1 The Way

    1, THE WAY, MORECAMBE, LA3 3AE

    This flat/maisonette leasehold property on The Way last sold in May 2022 for £125,000. Based on price growth in the LA3 district since then, its estimated current value is £139,844 — placing it in the 10th percentile nationally and the 24th percentile within LA3. The property covers 67 m² (721 sq ft), giving an estimated value of £2,087 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    721 sq ft

    67 m²

    Last Sale Price

    £125,000

    May 2022

    Estimated Valuation

    £139,844

    Est. £/sq ft

    £194/sq ft

    £2,087/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnclosed End-Terrace
    Construction ageEngland and Wales: 1967-1975
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area721 sq ft (67 m²)
    EPC dateJun 2021
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    13 May 2022

    £125,000

    2 Jul 2021

    £96,600

    5 May 2017

    £92,000

    28 Apr 2011

    £100,000

    25 Aug 2004

    £99,950

    23 Jul 1996

    £36,000

    Key Metrics

    Estimated valuation£139,844
    Value per sq ft / m²£194/sq ft (£2,087/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    LA3 district percentile24th percentile
    National percentile10th percentile

    District Context — LA3

    LA3 covers the Lancaster area in north-west England, positioned between Morecambe Bay and the Pennines. It is a mixed market combining coastal and rural character with a diverse housing stock serving both owner-occupiers and renters.

    Average Property Price - LA3

    £203,253

    13

    National percentile

    Average Net Household Income - LA3

    £30,814

    10

    National percentile

    10-Year Annualised Price Growth - LA3

    3.6%

    51

    National percentile

    10-Year Annualised Rent Growth - LA

    3.2%

    10

    National percentile

    View full analysis for LA3

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