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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, 331, Bowerham Road, Lancaster is a modern freehold house with 1,097 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 331, Bowerham Road, Lancaster is £340,559 and the estimated rental value is £1,178 per month.
Bowerham Road, Lancaster, LA1 is located in the borough of Lancaster within the LA1 postal district.
331, Bowerham Road, Lancaster has a single entry in the Land Registry from February 2022 and a single entry in the EPC database dated January 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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 331, Bowerham Road, Lancaster is in very good condition we estimate a sale value of £357,587 and a rental value of £1,237 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £316,720 and a rental value of £1,096 per month.
Over the last 12 months the sale value of 331 Bowerham Road Lancaster has increased by an estimated £1,935 (0.6%) and its rental value has increased by an estimated £43 per month (3.7%), giving an expected gross yield of 4.2%.
331, Bowerham Road, Lancaster has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 20 Jan 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 331, Bowerham Road, Lancaster was last sold on 25th February 2022 for £295,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since February 2022, the market for similar properties has dropped 29.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 331, Bowerham Road, Lancaster within a radius of 780 metres over the last 2 years.
The most recent example is 325, Bowerham Road, Lancaster, LA1 4AS, a freehold house which sold for £350,000 on the 3rd March 2023.
Read more about house prices in LA1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bowerham Road, Lancaster, LA1 has a total of 453 addresses. According to our analysis of all the public data, 331, Bowerham Road, Lancaster is the 117th largest and the 66th most expensive property on the street.
When compared to the postcode district it is £127k more expensive than the average property in LA1.
The closest station to 331, Bowerham Road, Lancaster is Lancaster station which is 2.7 kilometres away.
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 331, Bowerham Road, Lancaster, 51.6% of property is privately owned outright and 33.6% 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 331, Bowerham Road, Lancaster, 18.4% of residents are recorded as possessing school level qualifications and 45.4% 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 331, Bowerham 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 331, Bowerham Road, Lancaster, 0.3% 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 331, Bowerham Road, Lancaster, there are an average of 1.8 cars per household.
See below for how this compares to North West and the rest of England & Wales.
