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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 2, Park Square, Lancaster is a mid-century apartment with 699 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, Park Square, Lancaster is £90,376 and the estimated rental value is £570 per month.
Park Square, Lancaster, LA1 is located in the borough of Lancaster within the LA1 postal district.
2, Park Square, Lancaster has no records in the the Land Registry and a single entry in the EPC database dated June 2023.
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, Park Square, Lancaster is in very good condition we estimate a sale value of £94,895 and a rental value of £598 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £84,050 and a rental value of £530 per month.
Over the last 12 months the sale value of 2 Park Square Lancaster has increased by an estimated £831 (0.9%) and its rental value has increased by an estimated £23 per month (4.0%), giving an expected gross yield of 7.6%.
2, Park Square, Lancaster has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Jun 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 430 metres radius of 2, Park Square, Lancaster over the last 2 years.
The most recent example is 18, Park Square, Lancaster, LA1 3EH, a leasehold flat which sold for £68,000 on the 30th January 2020.
Read more about house prices in LA1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Square, Lancaster, LA1 has a total of 36 addresses. According to our analysis of all the public data, 2, Park Square, Lancaster is the 11th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £123k less expensive than the average property in LA1.
The closest station to 2, Park Square, 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 2, Park Square, Lancaster, 38.6% of property is privately owned with a mortgage and 33.6% 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 2, Park Square, Lancaster, 25.6% of residents are recorded as possessing school level qualifications and 58.9% 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, Park Square, Lancaster, the average age was 37.9 and the most common age was 37.
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, Park Square, Lancaster, 1.0% 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, Park Square, Lancaster, there are an average of 1.1 cars per household.
See below for how this compares to North West and the rest of England & Wales.
