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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, Redcar Road, Lancaster is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,059 ft2 of internal area and sits on a 578 m2 plot and a garden.
Houses of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Redcar Road, Lancaster is £278,849 and the estimated rental value is £1,019 per month.
Redcar Road, Lancaster, LA1 is located in the borough of Lancaster within the LA1 postal district.
2, Redcar Road, Lancaster has a single entry in the Land Registry from October 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 2 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 2, Redcar Road, Lancaster is in very good condition we estimate a sale value of £292,791 and a rental value of £1,069 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £259,329 and a rental value of £947 per month.
Over the last 12 months the sale value of 2 Redcar Road Lancaster has increased by an estimated £1,585 (0.6%) and its rental value has increased by an estimated £38 per month (3.7%), giving an expected gross yield of 4.4%.
According to data from HM Land Registry, 2, Redcar Road, Lancaster sits on a plot of 578m2.
We have plot size data on 12 out of 15 other houses in the postcode and 2, Redcar Road, Lancaster sits on the 3rd largest plot.
According to HM Land Registry, 2, Redcar Road, Lancaster was last sold on 17th October 2007 for £215,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since October 2007, the market for similar properties has risen 6.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Redcar Road, Lancaster within a radius of 760 metres over the last 2 years.
The most recent example is 50, Knowe Hill Crescent, Lancaster, LA1 4JY, a freehold house which sold for £279,000 on the 24th March 2023.
Read more about house prices in LA1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Redcar Road, Lancaster, LA1 has a total of 15 addresses. According to our analysis of all the public data, 2, Redcar Road, Lancaster is the 5th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £66k more expensive than the average property in LA1.
The closest station to 2, Redcar Road, Lancaster is Lancaster station which is 2.7 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, Redcar Road, Lancaster, 66.4% of property is privately owned outright and 27.5% 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 2, Redcar Road, Lancaster, 19.3% of residents are recorded as possessing school level qualifications and 46.3% 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, Redcar Road, Lancaster, the average age was 34.2 and the most common age was 17.
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, Redcar Road, Lancaster, 0.7% 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, Redcar Road, Lancaster, there are an average of 1.3 cars per household.
See below for how this compares to North West and the rest of England & Wales.
