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According to the public record, 18, Rays Drive, Lancaster is a early-century freehold house with 1,851 ft2 of internal area and sits on a 173 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 18, Rays Drive, Lancaster is £396,269 and the estimated rental value is £1,252 per month.
Rays Drive, Lancaster, LA1 is located in the borough of Lancaster within the LA1 postal district.
18, Rays Drive, Lancaster has 31 entries in the Land Registry , most recently in March 2019 and a single entry in the EPC database dated January 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 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 18, Rays Drive, Lancaster is in very good condition we estimate a sale value of £416,082 and a rental value of £1,315 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £368,530 and a rental value of £1,165 per month.
Over the last 12 months the sale value of 18 Rays Drive Lancaster has decreased by an estimated £1,932 (0.5%) and its rental value has increased by an estimated £33 per month (2.7%), giving an expected gross yield of 3.8%.
According to data from HM Land Registry, 18, Rays Drive, Lancaster sits on a plot of 173m2.
We have plot size data on 16 out of 23 other houses in the postcode and 18, Rays Drive, Lancaster sits on the 17th largest plot.
18, Rays Drive, Lancaster has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Jan 2016.
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, 18, Rays Drive, Lancaster was last sold on 28th March 2019 for £223,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since March 2019, the market for similar properties has dropped 13.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Rays Drive, Lancaster within a radius of 870 metres over the last 2 years.
The most recent example is 2C, Yealand Drive, Lancaster, LA1 4EW, a freehold house which sold for £475,000 on the 21st October 2022.
Read more about house prices in LA1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rays Drive, Lancaster, LA1 has a total of 28 addresses. According to our analysis of all the public data, 18, Rays Drive, Lancaster is the largest and the most expensive property on the street.
When compared to the postcode district it is £183k more expensive than the average property in LA1.
The closest station to 18, Rays Drive, Lancaster is Lancaster station which is 2.8 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, Rays Drive, Lancaster, 50.0% of property is privately owned outright and 34.2% is privately owned with a mortgage.
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, Rays Drive, Lancaster, 21.8% of residents are recorded as possessing school level qualifications and 47.5% 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, Rays Drive, Lancaster, the average age was 39.7 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, Rays Drive, Lancaster, 1.1% 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, Rays Drive, Lancaster, there are an average of 1.4 cars per household.
See below for how this compares to North West and the rest of England & Wales.
