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Property Price Trends
Stanley Road, Heysham, Morecambe, Lancaster, Lancashire
LA3 1UP Lancaster District (B)
What are the historical property price trends?
Explore the yearly trends in property prices for the LA3 postcode district in the UK. Stay informed and make smart real estate decisions based on the accurate, analysed data.
Property Price Trends
LA3
Most Expensive Property
£500,000
296 Oxcliffe Road, LA3 3EJ
Sold: 13 March 2024
Cheapest Property
£25,000
11 First Floor Flat Royds Avenue, LA3 1PA
Sold: 10 April 2000
£213,000
The average house price in Lancaster was £213,000 in November 2024 (provisional), similar to the revised figure for November 2023. Across the North West, the average house price rose by 5.7% over the same period.
£743
Private rents rose to an average of £743 in December 2024, an annual increase of 8.6% from £684 in December 2023. This was lower than the rise in the North West (9.6%) over the year.
£189,000
The average price paid by first-time buyers was £189,000 in November 2024 (provisional). This was in line with the average in November 2023 (revised).
£222,000
For homes bought with a mortgage, the average house price was £222,000 in November 2024 (provisional). This was similar to the average in November 2023 (revised).
Data last updated: 17 Feb 2025. Data extracted from ONS housing prices/rents: inflation and price indices by local authority (Lancaster, E07000121). Rent estimates are provisional, and are for the latest 2 months.
Local House Price Trends
Have property prices been rising or falling in LA3 1UP?
The graph below shows the five-year capital growth figures for properties for the LA3 postcode district. Figures show year-on-year capital growth and not accumulative growth over the five-year period.
Compare House Price Trends
Enter a postcode below to compare the property prices in LA3 with any other UK postcode:
Regional Property Analysis
What trends is the property market seeing in Lancashire?
For Homebuyers:
For homebuyers in Lancashire, the property market has shown steady growth in recent years. House prices in areas such as Preston (PR1), Blackburn (BB1), and Lancaster (LA1) have seen an increase of around 2-5% year on year. This suggests a stable market with potential for long-term investment. The availability of properties in these areas is moderate, with a good mix of both new builds and older properties on the market. However, competition can be high in popular areas such as Lytham St Annes (FY8) and Clitheroe (BB7), which may drive prices up. Overall, Lancashire offers a diverse range of properties to suit different budgets and preferences, making it an attractive location for homebuyers looking to settle in the North West.
For Renters:
Rent prices in Lancashire vary depending on the location, with urban areas like Blackpool (FY1) and Burnley (BB11) offering more affordable options compared to sought-after locations such as Ribble Valley (BB6) and Pendle (BB9). The rental market in Lancashire is generally stable, with prices seeing a slight increase in line with house price trends. Availability of rental properties is good, particularly in areas with a higher number of student populations like Lancaster and Preston. Overall, Lancashire provides a range of rental options to suit different budgets and preferences, making it a popular choice for renters in the North West.
For Investors:
For investors, Lancashire offers opportunities for both capital growth and rental yield. Areas like South Ribble (PR25) and West Lancashire (WN8) have shown strong growth in property values, making them attractive for investors looking for long-term returns. Rental yields are also competitive in areas with high demand, such as Lancaster and Blackburn. The availability of investment properties is good, with a mix of both residential and student accommodation options. With the growing popularity of Lancashire as a property investment location, investors can expect to see a good return on their investment in the years to come.
For Homebuyers:
For homebuyers in Lancashire, the property market has shown steady growth in recent years. House prices in areas such as Preston (PR1), Blackburn (BB1), and Lancaster (LA1) have seen an increase of around 2-5% year on year. This suggests a stable market with potential for long-term investment. The availability of properties in these areas is moderate, with a good mix of both new builds and older properties on the market. However, competition can be high in popular areas such as Lytham St Annes (FY8) and Clitheroe (BB7), which may drive prices up. Overall, Lancashire offers a diverse range of properties to suit different budgets and preferences, making it an attractive location for homebuyers looking to settle in the North West.
For Renters:
Rent prices in Lancashire vary depending on the location, with urban areas like Blackpool (FY1) and Burnley (BB11) offering more affordable options compared to sought-after locations such as Ribble Valley (BB6) and Pendle (BB9). The rental market in Lancashire is generally stable, with prices seeing a slight increase in line with house price trends. Availability of rental properties is good, particularly in areas with a higher number of student populations like Lancaster and Preston. Overall, Lancashire provides a range of rental options to suit different budgets and preferences, making it a popular choice for renters in the North West.
For Investors:
For investors, Lancashire offers opportunities for both capital growth and rental yield. Areas like South Ribble (PR25) and West Lancashire (WN8) have shown strong growth in property values, making them attractive for investors looking for long-term returns. Rental yields are also competitive in areas with high demand, such as Lancaster and Blackburn. The availability of investment properties is good, with a mix of both residential and student accommodation options. With the growing popularity of Lancashire as a property investment location, investors can expect to see a good return on their investment in the years to come.
Last updated on 31 Mar 2025. Property market analysis is based on official data, and interpreted using neural networks (machine learning model), and subject to our Terms and Conditions.
Yield for LA3 1UP
Estimated yield for property investors
6.71%
Yield
The estimated yield for the LA3 1UP postcode area is 6.71%, compared to the national average yield of 3.8%.
View yield analysisHouse price affordability
Use this graph to view the housing affordability ratio data, as well as median house prices and household earnings in England and Wales, from 1997-2024.
Property sales
What houses have been sold in LA3 1UP?
The recently sold properties table lists homes around LA3 1UP that have been recorded by HM Land Registry, and their sold prices.
