Flat 1, 18 Marine Road West, Morecambe, LA3 1BU is a leasehold flat built before 1900. The property offers approximately 560 square feet of living space. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £60,000 , which equates to approximately £107 per square foot. It was last sold on 31 Aug 2016 for £48,000. Since then, the value has increased by £12,000, representing a 25.0% increase, or approximately 2.7% per year.

The current estimated value of £60,000 is:

  • 77.6% lower than the average property price on Marine Road West
  • 31.2% lower than the average in the LA3 1BU postcode area
  • and 69.3% lower than the average price for Morecambe as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded once as rented and once as owner-occupied, indicating a change in how it was used over time.

At the most recent EPC inspection on 16 July 2021, the property was recorded as rented.

View sold house prices in LA3 1BU

Building approximate location

About Property

Type
Flat
Built
before 1900
Interior Size
560 sq ft
Tenure
Leasehold
Price (estimate)
£60,000
Price Per sq ft (estimate)
£107
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 1, 18 Marine Road West, Morecambe, Lancaster, Lancashire, LA3 1BU has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 16 Jul 2021.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 6 Apr 2010, when the property was rated E. Since then, the rating has improved to D, with the energy efficiency score increasing by 29.2%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency improving from average to good, while the heating system type remained the same (boiler and radiators, mains gas).
  • The hot water energy efficiency improving from average to good, while the system remained as from main system.
  • The lighting was changed from low energy lighting in all fixed outlets to low energy lighting in 80% of fixed outlets, with no change in efficiency (very good).
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Walls
Cavity wall, as built, no insulation (assumed)
Poor
Windows
Fully double glazed
Average
Lighting
Low energy lighting in 80% of fixed outlets
Very Good

Compared to LA3 1BU

11 th / 13
Price Rank
31% lower than average
3 rd / 7
Size Rank
6% smaller than average
6 th / 7
Price Per Sq FT Rank
27% lower than average

Compared to other properties in LA3 1BU , this flat's estimated value ranks 11th out of 13. Based on price per square foot, it ranks 6th out of 7 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 3rd out of 7 properties in its postcode area.

Sale History

Today
£60,000
streetscan.co.uk estimate
+25 %
31 Aug 2016
£48,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 517 sq ft
sale price: £42,000
sale date: 13 Dec 2016
rooms: 3
size: 570 sq ft
sale price: £73,500
sale date: 29 May 2012

Data Sources

The property at Flat 1, 18 Marine Road West, Morecambe, Lancaster, Lancashire, LA3 1BU appears once in the Land Registry records, with the transaction recorded on 31 Aug 2016. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 16 Jul 2021. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.