2, Portland Place
2, Portland Place
Description & Estimates
According to the public record, 2, Portland Place, Lancaster is a period freehold house with 1,119 ft2 of internal area and sits on a 181 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Portland Place, Lancaster is £305,354 and the estimated rental value is £934 per month.
Portland Place, Lancaster, LA1 is located in the borough of Lancaster within the LA1 postal district.
Our Data Sources
2, Portland Place, Lancaster has 31 entries in the Land Registry , most recently in June 2023 and a single entry in the EPC database dated February 2022.
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, Portland Place, Lancaster is in very good condition we estimate a sale value of £320,621 and a rental value of £980 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £283,979 and a rental value of £868 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 2, Portland Place, Lancaster has moved down by £705 (0.2%), while its estimated rental value has increased by £32 per month (3.5%). Based on current estimates, the property offers a gross rental yield of 3.7%.
Plot Size
According to data from HM Land Registry, 2, Portland Place, Lancaster sits on a plot of 181 m2.
We have plot size data on 4 out of 4 other houses in the postcode and 2, Portland Place, Lancaster sits on the 3rd largest plot.
Energy Efficiency
2, Portland Place, Lancaster has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 03 Feb 2022.
The property is connected to mains gas and has partial double glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 2, Portland Place, Lancaster was last sold on 23rd June 2023 for £325,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since June 2023, the market for similar properties has dropped by 16.3%.
- Sold Jun 2023£325,000
- Sold Oct 2016£248,500
- Sold Jan 2001£123,600
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, Portland Place, Lancaster within a radius of 520 metres over the last 2 years.
The most recent example is 27, Portland Street, Lancaster, LA1 1SY, a freehold house which sold for £225,000 on the 16th December 2024.
Read more about house prices in LA1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Portland Place, Lancaster, LA1 has a total of 4 addresses. According to our analysis of all the public data, 2, Portland Place, Lancaster is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £60k more expensive than the average property in LA1.
More reading links
Schools Nearby
- 400mLancaster Dallas Road Community Primary School
- 700mThe Cathedral Catholic Primary School, Lancaster
- 800mBowerham Primary & Nursery School
- 300mLancaster Girls' Grammar School
- 500mRipley St Thomas Church of England Academy
- 900mLancaster Royal Grammar School
More reading links
Public Transport Nearby
The closest station to 2, Portland Place, Lancaster is Lancaster station, which is 700 metres away.
- 700mLancaster
- 4.1kmBare Lane
- 5.3kmMorecambe
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
