3, Mill Lane Mews
3, Mill Lane Mews
Description & Estimates
Public records show 3, Mill Lane Mews, Lancaster to be a modern leasehold house with 1,883 ft2 of internal area.
In this area, houses of this size normally have 4 bedrooms with a garden.
3, Mill Lane Mews, Lancaster has an estimated sale value of £469,529 and an estimated rental value of £1,410 per month, assuming reasonable condition and based on the information available.
Mill Lane Mews, Halton, Lancaster, LA2 lies in the borough of Lancaster, within the LA2 postal district.
Our Data Sources
3, Mill Lane Mews, Lancaster has a single entry in the Land Registry from May 2016 and a single entry in the EPC database dated March 2016.
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
In very good condition, we estimate 3, Mill Lane Mews, Lancaster would be worth £493,006, with a potential rental value of £1,480 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £436,662, with a rental value of £1,311 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 3, Mill Lane Mews, Lancaster has decreased by £2,354 (0.5%) over the last year. During the same period, its estimated monthly rental value has grown by £42 (2.9%). The property's estimated gross yield is currently 3.6%.
Energy Efficiency
3, Mill Lane Mews, Lancaster has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Mar 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
3, Mill Lane Mews, Lancaster last changed hands on 27th May 2016, selling for £332,495. The transaction was logged as a leasehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 37.4% since May 2016.
- Sold May 2016£332,495
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 2.6 kilometres of 3, Mill Lane Mews, Lancaster across the last 2 years.
Most recently, 68, Foundry Close, Lancaster, LA2 6FE, a freehold house, sold at £515,000 on the 15th December 2023.
Read more about house prices in LA2.
- Sold Dec 2023£515,000 | 4 Bed House68, Foundry Close, Lancaster, LA2 6FE68, Foundry Close, Lancaster, LA2 6FE
- Sold Nov 2021£444,995 | 4 Bed House2, Foundry Close, Lancaster, LA2 6FE2, Foundry Close, Lancaster, LA2 6FE
- Sold Nov 2020£424,995 | 4 Bed House16, Foundry Close, Lancaster, LA2 6FE16, Foundry Close, Lancaster, LA2 6FE
•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 3, Mill Lane Mews, Lancaster as the 3rd largest and the 3rd most expensive of the 4 addresses on Mill Lane Mews, Halton, Lancaster, LA2.
Against the LA2 postcode district average, it is £149k more expensive than the typical property.
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Schools Nearby
- 400mSt Wilfrid's Cof E Primary School
- 2.8kmCaton Primary School
- 3.1kmCastle View Primary Academy
- 2.9kmLancaster High School
- 3.7kmOur Lady's Catholic College
- 3.8kmLancaster Royal Grammar School
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Public Transport Nearby
Lancaster station is the nearest stop to 3, Mill Lane Mews, Lancaster at 4.4 kilometres away.
- 4.4kmLancaster
- 5.0kmBare Lane
- 6.0kmCarnforth
Risk of Flooding
Environment Agency data suggests this area has a medium risk of flooding.