Price paid information is not personal, but property-related information. All commercial transactions, sales that have not been lodged with HM Land Registry or sales that were not for full market value are excluded.
| Date | Price | Property Address | Property Type | Estate Type |
|---|---|---|---|---|
| 09 September 2022 | £85,000 | 6 Flat 3 Marine Road West, Morecambe, LA3 1BS | Flat/Maisonette | Leasehold |
| 16 December 2022 | £125,000 | 91 Lower Ground Floor Flat Sandylands Promenade, Heysham, Morecambe, LA3 1DP | Flat/Maisonette | Leasehold |
| 13 December 2023 | £95,000 | Plover House 12 Mears Beck Close, Heysham, Morecambe, LA3 1FL | Flat/Maisonette | Leasehold |
| 07 October 2022 | £155,000 | 7 Levens Drive, Heysham, Morecambe, LA3 1JJ | Semi-Detached | Freehold |
| 31 May 2002 | £54,000 | 11 Basement And Ground Floor Flat Royds Avenue, Heysham, Morecambe, LA3 1PA | Flat/Maisonette | Leasehold |
| 23 March 2007 | £88,000 | 11 Basement And Ground Floor Flat Royds Avenue, Heysham, Morecambe, LA3 1PA | Flat/Maisonette | Leasehold |
| 10 April 2000 | £25,000 | 11 First Floor Flat Royds Avenue, Heysham, Morecambe, LA3 1PA | Flat/Maisonette | Leasehold |
| 30 April 2019 | £80,000 | 11 Basement And Ground Floor Flat Royds Avenue, Heysham, Morecambe, LA3 1PA | Flat/Maisonette | Leasehold |
| 03 December 2019 | £70,000 | 11 Second Floor Flat Royds Avenue, Heysham, Morecambe, LA3 1PA | Flat/Maisonette | Leasehold |
| 19 November 2021 | £77,000 | 11 Second Floor Flat Royds Avenue, Heysham, Morecambe, LA3 1PA | Flat/Maisonette | Leasehold |
| 05 September 2008 | £77,000 | 11 Second Floor Flat Royds Avenue, Heysham, Morecambe, LA3 1PA | Flat/Maisonette | Leasehold |
| 17 November 2023 | £140,000 | 2 Haydock Grove, Heysham, Morecambe, LA3 1PP | Semi-Detached | Freehold |
| 14 February 2024 | £169,950 | 8 Gardner Road, Heysham, Morecambe, LA3 1RX | Terraced | Freehold |
| 31 October 2022 | £170,000 | 31 Hale Carr Grove, Heysham, Morecambe, LA3 2AD | Semi-Detached | Freehold |
| 11 September 2023 | £135,000 | 5 Brentlea Crescent, Heysham, Morecambe, LA3 2BT | Semi-Detached | Freehold |
| 31 January 2024 | £58,500 | 2 Tarnbrook Road, Heysham, Morecambe, LA3 2EJ | Other | Leasehold |
| 22 September 2023 | £179,000 | 22 Bowland Road, Heysham, Morecambe, LA3 2EN | Terraced | Freehold |
| 21 March 2024 | £272,000 | 37 Kingfisher Drive, Heysham, Morecambe, LA3 2FT | Detached | Freehold |
| 13 February 2024 | £162,750 | 21 Eastlands, Heysham, Morecambe, LA3 2HT | Semi-Detached | Freehold |
| 13 March 2024 | £250,000 | 15 Eldon Grove, Heysham, Morecambe, LA3 2JW | Semi-Detached | Freehold |
| 24 November 2023 | £219,000 | 10 Wilson Grove, Heysham, Morecambe, LA3 2PQ | Detached | Freehold |
| 19 October 2023 | £130,000 | 9 Combermere Grove, Heysham, Morecambe, LA3 2TJ | Semi-Detached | Freehold |
| 05 March 2024 | £133,000 | 27 Heathfoot Avenue, Heysham, Morecambe, LA3 2TW | Semi-Detached | Freehold |
| 11 March 2024 | £93,000 | 27 Mcdonald Road, Heysham, Morecambe, LA3 2UX | Terraced | Freehold |
| 01 September 2022 | £195,000 | 20 Homfray Grove, Morecambe, LA3 3AQ | Semi-Detached | Freehold |
| 13 March 2024 | £500,000 | 296 Oxcliffe Road, Heaton With Oxcliffe, Morecambe, LA3 3EJ | Detached | Freehold |
| 27 November 2023 | £190,000 | 62a Lancaster Road, Overton, Morecambe, LA3 3EZ | Detached | Freehold |
| 24 November 2023 | £240,000 | 10 Kevin Grove, Overton, Morecambe, LA3 3HA | Semi-Detached | Freehold |
| 07 November 2022 | £243,000 | 7a First Terrace, Sunderland Point, Morecambe, LA3 3HR | Detached | Freehold |
| 14 July 2023 | £192,000 | 9 Ellwood Avenue, Morecambe, LA3 3LY | Semi-Detached | Freehold |
| 26 January 2024 | £320,000 | 18 Priorsgate, Heaton With Oxcliffe, Morecambe, LA3 3RN | Semi-Detached | Leasehold |
Please note that house prices for properties sold in and around LA3 1UP during this period do not reflect current values of properties in this postcode area, they are the prices paid at the time of sale. Prices paid is property price data for single residential property sales in England and Wales, sold on the market at full market value, and lodged with the Land Registry for registration.
For more information about the statistical data sets contained on this page, visit https://www.gov.uk/government/statistical-data-sets.
Average monthly mortgage payments
Data on this page contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0. Property data and analysis from PropertyData.co.uk.
Statistical Data Sets
Statistics extracted are from the UK House Price Index, published each month from HM Land Registry, and broken down into Country, Region, and County level.
All content is available under the Open Government Licence v3.0, except where otherwise stated
