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House Prices in LA3 House Prices in LA3 (Morecambe)

The average house price in LA3 (Morecambe) is £195,768 using HM Land Registry data.

The average property price increased by £57,790 (30%) over the last 5 years and increased by £11,579 (4.41%) over the last 12 months.

Over the last year, there were 252 residential property sales – a decrease of 104 transactions (-41.27%) relative to the previous year. The majority of house sales (63) were in the £138,000 - £176,000 range. Then came properties in the £176,000 - £214,000 range, where 48 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 83 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,061 (-3%).

In Oct 24, there were 75 new estate agency instructions, 55 agreed home sales and 66 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) - Oct 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
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
60 Kingsway, Heysham, Morecambe, Lancashire, LA3 2EE£180,000£178,000-£2,00030 Apr 202412 Aug 2024104 Days
6 Arran Close, Heysham, Morecambe, Lancashire, LA3 2YD£215,000£215,000£0022 May 202409 Aug 202479 Days
38 Peplow Road, Heysham, Morecambe, Lancashire, LA3 2HR£125,000£125,000£0019 Mar 202402 Aug 2024136 Days
20 Reedmace Walk, Morecambe, Lancashire, LA3 3QW£130,000£126,000-£4,00023 Mar 202431 Jul 2024130 Days
85 Stanley Road, Heysham, Morecambe, Lancashire, LA3 1UT£280,000£275,000-£5,00013 Sep 202331 Jul 2024322 Days
7 Harewood Avenue, Heysham, Morecambe, Lancashire, LA3 1JH£165,000£162,500-£2,50021 Mar 202426 Jul 2024127 Days
3 Limes Avenue, Heysham, Morecambe, Lancashire, LA3 1HR£179,950£175,000-£4,95003 Feb 202425 Jul 2024173 Days
5 Oakley Road, Heysham, Morecambe, Lancashire, LA3 1NR£279,950£265,000-£14,95007 Nov 202325 Jul 2024261 Days
6 Knowlys Drive, Heysham, Morecambe, Lancashire, LA3 2PD£325,000£325,000£0024 Feb 202425 Jul 2024152 Days
16 Westmoor Grove, Heysham, Morecambe, Lancashire, LA3 2TA£175,000£168,000-£7,00002 May 202422 Jul 202481 Days
9 Yealand Avenue, Heysham, Morecambe, Lancashire, LA3 2LT£179,950£176,000-£3,95024 Apr 202419 Jul 202486 Days
20 Lawnswood Drive, Morecambe, Lancashire, LA3 3LU£225,000£217,500-£7,50024 Apr 202415 Jul 202482 Days
3 Manor Grove, Heysham, Morecambe, Lancashire, LA3 1JA£175,000£165,000-£10,00009 Apr 202415 Jul 202497 Days
18 Woborrow Road, Heysham, Morecambe, Lancashire, LA3 2PN£220,000£205,000-£15,00030 Nov 202315 Jul 2024228 Days
3 Coltsfoot Walk, Morecambe, Lancashire, LA3 3QB£135,000£131,000-£4,00001 Mar 202412 Jul 2024133 Days
20 Fulmar Crescent, Heysham, Morecambe, Lancashire, LA3 2TG£264,500£252,000-£12,50005 Jan 202403 Jul 2024180 Days

Most Expensive Streets in LA3 (Morecambe)

PostcodeStreetAreaAverageNo. of Sales
LA3 2RXThe Headlands, HeyshamMorecambe£518,3333
LA3 3EJOxcliffe Road, Heaton With OxcliffeMorecambe£484,6663
LA3 1PZHeysham Road, HeyshamMorecambe£442,5004
LA3 2BPHeysham Road, HeyshamMorecambe£336,4005
LA3 2AJTwemlow Parade, HeyshamMorecambe£322,1125
LA3 2FPThe Spinney, HeyshamMorecambe£321,6663
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 1TYSefton Road, HeyshamMorecambe£49,0003
LA3 1HYSunacre Court, Maple AvenueMorecambe£52,6663
LA3 1JLLevens Court, Levens DriveMorecambe£75,2005
LA3 1DZMearsbeck, Sefton RoadMorecambe£78,56911
LA3 1BSMarine Road WestMorecambe£85,0756
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

Explore LA3 (Morecambe) using map

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