15, Albion Mews
15, Albion Mews
Description & Estimates
15, Albion Mews, Lancaster is recorded publicly as a mid-century leasehold apartment across 527 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 15, Albion Mews, Lancaster is £67,260 and its rental estimate is £401 per month, given the available information and assuming reasonable condition.
Albion Mews, Lancaster, LA1 falls within the LA1 postal district, in the borough of Lancaster.
Our Data Sources
15, Albion Mews, Lancaster has a single entry in the Land Registry from September 2017 and a single entry in the EPC database dated June 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 15, Albion Mews, Lancaster, we estimate a market value of £70,623 and a rental value of £421 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £62,552 and £373 per month respectively.
Recent Market Change
Over the last year, 15, Albion Mews, Lancaster has seen its estimated sale value increase by £80 (0.1%) and its estimated rental value grow by £16 per month (3.9%). This results in an estimated gross rental yield of 7.2%.
Energy Efficiency
15, Albion Mews, Lancaster has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 22 Jun 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using No system present: electric heaters assumed.
Sold Prices
The most recent sale of 15, Albion Mews, Lancaster completed on 12th September 2017 at £59,500 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 29.9% over the period since September 2017.
- Sold Sep 2017£59,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 15, Albion Mews, Lancaster have sold within a radius of 420 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 12th July 2024, was 25, Albion Mews, Lancaster, LA1 1GE, a leasehold flat which sold for £75,000.
Read more about house prices in LA1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 24 addresses on Albion Mews, Lancaster, LA1, 15, Albion Mews, Lancaster comes out as the 17th largest and the 17th most expensive in our analysis of the public data.
It is also £178k less expensive than the average property across the LA1 district.
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Schools Nearby
- 400mCastle View Primary Academy
- 500mThe Cathedral Catholic Primary School, Lancaster
- 600mLancaster Christ Church Church of England Primary School
- 500mLancaster Royal Grammar School
- 700mLancaster High School
- 700mOur Lady's Catholic College
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Public Transport Nearby
From 15, Albion Mews, Lancaster, the nearest station is Lancaster, 1.1 kilometres away.
- 1.1kmLancaster
- 3.9kmBare Lane
- 5.5kmMorecambe
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
