Stay up to date
Stay up to date
Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
  | Â
VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
Be the first Estate
Agent here!
According to the public record, 2 Mill Waters, Lancaster is a modern apartment with 484 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 Mill Waters, Lancaster is £74,436 and the estimated rental value is £452 per month.
The apartment is within Mill Waters, Main Street, Lancaster, LA1.
Main Street, Lancaster, LA1 is located in the borough of Lancaster within the LA1 postal district.
2 Mill Waters, Lancaster has no records in the the Land Registry and a single entry in the EPC database dated February 2022.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 2 Mill Waters, Lancaster is in very good condition we estimate a sale value of £78,158 and a rental value of £475 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £69,225 and a rental value of £420 per month.
Over the last 12 months the sale value of 2 Mill Waters Lancaster has increased by an estimated £89 (0.1%) and its rental value has increased by an estimated £18 per month (3.9%), giving an expected gross yield of 7.3%.
2 Mill Waters, Lancaster has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Feb 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 the Land Registry and our network of Estate Agents, there have been 3 property sales within a 540 metres radius of 2 Mill Waters, Lancaster over the last 2 years.
The most recent example is 92, Broadway, Lancaster, LA1 2BU, a freehold house which sold for £137,500 on the 3rd June 2024.
Read more about house prices in LA1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Main Street, Lancaster, LA1 has a total of 76 addresses. According to our analysis of all the public data, 2 Mill Waters, Lancaster is the 37th largest and the 39th most expensive property on the street.
When compared to the postcode district it is £171k less expensive than the average property in LA1.
The closest station to 2 Mill Waters, Lancaster is Lancaster station which is 1.4 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 2 Mill Waters, Lancaster, 75.2% of property is socially rented and 11.0% is privately rented.
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 2 Mill Waters, Lancaster, 5.8% of residents are recorded as possessing school level qualifications and 17.4% 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 2 Mill Waters, Lancaster, the average age was 38.7 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 2 Mill Waters, 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 2 Mill Waters, Lancaster, there are an average of 0.3 cars per household.
See below for how this compares to North West and the rest of England & Wales.
