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.