3 The Way

    3, THE WAY, MORECAMBE, LA3 3AE

    This flat/maisonette leasehold property on The Way last sold in September 2023 for £136,000. Based on price growth in the LA3 district since then, its estimated current value is £154,425 — placing it in the 13th percentile nationally and the 31st percentile within LA3. The property covers 80 m² (861 sq ft), giving an estimated value of £1,930 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    861 sq ft

    80 m²

    Last Sale Price

    £136,000

    Sept 2023

    Estimated Valuation

    £154,425

    Est. £/sq ft

    £179/sq ft

    £1,930/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 1950-1966
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area861 sq ft (80 m²)
    EPC dateFeb 2017
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    22 Sept 2023

    £136,000

    13 Jul 2005

    £80,600

    Key Metrics

    Estimated valuation£154,425
    Value per sq ft / m²£179/sq ft (£1,930/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    LA3 district percentile31st percentile
    National percentile13th 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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