Flat 3, 14
Flat 3, 14
Description & Estimates
The public record lists Flat 3, 14, Park Street, Morecambe as a leasehold apartment.
Comparison with its neighbours suggests a period apartment with 660 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 3, 14, Park Street, Morecambe has an estimated sale value of £92,984 and an estimated rental value of £630 per month, assuming reasonable condition and based on the information available.
The apartment sits within 14, Park Street, Morecambe, LA4.
Park Street, Morecambe, LA4 lies in the borough of Lancaster, within the LA4 postal district.
Our Data Sources
Flat 3, 14, Park Street, Morecambe has 2 entries in the Land Registry , most recently in February 2008 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 1 out of 5 and is considered of low accuracy.
Price Range & Condition
In very good condition, we estimate Flat 3, 14, Park Street, Morecambe would be worth £97,633, with a potential rental value of £661 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £86,475, with a rental value of £586 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 3, 14, Park Street, Morecambe has dropped by £134 (0.1%) over the last year. During the same period, its estimated monthly rental value has risen by £22 (3.5%). The property's estimated gross yield is currently 8.1%.
Sold Prices
Flat 3, 14, Park Street, Morecambe last changed hands on 1st February 2008, selling for £60,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 1.9% since February 2008.
- Sold Feb 2008£60,000
- Sold Feb 2008£60,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 620 metres of Flat 3, 14, Park Street, Morecambe across the last 2 years.
Most recently, Flat 41, Lakeland House, Marine Road East, Morecambe, LA4 6AY, a leasehold flat, sold at £35,000 on the 28th February 2024.
Read more about house prices in LA4.
- Sold Feb 2024£35,000 | 2 Bed FlatFlat 41, Lakeland House, Marine Road East, Morecambe, LA4 6AYFlat 41, Lakeland House, Marine Road East, Morecambe, LA4 6AY
- Sold Jan 2024£63,000 | 2 Bed FlatFlat 44, Lakeland House, Marine Road East, Morecambe, LA4 6AYFlat 44, Lakeland House, Marine Road East, Morecambe, LA4 6AY
- Sold Dec 2021£75,000 | 2 Bed Flat23A, Park Street, Morecambe, LA4 6BN23A, Park Street, Morecambe, LA4 6BN
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks Flat 3, 14, Park Street, Morecambe as the 25th largest and the 29th most expensive of the 52 addresses on Park Street, Morecambe, LA4.
Against the LA4 postcode district average, it is £99k less expensive than the typical property.
More reading links
Schools Nearby
- 700mGreat Wood Primary School
- 900mSt Mary's Catholic Primary School, Morecambe
- 1.1kmLancaster Road Primary School
- 600mMorecambe Bay Academy
- 3.1kmBay Leadership Academy
- 3.7kmOur Lady's Catholic College
More reading links
Public Transport Nearby
Bare Lane station is the nearest stop to Flat 3, 14, Park Street, Morecambe at 500 metres away.
- 500mBare Lane
- 2.0kmMorecambe
- 3.9kmLancaster
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
