Banbury Road, Morecambe, LA3

Street Guide For Banbury Road, Morecambe, LA3

 

Banbury Road, Morecambe, LA3 Map

Estimated Price: £144,506
Average Asking Price: £143,370
Price change in last one year: £8,205
Average Price Paid: £115,000
Average Rent Rates: £503

 

Property Prices Breakdown in Banbury Road, Morecambe, LA3

Average Price for property in Banbury Road, Morecambe, LA3 is around £144,506 which varies based on type of property you are interested in and ranges from £136,962 for detached house to around £145,583 for semi-detached. Values have been changing and have risen £552 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,281 in last 6 months, £8,205 in last 1 year, £12,093 in last 2 years, £12,640 in last 3 years, £13,493 in last 4 years and £7,315 in last 5 years.

Currently average asking price of a property in Banbury Road, Morecambe, LA3 is around £143,370 based on approximately 0 properties for sale. Same is the case with rental options based on 31 properties up for rent, average asking rent is around £503 per month.

Estimated property value in Banbury Road, Morecambe, LA3 is £144,506. Average asking price is £143,370 while average price paid is £115,000 which is up by £12,640 and Avg. asking rent £503.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Banbury Road, Morecambe, LA3 area. In last 3 years alone average price buyer paid is around £115,000 based on approximately 1 sales in Banbury Road, Morecambe, LA3 area alone. If you compare it to last 5 years sales of 1 properties where buyers paid around £115,000. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £115,000 for 1 per sale.

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £59,600, £107,057 for a 2 bedroom house, £144,015 for a 3 bedroom house, £209,942 for a 4 bedroom house and £203,985 for a 5 bedroom house. For a flat similarly the prices varies from £64,950 for a single bedroom to £112,469 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £125,000. To sum up the asking prices for properties in Banbury Road, Morecambe, LA3 it comes to around average £61,893 for 1 bedroom property, £108,241 for 2 bedroom, £143,739 for 3 bedroom, £209,942 for 4 bedroom and £203,985 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £375 for 1 bedroom to £561 for 2 bedrooms, £650 for 3 bedrooms, £687 for 4 bedrooms and £802 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £385. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £466 and £550 for 3 bedroom. You should be generally be expecting around average £383 rent per month for single bedroom property, £495 for 2 bedroom, £617 for 3 bedroom, £687 for 4 bedroom and approximately £802 for a 5 bedroom property in Banbury Road, Morecambe, LA3 area.

Popular Houses in Banbury Road, Morecambe, LA3

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around Banbury Road, Morecambe, LA3