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House Prices in LA3 House Prices in LA3 (Morecambe)

The average house price in LA3 (Morecambe) is £219,772 using HM Land Registry data.

The average property price increased by £60,107 (30%) over the last 5 years and increased by £12,044 (4.41%) over the last 12 months.

Over the last year, there were 271 residential property sales – a decrease of 81 transactions (-29.89%) relative to the previous year. The majority of house sales (77) were in the £148,000 - £186,000 range. Then came properties in the £110,000 - £148,000 range, where 47 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 132 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,136 (-3%).

In Dec 24, there were 36 new estate agency instructions, 21 agreed home sales and 49 property price reductions.

Nearby Postcodes: BB7, BD23, BD24, CA10, CA11, CA12, CA17, CA18, CA19, CA20, DL8, LA1, LA10, LA11, LA12, LA13, LA14, LA15, LA16, LA17, LA18, LA19, LA2, LA20, LA21, LA22, LA23, LA4, LA5, LA6, LA7, LA8, PR3

5-Year Average Property Prices in LA3 (Morecambe)

30%

Property prices in Morecambe increased by 30% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in LA3 (Morecambe) Over the Last Year

4.41%

Property prices in Morecambe increased by 4.41% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for LA3 (Morecambe) - Dec 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in LA3 (Morecambe)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in LA3 (Morecambe)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in LA3 (Morecambe)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the LA3 (Morecambe) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LA3 postcode area since 1995.

Recent Sales in LA3 (Morecambe)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
31 Middleton Road, Heysham, Morecambe, Lancashire, LA3 2RY£149,950£143,000-£6,95014 Jun 202425 Nov 2024164 Days
7 Lavender Way, Middleton, Morecambe, Lancashire, LA3 3FL£234,000£234,000£0029 May 202422 Nov 2024177 Days
16 Dorchester Gardens, Morecambe, Lancashire, LA3 3LS£265,000£265,000£0003 May 202411 Nov 2024192 Days
117 Regent Road, Morecambe, Lancashire, LA3 1AQ£270,000£250,000-£20,00018 Jan 202408 Nov 2024295 Days
30 Walker Grove, Heysham, Morecambe, Lancashire, LA3 2DE£190,000£169,000-£21,00014 May 202408 Nov 2024178 Days
67 Fairfield Road, Heysham, Morecambe, Lancashire, LA3 1ES£250,000£242,000-£8,00024 Jul 202405 Nov 2024104 Days
4 Ousby Avenue, Morecambe, Lancashire, LA3 3DN£130,000£128,000-£2,00011 Apr 202404 Nov 2024207 Days
3 Heysham Hall Drive, Heysham, Morecambe, Lancashire, LA3 2QX£299,950£293,500-£6,45030 Apr 202430 Oct 2024183 Days
23 Connaught Road, Heysham, Morecambe, Lancashire, LA3 2UU£132,500£128,000-£4,50010 Sep 202429 Oct 202449 Days
16 Hall Drive, Middleton, Morecambe, Lancashire, LA3 3LF£189,950£180,000-£9,95010 Apr 202429 Oct 2024202 Days
14 Ashbourne Grove, Morecambe, Lancashire, LA3 3NH£225,000£220,000-£5,00011 May 202429 Oct 2024171 Days
5 Bryony Court, Morecambe, Lancashire, LA3 3QL£160,000£155,000-£5,00023 Jul 202425 Oct 202494 Days
10 Haydock Grove, Heysham, Morecambe, Lancashire, LA3 1PP£150,000£134,000-£16,00015 Apr 202420 Oct 2024188 Days
123 Balmoral Road, Morecambe, Lancashire, LA3 1HJ£238,000£190,000-£48,00008 Nov 202314 Oct 2024341 Days
1 Gilstead Avenue, Heysham, Morecambe, Lancashire, LA3 2HP£100,000£79,000-£21,00009 Jul 202411 Oct 202494 Days
4 Wentworth Crescent, Morecambe, Lancashire, LA3 3NZ£259,950£255,000-£4,95030 May 202409 Oct 2024132 Days
6 Warley Avenue, Morecambe, Lancashire, LA3 3AR£214,950£205,000-£9,95016 Nov 202327 Aug 2024285 Days
21 Hillmount Avenue, Heysham, Morecambe, Lancashire, LA3 2DQ£315,000£300,000-£15,00024 Jan 202416 Aug 2024205 Days
36 Fairfield Road, Heysham, Morecambe, Lancashire, LA3 1ER£180,000£180,000£0010 Apr 202413 Aug 2024125 Days
445 Heysham Road, Heysham, Morecambe, Lancashire, LA3 2JL£164,950£157,000-£7,95009 May 202413 Aug 202496 Days

Most Expensive Streets in LA3 (Morecambe)

PostcodeStreetAreaAverageNo. of Sales
LA3 2RXThe Headlands, HeyshamMorecambe£518,3333
LA3 3EJOxcliffe Road, Heaton With OxcliffeMorecambe£446,0004
LA3 1PZHeysham Road, HeyshamMorecambe£442,5004
LA3 1ETSt Johns Grove, HeyshamMorecambe£343,9166
LA3 2BPHeysham Road, HeyshamMorecambe£336,4005
LA3 2AJTwemlow Parade, HeyshamMorecambe£322,1125
LA3 1NYThe Cliffs, HeyshamMorecambe£317,6005
LA3 3HEBack Street, OvertonMorecambe£317,0003
LA3 3SUBishopdale CloseMorecambe£314,3333
LA3 3SQHyndburn CloseMorecambe£312,3333

Least Expensive Streets in LA3 (Morecambe)

PostcodeStreetAreaAverageNo. of Sales
LA3 1HYSunacre Court, Maple AvenueMorecambe£52,6663
LA3 1JLLevens Court, Levens DriveMorecambe£75,2005
LA3 1DZMearsbeck, Sefton RoadMorecambe£78,52610
LA3 1BSMarine Road WestMorecambe£84,6124
LA3 1HDDalton Road, HeyshamMorecambe£86,3333
LA3 2HHMeldon Grange, HeyshamMorecambe£87,1666
LA3 2EPBowland Road, HeyshamMorecambe£88,5004
LA3 1FTPuffin House, Mears Beck CloseMorecambe£89,0003
LA3 1FLPlover House, Mears Beck CloseMorecambe£89,9905
LA3 1SLWestminster RoadMorecambe£93,3333

Explore LA3 (Morecambe) using map

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