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According to the public record, 18, Albion Mews, Lancaster is a mid-century leasehold apartment with 452 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 18, Albion Mews, Lancaster is £63,055 and the estimated rental value is £388 per month.
Albion Mews, Lancaster, LA1 is located in the borough of Lancaster within the LA1 postal district.
18, Albion Mews, Lancaster has 31 entries in the Land Registry , most recently in May 2019 and a single entry in the EPC database dated May 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.
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 18, Albion Mews, Lancaster is in very good condition we estimate a sale value of £66,208 and a rental value of £408 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £58,641 and a rental value of £361 per month.
Over the past 12 months, the estimated sale value of 18, Albion Mews, Lancaster has moved up by £75 (0.1%), while its estimated rental value has increased by £15 per month (3.9%). Based on current estimates, the property offers a gross rental yield of 7.4%.
18, Albion Mews, Lancaster has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 May 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
According to HM Land Registry, 18, Albion Mews, Lancaster was last sold on 24th May 2019 for £62,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since May 2019, the market for similar properties has risen by 29.7%.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Albion Mews, Lancaster within a radius of 410 metres over the last 2 years.
The most recent example is 25, Albion Mews, Lancaster, LA1 1GE, a leasehold flat which sold for £75,000 on the 12th July 2024.
Read more about house prices in LA1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Albion Mews, Lancaster, LA1 has a total of 24 addresses. According to our analysis of all the public data, 18, Albion Mews, Lancaster is the 22nd largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £182k less expensive than the average property in LA1.
The closest station to 18, Albion Mews, Lancaster is Lancaster station, which is 1.1 kilometres 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 18, Albion Mews, Lancaster, 51.6% of property is privately rented and 18.3% is privately owned outright.
The graph below shows how this compares to North West 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 18, Albion Mews, Lancaster, 54.9% of residents are recorded as possessing school level qualifications and 27.5% as possessing degree level qualifications.
The graph below shows how this compares to North West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 18, Albion Mews, Lancaster, the average age was 32.3 and the most common age was 22.
The graph below shows how this compares to North West 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 18, Albion Mews, Lancaster, 0.0% of property was a second home.
Comparison figures for North West 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 18, Albion Mews, Lancaster, there are an average of 0.8 cars per household.
See below for how this compares to North West and the rest of England & Wales.
