value has increased by £35 per month (3.5%). Based on current estimates, the property offers a gross rental yield of 5.2%.
Flat 2, 344, Marine Road Central, Morecambe has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Jul 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Flat 2, 344, Marine Road Central, Morecambe was last sold on 23rd October 2023 for £250,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since October 2023, the market for similar properties has risen by 39.9%.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 344, Marine Road Central, Morecambe within a radius of 570 metres over the last 2 years.
The most recent example is Flat 4, 394, Marine Road East, Morecambe, LA4 5AN, a leasehold flat which sold for £190,000 on the 1st November 2022.
Read more about house prices in LA4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Marine Road Central, Morecambe, LA4 has a total of 88 addresses. According to our analysis of all the public data, Flat 2, 344, Marine Road Central, Morecambe is the 40th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £37k more expensive than the average property in LA4.
The closest station to Flat 2, 344, Marine Road Central, Morecambe is Morecambe station, which is 800 metres 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 Flat 2, 344, Marine Road Central, Morecambe, 36.6% of property is privately owned outright and 36.6% 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 Flat 2, 344, Marine Road Central, Morecambe, 19.1% of residents are recorded as possessing school level qualifications and 26.1% 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 Flat 2, 344, Marine Road Central, 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 Flat 2, 344, Marine Road Central, 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 Flat 2, 344, Marine Road Central, Morecambe, there are an average of 1.0 cars per household.
See below for how this compares to North West and the rest of England & Wales.
