2 The Millrace, Lancaster
2 The Millrace, Lancaster
Description & Estimates
2 The Millrace, Lancaster is recorded publicly as a modern leasehold apartment across 807 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony.
Our estimate of the sale value of 2 The Millrace, Lancaster is £177,617 and its rental estimate is £647 per month, given the available information and assuming reasonable condition.
The Millrace, Damside Street is a residential building on Damside Street, Lancaster, LA1 and falls within the LA1 postal district and the borough of Lancaster.
Our Data Sources
2 The Millrace, Lancaster has 31 entries in the Land Registry , most recently in October 2019 and a single entry in the EPC database dated April 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 2 The Millrace, Lancaster, we estimate a market value of £186,497 and a rental value of £679 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £165,183 and £601 per month respectively.
Recent Market Change
Over the last year, 2 The Millrace, Lancaster has seen its estimated sale value climb by £2,003 (1.1%) and its estimated rental value rise by £32 per month (4.9%). This results in an estimated gross rental yield of 4.4%.
Energy Efficiency
2 The Millrace, Lancaster has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Apr 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Sold Prices
The most recent sale of 2 The Millrace, Lancaster completed on 16th October 2019 at £117,500 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 57.2% over the period since October 2019.
- Sold Oct 2019£117,500
- Sold Jun 2009£133,000
- Sold Sep 2006£170,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2 The Millrace, Lancaster have sold within a radius of 500 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 30th January 2026, was 23 Lune Square, Damside Street, Lancaster, LA1 1AH, a leasehold flat which sold for £125,000.
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
Of the 143 addresses on Damside Street, Lancaster, LA1, 2 The Millrace, Lancaster comes out as the 56th largest and the 23rd most expensive in our analysis of the public data.
It is also £67k less expensive than the average property across the LA1 district.
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Schools Nearby
- 500mLancaster Dallas Road Community Primary School
- 800mThe Cathedral Catholic Primary School, Lancaster
- 900mWillow Lane Community Primary School
- 400mOur Lady's Catholic College
- 600mLancaster Girls' Grammar School
- 900mLancaster Royal Grammar School
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Public Transport Nearby
From 2 The Millrace, Lancaster, the nearest station is Lancaster, 500 metres away.
- 500mLancaster
- 3.5kmBare Lane
- 4.9kmMorecambe
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
