39, Banks Way
39, Banks Way
Description & Estimates
According to the public record, 39, Banks Way, Lancaster is a mid-century freehold house with 775 ft2 of internal area and sits on a 261 m2 plot.
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 39, Banks Way, Lancaster is £162,422 and the estimated rental value is £1,005 per month.
Banks Way, Bentham, Lancaster, LA2 is located within the LA2 postal district.
Our Data Sources
39, Banks Way, Lancaster has 31 entries in the Land Registry , most recently in April 2023 and a single entry in the EPC database dated September 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high 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 39, Banks Way, Lancaster is in very good condition we estimate a sale value of £170,543 and a rental value of £1,056 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £151,052 and a rental value of £935 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 39, Banks Way, Lancaster has moved up by £580 (0.4%), while its estimated rental value has increased by £32 per month (3.1%). Based on current estimates, the property offers a gross rental yield of 7.4%.
Plot Size
According to data from HM Land Registry, 39, Banks Way, Lancaster sits on a plot of 261 m2.
We have plot size data on 16 out of 32 other houses in the postcode and 39, Banks Way, Lancaster sits on the 4th largest plot.
Energy Efficiency
39, Banks Way, Lancaster has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Sep 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 39, Banks Way, Lancaster was last sold on 6th April 2023 for £143,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since April 2023, the market for similar properties has risen by 35.3%.
- Sold Apr 2023£143,000
- Sold Dec 2015£90,000
- Sold Apr 2005£57,750
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 39, Banks Way, Lancaster within a radius of 3.2 kilometres over the last 2 years.
The most recent example is 26, Banks Way, Lancaster, LA2 7JH, a freehold house which sold for £178,000 on the 27th February 2024.
Read more about house prices in LA2.
•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, 39, Banks Way, Lancaster is the 23rd largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £158k less expensive than the average property in LA2.
More reading links
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 39, 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.
