Nelson Street, Morecambe, LA4

Street Guide For Nelson Street, Morecambe, LA4

 

Nelson Street, Morecambe, LA4 Map

Estimated Price: £82,811
Average Asking Price: £141,493
Price change in last one year: £2,803
Average Price Paid: £85,000
Average Rent Rates: £548

 

Property Prices Breakdown in Nelson Street, Morecambe, LA4

Average Price for property in Nelson Street, Morecambe, LA4 is around £82,811 which varies based on type of property you are interested in and ranges from £87,875 for terraced house to around £57,493 for a flat. Values have been changing and have risen £270 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £310 in last 6 months, £2,803 in last 1 year, £6,955 in last 2 years, £6,311 in last 3 years, £7,172 in last 4 years and £2,555 in last 5 years.

Currently average asking price of a property in Nelson Street, Morecambe, LA4 is around £141,493 based on approximately 1 properties for sale. Same is the case with rental options based on 34 properties up for rent, average asking rent is around £548 per month.

Estimated property value in Nelson Street, Morecambe, LA4 is £82,811. Average asking price is £141,493 while average price paid is £85,000 which is up by £2,803 and Avg. asking rent £548.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 Nelson Street, Morecambe, LA4 area. In last 1 year alone average price buyer paid is around £85,000 based on approximately 1 sales in Nelson Street, Morecambe, LA4 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £85,000. 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 £85,000 for 2 and average amount paid for purchase of approx. 2 properties sold in last 7 years comes to about £85,000 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 £80,000, £133,581 for a 2 bedroom house, £165,863 for a 3 bedroom house, £180,867 for a 4 bedroom house and £192,774 for a 5 bedroom house. For a flat similarly the prices varies from £74,717 for a single bedroom to £115,083 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £107,039 and £170,000 for a 4 bedroom flat. To sum up the asking prices for properties in Nelson Street, Morecambe, LA4 it comes to around average £74,887 for 1 bedroom property, £125,733 for 2 bedroom, £159,635 for 3 bedroom, £180,350 for 4 bedroom and £192,774 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 £282 for 1 bedroom to £561 for 2 bedroom, £623 for 3 bedroom and £550 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £404. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £499 and £696 for 3 bedroom. You should be generally be expecting around average £384 rent per month for single bedroom property, £516 for 2 bedroom, £652 for 3 bedroom and approximately £550 for 4 bedroom property in Nelson Street, Morecambe, LA4 area.

Popular Houses in Nelson Street, Morecambe, LA4

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 Nelson Street, Morecambe, LA4