Flat 501, Queen Square
Flat 501, Queen Square
Description & Estimates
According to the public record, Flat 501, Queen Square, Morecambe is a modern leasehold apartment with 678 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 501, Queen Square, Morecambe is £174,715 and the estimated rental value is £819 per month.
The apartment is within Queen Square, Station Road, Morecambe, LA4.
Station Road, Morecambe, LA4 is located in the borough of Lancaster within the LA4 postal district.
Our Data Sources
Flat 501, Queen Square, Morecambe has 2 entries in the Land Registry , most recently in September 2020 and a single entry in the EPC database dated May 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
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 501, Queen Square, Morecambe is in very good condition we estimate a sale value of £183,451 and a rental value of £860 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £162,485 and a rental value of £762 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 501, Queen Square, Morecambe has declined by £251 (0.1%), while its estimated rental value has climbed by £29 per month (3.5%). Based on current estimates, the property offers a gross rental yield of 5.6%.
Energy Efficiency
Flat 501, Queen Square, Morecambe has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 May 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Sold Prices
According to HM Land Registry, Flat 501, Queen Square, Morecambe was last sold on 10th September 2020 for £68,659 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since September 2020, the market for similar properties has risen by 65.4%.
- Sold Sep 2020£68,659
- Sold Oct 2009£134,995
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 501, Queen Square, Morecambe within a radius of 420 metres over the last 2 years.
The most recent example is Flat 402, Queen Square, Station Road, Morecambe, LA4 5JL, a leasehold flat which sold for £47,500 on the 30th January 2024.
Read more about house prices in LA4.
- Sold Jan 2024£47,500 | 2 Bed FlatQueen Square, Station RoadFlat 402, Queen Square, Station Road, Morecambe, LA4 5JL
- Sold Jan 2024£50,000 | 2 Bed FlatQueen Square, Station RoadFlat 401, Queen Square, Station Road, Morecambe, LA4 5JL
- Sold Oct 2023£55,000 | 2 Bed FlatQueen Square, Station RoadFlat 207, Queen Square, Station Road, Morecambe, LA4 5JL
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Station Road, Morecambe, LA4 has a total of 42 addresses. According to our analysis of all the public data, Flat 501, Queen Square, Morecambe is the 9th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £18k less expensive than the average property in LA4.
More reading links
Schools Nearby
- 100mMorecambe Bay Community Primary School
- 400mPoulton-le-Sands Church of England Primary School
- 600mSt Mary's Catholic Primary School, Morecambe
- 900mMorecambe Bay Academy
- 1.7kmBay Leadership Academy
- 4.4kmOur Lady's Catholic College
More reading links
Public Transport Nearby
The closest station to Flat 501, Queen Square, Morecambe is Morecambe station, which is 600 metres away.
- 600mMorecambe
- 1.7kmBare Lane
- 4.4kmLancaster
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.
