According to the public record, Flat A, 1, Beach Street, Morecambe is a period leasehold apartment and with 1,539 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 1, Beach Street, Morecambe, LA4.
Beach Street, Morecambe, LA4 is located in the borough of Lancaster within the LA4 postal district.
Flat A, 1, Beach Street, Morecambe has 2 entries in the Land Registry database, most recently in August 2021 and no records in the EPC database.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat A 1 Beach Street Morecambe as £180,978 and the rental value as £698 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of Flat A 1 Beach Street Morecambe has increased by £4,383 (2.4%) and its rental value has increased by £37 per month (5.4%).
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 A, 1, Beach Street, Morecambe is in very good condition we estimate a sale value of £190,027 and rental value of £733 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £168,310 and a rental value of £649 per month.
If you were able to purchase this property for the estimated value of £180,978, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £889 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, Flat A, 1, Beach Street, Morecambe was last sold on 06 Aug 2021 for £160,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2021, the market for similar properties has risen 13.0%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 22m radius of Flat A, 1, Beach Street, Morecambe over the last 2 years.
The most recent example is 464, Marine Road East, Morecambe, LA4 6AE, a Freehold house which sold for £350,000 in Dec 2023.
Read more about house prices in LA4.
Beach Street, Morecambe, LA4 has a total of 75 addresses. According to our analysis of all the public data, Flat A, 1, Beach Street, Morecambe is the 11th largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £11k less expensive than the average property in LA4.
Flat A, 1, Beach Street, Morecambe has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 13 Oct 2020.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to Flat A, 1, Beach Street, Morecambe is Bare Lane station which is 500 m away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat A, 1, Beach Street, Morecambe, 36.8% of property is privately owned with a mortgage and 34.4% is privately owned outright.
The graph below shows how this compares to Greater London 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 A, 1, Beach Street, Morecambe, 16.0% of residents are recorded as possessing school level qualifications and 36.1% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat A, 1, Beach Street, Morecambe, the average age was 53.7 and the most common age was 72.
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 A, 1, Beach Street, 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 A, 1, Beach Street, Morecambe, there are an average of 1.1 cars per household.
See below for how this compares to North West and the rest of England & Wales.