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Morecambe House Prices Morecambe House Prices

The average house price in Morecambe is £185,050 using HM Land Registry data.

The average property price increased by £47,697 (32.27%) over the last 5 years and increased by £9,533 (5.13%) over the last 12 months.

Over the last year, there were 396 residential property sales – a decrease of 174 transactions (-43.94%) relative to the previous year. The majority of house sales (99) were in the £134,000 - £178,000 range. Then came properties in the £178,000 - £222,000 range, where 79 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 73 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,503 (-3%).

In April 2024, there were 86 new estate agency instructions, 39 agreed home sales and 63 property price reductions.

Neighbouring Areas: Heysham, Lancaster

Postcodes Covered: LA1, LA3, LA4

5-Year Average Property Prices in Morecambe

32.27%

Property prices in Morecambe increased by 32.27% 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 Morecambe Over the Last Year

5.13%

Property prices in Morecambe increased by 5.13% 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 Morecambe - April 2024

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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 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 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 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 Morecambe since 1995

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

Recent Property Sales in Morecambe

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
29 Wakefield Avenue, Morecambe, Lancashire, LA4 6DY£295,000£282,500-£12,50005 Jan 202421 Mar 202476 Days
43 Hamilton Road, Morecambe, Lancashire, LA4 6QG£229,950£225,000-£4,95009 Dec 202318 Mar 2024100 Days
5 Old Hall Close, Morecambe, Lancashire, LA4 6NL£119,950£110,000-£9,95006 Sep 202315 Mar 2024191 Days
5 Westgate Park Road, Morecambe, Lancashire, LA4 4RN£170,000£160,000-£10,00006 Oct 202329 Feb 2024146 Days
64 Green Street, Morecambe, Lancashire, LA4 5HP£139,950£139,950£0004 Apr 202323 Feb 2024325 Days
27 Buxton Street, Morecambe, Lancashire, LA4 5SR£135,000£130,000-£5,00021 Sep 202316 Feb 2024148 Days
8 Gardner Road, Heysham, Morecambe, Lancashire, LA3 1RX£169,950£169,950£0025 Oct 202314 Feb 2024112 Days
59 Schola Green Lane, Morecambe, Lancashire, LA4 4PT£164,950£160,000-£4,95002 Nov 202302 Feb 202492 Days
36 Chatsworth Road, Morecambe, Lancashire, LA4 4JQ£329,950£305,000-£24,95016 Jun 202328 Jan 2024226 Days
18 Priorsgate, Heaton With Oxcliffe, Morecambe, Lancashire, LA3 3RN£340,000£320,000-£20,00011 Jul 202326 Jan 2024199 Days
31 Rosebery Avenue, Morecambe, Lancashire, LA4 5RU£154,950£149,000-£5,95011 Sep 202318 Jan 2024129 Days
22 Lichfield Avenue, Morecambe, Lancashire, LA4 6EA£299,950£290,000-£9,95011 Aug 202313 Jan 2024155 Days
23 The Parks, Morecambe, Lancashire, LA4 6BP£225,000£220,000-£5,00020 Jul 202305 Jan 2024169 Days
140 Westminster Road, Morecambe, Lancashire, LA3 1SH£175,000£165,000-£10,00005 Sep 202305 Jan 2024122 Days
51 Fairhope Avenue, Morecambe, Lancashire, LA4 6LD£220,000£210,000-£10,00007 Aug 202318 Dec 2023133 Days
464 Marine Road East, Morecambe, Lancashire, LA4 6AE£390,000£350,000-£40,00015 Jun 202315 Dec 2023183 Days
30 Charles Street, Morecambe, Lancashire, LA4 5SX£135,000£125,000-£10,00011 Sep 202315 Dec 202395 Days
42 Woodrush, Morecambe, Lancashire, LA4 6JB£400,000£400,000£0031 May 202315 Dec 2023198 Days
143 Westminster Road, Morecambe, Lancashire, LA3 1SJ£80,000£80,000£0007 Jul 202315 Dec 2023161 Days
114a, Balmoral Road, Morecambe, Lancashire, LA3 1ST£179,950£175,000-£4,95011 Oct 202315 Dec 202365 Days

Most Expensive Streets in Morecambe

PostcodeStreetAreaAverageNo. of Sales
LA4 5BQBroadwayMorecambe£487,8336
LA3 3EJOxcliffe RoadHeaton With Oxcliffe£484,6663
LA4 6PQBuseph DriveMorecambe£415,6005
LA4 6DJMount AvenueMorecambe£396,6663
LA4 5XXBroadwayMorecambe£372,4836
LA4 6JBWoodrushMorecambe£372,0559
LA4 5XYBroadwayMorecambe£331,4005
LA4 5FDBroadway OneDallam Avenue£327,98050
LA4 6ERMayfield DriveMorecambe£319,0003
LA4 6EPMayfield DriveMorecambe£318,7504

Least Expensive Streets in Morecambe

PostcodeStreetAreaAverageNo. of Sales
LA4 4DJWest End RoadMorecambe£54,8333
LA4 5LGRibblesdale CourtMorecambe£56,30015
LA4 5EFNelson StreetMorecambe£58,2263
LA3 1QEYorkshire StreetMorecambe£67,5004
LA4 5DXTunstall StreetMorecambe£70,6663
LA4 5HEMorecambe StreetMorecambe£74,9833
LA4 4HRClarendon Road EastMorecambe£78,3333
LA4 4DLWest End RoadMorecambe£79,4874
LA1 5TGLancambe CourtLancaster£79,60010
LA4 5NSPrimrose CourtMorecambe£79,9378

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