25, Banks Way
25, Banks Way
Description & Estimates
The public record describes 25, Banks Way, Lancaster as a mid-century apartment with 520 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
25, Banks Way, Lancaster has an estimated sale value of £129,633 and an estimated rental value of £960 per month, assuming reasonable condition and based on the information available.
Banks Way, Bentham, Lancaster, LA2 lies within the LA2 postal district.
Our Data Sources
25, Banks Way, Lancaster has no records in the the Land Registry and a single entry in the EPC database dated July 2010.
We combine this information with public data 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
In very good condition, we estimate 25, Banks Way, Lancaster would be worth £136,115, with a potential rental value of £1,008 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £120,559, with a rental value of £893 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 25, Banks Way, Lancaster has moved down by £984 (0.8%) over the last year. During the same period, its estimated monthly rental value has increased by £27 (2.8%). The property's estimated gross yield is currently 8.9%.
Energy Efficiency
25, Banks Way, Lancaster has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Jul 2010.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 3.2 kilometres of 25, Banks Way, Lancaster across the last 2 years.
Most recently, Apartment 8, Bowland View, Scholars Rise, Lancaster, LA2 7FS, a leasehold flat, sold at £63,000 on the 30th September 2024.
Read more about house prices in LA2.
- Sold Sep 2024£63,000 | 2 Bed FlatBowland View, Scholars RiseApartment 8, Bowland View, Scholars Rise, Lancaster, LA2 7FS
- Sold Jul 2024£136,125 | 2 Bed FlatBowland View, Scholars RiseApartment 26, Bowland View, Scholars Rise, Lancaster, LA2 7FS
- Sold Jul 2024£45,375 | 2 Bed FlatBowland View, Scholars RiseApartment 47, Bowland View, Scholars Rise, Lancaster, LA2 7FS
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 25, Banks Way, Lancaster as the 30th largest and the 29th most expensive of the 42 addresses on Banks Way, Bentham, Lancaster, LA2.
Against the LA2 postcode district average, it is £191k less expensive than the typical property.
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Schools Nearby
- 600mBentham Community Primary School
- 4.1kmIngleton Primary School
- 4.8kmTatham Fells Church of England Voluntary Controlled Primary School
- 10.9kmQueen Elizabeth School
- 10.9kmQueen Elizabeth Studio School
- 15.7kmSettle College
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Public Transport Nearby
Bentham station is the nearest stop to 25, Banks Way, Lancaster at 500 metres away.
- 500mBentham
- 5.0kmWennington
- 6.8kmClapham (North Yorkshire)
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
