1 Melrose Avenue

    1, MELROSE AVENUE, MORECAMBE, LA4 5NG

    This terraced freehold property on Melrose Avenue last sold in November 2016 for £85,000. Based on price growth in the LA4 district since then, its estimated current value is £128,490 — placing it in the 8th percentile nationally and the 20th percentile within LA4. The property covers 80 m² (861 sq ft), giving an estimated value of £1,606 per m². The EPC rating is E, with a potential rating of B.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    861 sq ft

    80 m²

    Last Sale Price

    £85,000

    Nov 2016

    Estimated Valuation

    £128,490

    Est. £/sq ft

    £149/sq ft

    £1,606/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms4
    Main fuelelectricity (not community)
    EPC currentE
    EPC potentialB
    Floor area861 sq ft (80 m²)
    EPC dateAug 2015
    WallsCavity wall, as built, no insulation (assumed)
    HeatingElectric storage heaters

    Transaction History

    24 Nov 2016

    £85,000

    Key Metrics

    Estimated valuation£128,490
    Value per sq ft / m²£149/sq ft (£1,606/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    LA4 district percentile20th percentile
    National percentile8th percentile

    District Context — LA4

    LA4 covers parts of central and south Lancashire, positioned between Preston and the industrial heartland to the south. The area blends urban and semi-rural character with a working-class and mixed-income demographic.

    Average Property Price - LA4

    £198,298

    12

    National percentile

    Average Net Household Income - LA4

    £28,369

    5

    National percentile

    10-Year Annualised Price Growth - LA4

    4.1%

    68

    National percentile

    10-Year Annualised Rent Growth - LA

    3.2%

    10

    National percentile

    View full analysis for LA4

    More properties in LA4

    Streets in LA4

    Explore nearby