Area Guide For Morecambe

Morecambe is a resort town and civil parish within the City of Lancaster in Lancashire, England. As of 2001 it has a resident population of 38,917. It is situated on Morecambe Bay. Morecambe and the nearby village of Heysham have a combined population of 51,400. In 1846, the Morecambe Harbour and Railway Company was formed to build a harbour on Morecambe Bay, close to the fishing village of Poulton-le-Sands, and a connecting railway. By 1850, the railway linked to Skipton, Keighley and Bradford in the West Riding of Yorkshire, and a settlement began to grow around the harbour and railway, to service the port and as a seaside resort. The settlement expanded to absorb Poulton, and the villages of Bare and Torrisholme. The settlement started to be referred to as "Morecambe", possibly after the harbour and railway. In 1889 the new name was officially adopted. Morecambe was a thriving seaside resort in the mid-20th century. While the resort of Blackpool attracted holiday-makers predominantly from the Lancashire mill towns, Morecambe had more visitors from Yorkshire (due to its railway connection) and Scotland. Between 1956 and 1989 it was the home of the Miss Great Britain


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Estimated Price: £136,173
Average Asking Price: £142,329
Price change in last one year: £4,292
Average Price Paid: £126,801
Average Rent Rates: £526


Property Prices Breakdown in Morecambe

Average Price for property in Morecambe is around £136,173 which varies based on type of property you are interested in and ranges from £210,590 for detached house to around £139,087 for semi-detached. Similarly terraced house is around £101,138 and a flat is worth £95,883. Values have been changing and have risen £1,442 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,626 in last 6 months, £4,292 in last 1 year, £12,516 in last 2 years, £12,973 in last 3 years, £13,352 in last 4 years and £4,264 in last 5 years.

Currently average asking price of a property in Morecambe is around £142,329 based on approximately 800 properties for sale. Same is the case with rental options based on 65 properties up for rent, average asking rent is around £526 per month.

Estimated property value in Morecambe is £136,173. Average asking price is £142,329 while average price paid is £132,821 which is up by £4,292 and Avg. asking rent £526.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 Morecambe area. In last 1 year alone average price buyer paid is around £132,821 based on approximately 800 sales in Morecambe area alone. If you compare it to last 3 years sales of 2,253 properties where buyers paid around £128,446. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £126,801 for 3,689 and average amount paid for purchase of approx. 5,120 properties sold in last 7 years comes to about £126,531 per sale.


Properties For Sale in Morecambe


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 £60,225, £117,430 for a 2 bedroom house, £155,059 for a 3 bedroom house, £198,724 for a 4 bedroom house and £199,111 for a 5 bedroom house. For a flat similarly the prices varies from £73,089 for a single bedroom to £114,212 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £108,835 and £170,000 for a 4 bedroom flat. To sum up the asking prices for properties in Morecambe it comes to around average £70,750 for 1 bedroom property, £116,385 for 2 bedroom, £152,077 for 3 bedroom, £198,295 for 4 bedroom and £199,111 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 £344 for 1 bedroom to £561 for 2 bedrooms, £634 for 3 bedrooms, £641 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 £392. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £486 and £647 for 3 bedroom. You should be generally be expecting around average £383 rent per month for single bedroom property, £508 for 2 bedroom, £639 for 3 bedroom, £641 for 4 bedroom and approximately £802 for a 5 bedroom property in Morecambe area.

Popular Houses in Morecambe

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.

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