Flat 4, Princes Gardens
Flat 4, Princes Gardens
Description & Estimates
According to the public record, Flat 4, Princes Gardens, Morecambe is a modern leasehold apartment with 656 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 4, Princes Gardens, Morecambe is £150,572 and the estimated rental value is £714 per month.
The apartment is within Princes Gardens, Bare Lane, Morecambe, LA4.
Bare Lane, Morecambe, LA4 is located in the borough of Lancaster within the LA4 postal district.
Our Data Sources
Flat 4, Princes Gardens, Morecambe has 31 entries in the Land Registry , most recently in March 2015 and a single entry in the EPC database dated September 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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 4, Princes Gardens, Morecambe is in very good condition we estimate a sale value of £158,100 and a rental value of £750 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £140,032 and a rental value of £664 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 4, Princes Gardens, Morecambe has declined by £216 (0.1%), while its estimated rental value has climbed by £25 per month (3.5%). Based on current estimates, the property offers a gross rental yield of 5.7%.
Energy Efficiency
Flat 4, Princes Gardens, Morecambe has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Sep 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, Flat 4, Princes Gardens, Morecambe was last sold on 27th March 2015 for £128,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since March 2015, the market for similar properties has dropped by 16.3%.
- Sold Mar 2015£128,500
- Sold Oct 1998£55,000
- Sold Nov 1997£53,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, Princes Gardens, Morecambe within a radius of 560 metres over the last 2 years.
The most recent example is Flat 2, Princes Gardens, Bare Lane, Morecambe, LA4 6RS, a leasehold flat which sold for £155,000 on the 16th May 2024.
Read more about house prices in LA4.
- Sold May 2024£155,000 | 2 Bed FlatPrinces Gardens, Bare LaneFlat 2, Princes Gardens, Bare Lane, Morecambe, LA4 6RS
- Sold Jul 2022£155,000 | 2 Bed FlatPrinces Gardens, Bare LaneFlat 8, Princes Gardens, Bare Lane, Morecambe, LA4 6RS
- Sold Apr 2022£168,000 | 2 Bed FlatPrinces Gardens, Bare LaneFlat 5, Princes Gardens, Bare Lane, Morecambe, LA4 6RS
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Bare Lane, Morecambe, LA4 has a total of 194 addresses. According to our analysis of all the public data, Flat 4, Princes Gardens, Morecambe is the 174th largest and the 150th most expensive property on the street.
When compared to the postcode district it is £42k less expensive than the average property in LA4.
More reading links
Schools Nearby
- 200mGreat Wood Primary School
- 300mMorecambe and Heysham Torrisholme Community Primary School
- 900mLancaster Road Primary School
- 1.1kmMorecambe Bay Academy
- 2.8kmOur Lady's Catholic College
- 3.1kmBay Leadership Academy
More reading links
Public Transport Nearby
The closest station to Flat 4, Princes Gardens, Morecambe is Bare Lane station, which is 500 metres away.
- 500mBare Lane
- 2.3kmMorecambe
- 3.0kmLancaster
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 very low.
