2, Gressingham House
2, Gressingham House
Description & Estimates
According to the public record, 2, Gressingham House, Lancaster is a mid-century leasehold apartment with 818 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 2, Gressingham House, Lancaster is £109,519 and the estimated rental value is £571 per month.
The apartment is within Gressingham House, Gressingham Drive, Lancaster, LA1.
Gressingham Drive, Lancaster, LA1 is located in the borough of Lancaster within the LA1 postal district.
Our Data Sources
2, Gressingham House, Lancaster has 2 entries in the Land Registry , most recently in September 2019 and a single entry in the EPC database dated March 2019.
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.
Price Range & Condition
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 2, Gressingham House, Lancaster is in very good condition we estimate a sale value of £114,995 and a rental value of £599 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £101,852 and a rental value of £531 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 2, Gressingham House, Lancaster has moved up by £131 (0.1%), while its estimated rental value has increased by £22 per month (3.9%). Based on current estimates, the property offers a gross rental yield of 6.3%.
Energy Efficiency
2, Gressingham House, Lancaster has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Mar 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 2, Gressingham House, Lancaster was last sold on 27th September 2019 for £89,950 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since September 2019, the market for similar properties has risen by 41.3%.
- Sold Sep 2019£89,950
- Sold May 2013£72,500
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Gressingham House, Lancaster within a radius of 620 metres over the last 2 years.
The most recent example is 11, Sandfield House, Hala Road, Lancaster, LA1 4QN, a leasehold flat which sold for £97,000 on the 6th June 2022.
Read more about house prices in LA1.
- Sold Jun 2022£97,000 | 2 Bed FlatSandfield House, Hala Road11, Sandfield House, Hala Road, Lancaster, LA1 4QN
- Sold Feb 2021£105,000 | 2 Bed FlatAbbeystead House, Abbeystead Drive8, Abbeystead House, Abbeystead Drive, Lancaster, LA1 4QR
- Sold Dec 2020£100,000 | 2 Bed FlatGressingham House, Gressingham Drive14, Gressingham House, Gressingham Drive, Lancaster, LA1 4RG
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Gressingham Drive, Lancaster, LA1 has a total of 104 addresses. According to our analysis of all the public data, 2, Gressingham House, Lancaster is the 64th largest and the 92nd most expensive property on the street.
When compared to the postcode district it is £136k less expensive than the average property in LA1.
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Schools Nearby
- 600mScotforth St Paul's Church of England Primary and Nursery School
- 600mMoorside Primary School
- 700mSt Bernadette's Catholic Primary School, Lancaster
- 1.5kmRipley St Thomas Church of England Academy
- 2.1kmLancaster Royal Grammar School
- 2.2kmLancaster Girls' Grammar School
More reading links
Public Transport Nearby
The closest station to 2, Gressingham House, Lancaster is Lancaster station, which is 2.6 kilometres away.
- 2.6kmLancaster
- 6.1kmBare Lane
- 7.0kmMorecambe
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
