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According to the public record, 16, Springfield, Lancaster is a modern freehold house with 1,399 ft2 of internal area.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 16, Springfield, Lancaster is £357,467 and the estimated rental value is £1,362 per month.
Springfield, Bentham, Lancaster, LA2 is located within the LA2 postal district.
16, Springfield, Lancaster has a single entry in the Land Registry from October 2022 and a single entry in the EPC database dated July 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 16, Springfield, Lancaster is in very good condition we estimate a sale value of £375,341 and a rental value of £1,430 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £332,445 and a rental value of £1,266 per month.
Over the last 12 months the sale value of 16 Springfield Lancaster has decreased by an estimated £310 (0.1%) and its rental value has increased by an estimated £39 per month (2.9%), giving an expected gross yield of 4.6%.
16, Springfield, Lancaster has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 Jul 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 16, Springfield, Lancaster was last sold on 21st October 2022 for £350,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since October 2022, the market for similar properties has risen 36.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Springfield, Lancaster within a radius of 3.6 kilometres over the last 2 years.
The most recent example is 24, Butterbergh, Lancaster, LA2 7FG, a freehold house which sold for £325,000 on the 24th August 2023.
Read more about house prices in LA2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Springfield, Bentham, Lancaster, LA2 has a total of 36 addresses. According to our analysis of all the public data, 16, Springfield, Lancaster is the 18th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £37k more expensive than the average property in LA2.
The closest station to 16, Springfield, Lancaster is Bentham station which is 600 metres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 16, Springfield, Lancaster, 56.0% of property is privately owned outright and 27.4% is privately owned with a mortgage.
The graph below shows how this compares to Yorkshire and The Humber and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 16, Springfield, Lancaster, 14.9% of residents are recorded as possessing school level qualifications and 38.4% as possessing degree level qualifications.
The graph below shows how this compares to Yorkshire and The Humber and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 16, Springfield, Lancaster, the average age was 48.5 and the most common age was 62.
The graph below shows how this compares to Yorkshire and The Humber and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 16, Springfield, Lancaster, 0.5% of property was a second home.
Comparison figures for Yorkshire and The Humber and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 16, Springfield, Lancaster, there are an average of 1.6 cars per household.
See below for how this compares to Yorkshire and The Humber and the rest of England & Wales.
