Flat 4, 5
Flat 4, 5
Description & Estimates
Flat 4, 5, Park Street, Morecambe is recorded publicly as a period leasehold apartment across 548 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 4, 5, Park Street, Morecambe is £80,549 and its rental estimate is £590 per month, given the available information and assuming reasonable condition.
5, Park Street is a residential building on Park Street, Morecambe, LA4 and falls within the LA4 postal district and the borough of Lancaster.
Our Data Sources
Flat 4, 5, Park Street, Morecambe has a single entry in the Land Registry from July 2019 and a single entry in the EPC database dated August 2019.
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.
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 4, 5, Park Street, Morecambe, we estimate a market value of £84,577 and a rental value of £619 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £74,911 and £548 per month respectively.
Recent Market Change
Over the last year, Flat 4, 5, Park Street, Morecambe has seen its estimated sale value drop by £116 (0.1%) and its estimated rental value rise by £21 per month (3.5%). This results in an estimated gross rental yield of 8.8%.
Energy Efficiency
Flat 4, 5, Park Street, Morecambe has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 07 Aug 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using No system present: electric heaters assumed.
Sold Prices
The most recent sale of Flat 4, 5, Park Street, Morecambe completed on 29th July 2019 at £55,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 12.5% over the period since July 2019.
- Sold Jul 2019£55,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 4, 5, Park Street, Morecambe have sold within a radius of 630 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 18th October 2023, was Flat 3, 5, Park Street, Morecambe, LA4 6BN, a leasehold flat which sold for £83,000.
Read more about house prices in LA4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 52 addresses on Park Street, Morecambe, LA4, Flat 4, 5, Park Street, Morecambe comes out as the 40th largest and the 42nd most expensive in our analysis of the public data.
It is also £112k less expensive than the average property across the LA4 district.
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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
From Flat 4, 5, Park Street, Morecambe, the nearest station is Bare Lane, 500 metres away.
- 500mBare Lane
- 2.0kmMorecambe
- 3.9kmLancaster
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 medium, based on Environment Agency data.
