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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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Flat 502, Queen Square, Morecambe is recorded publicly as a modern leasehold apartment across 710 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 502, Queen Square, Morecambe is £178,993 and its rental estimate is £824 per month, given the available information and assuming reasonable condition.
Queen Square, Station Road is a residential building on Station Road, Morecambe, LA4 and falls within the LA4 postal district and the borough of Lancaster.
Flat 502, Queen Square, Morecambe has a single entry in the Land Registry from August 2009 and a single entry in the EPC database dated March 2024.
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.
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 502, Queen Square, Morecambe, we estimate a market value of £187,943 and a rental value of £865 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £166,464 and £766 per month respectively.
Over the last year, Flat 502, Queen Square, Morecambe has seen its estimated sale value drop by £257 (0.1%) and its estimated rental value rise by £29 per month (3.5%). This results in an estimated gross rental yield of 5.5%.
Flat 502, Queen Square, Morecambe has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Mar 2024.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The most recent sale of Flat 502, Queen Square, Morecambe completed on 12th August 2009 at £136,995 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 77.5% over the period since August 2009.
Over the past 2 years 3 properties similar to Flat 502, Queen Square, Morecambe have sold within a radius of 420 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 30th January 2024, was Flat 402, Queen Square, Station Road, Morecambe, LA4 5JL, a leasehold flat which sold for £47,500.
Read more about house prices in LA4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 42 addresses on Station Road, Morecambe, LA4, Flat 502, Queen Square, Morecambe comes out as the 7th largest and the 7th most expensive in our analysis of the public data.
It is also £13k less expensive than the average property across the LA4 district.
From Flat 502, Queen Square, Morecambe, the nearest station is Morecambe, 600 metres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 502, Queen Square, Morecambe, 78.3% of property is privately rented and 8.4% is privately owned outright.
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 502, Queen Square, Morecambe, 24.2% of residents are recorded as possessing school level qualifications and 13.8% 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 502, Queen Square, 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 502, Queen Square, Morecambe, 0.0% 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 502, Queen Square, Morecambe, there are an average of 0.5 cars per household.
See below for how this compares to North West and the rest of England & Wales.
