29, Banks Way
29, Banks Way
Description & Estimates
According to the public record, 29, Banks Way, Lancaster is a mid-century apartment with 523 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 29, Banks Way, Lancaster is £129,116 and the estimated rental value is £954 per month.
Banks Way, Bentham, Lancaster, LA2 is located within the LA2 postal district.
Our Data Sources
29, Banks Way, Lancaster has no records in the the Land Registry and a single entry in the EPC database dated March 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
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 29, Banks Way, Lancaster is in very good condition we estimate a sale value of £135,572 and a rental value of £1,002 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £120,078 and a rental value of £887 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 29, Banks Way, Lancaster has fallen by £980 (0.8%), while its estimated rental value has moved up by £27 per month (2.8%). Based on current estimates, the property offers a gross rental yield of 8.9%.
Energy Efficiency
29, Banks Way, Lancaster has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Mar 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
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 29, Banks Way, Lancaster within a radius of 3.2 kilometres over the last 2 years.
The most recent example is Apartment 8, Bowland View, Scholars Rise, Lancaster, LA2 7FS, a leasehold flat which sold for £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
Banks Way, Bentham, Lancaster, LA2 has a total of 42 addresses. According to our analysis of all the public data, 29, Banks Way, Lancaster is the 28th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £192k less expensive than the average property in LA2.
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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
More reading links
Public Transport Nearby
The closest station to 29, Banks Way, Lancaster is Bentham station, which is 500 metres away.
- 500mBentham
- 5.0kmWennington
- 6.8kmClapham (North Yorkshire)
Available Internet Speeds
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.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
