5, Oakwood Gardens
5, Oakwood Gardens
Description & Estimates
5, Oakwood Gardens, Lancaster is recorded publicly as a modern freehold house across 1,765 ft2 of internal area, sitting on a 607 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 5, Oakwood Gardens, Lancaster is £510,868 and its rental estimate is £1,384 per month, given the available information and assuming reasonable condition.
Oakwood Gardens, Lancaster, LA1 falls within the LA1 postal district, in the borough of Lancaster.
Our Data Sources
5, Oakwood Gardens, Lancaster has 21 entries in the Land Registry , most recently in April 2021 and a single entry in the EPC database dated October 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 5, Oakwood Gardens, Lancaster, we estimate a market value of £536,411 and a rental value of £1,453 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £475,107 and £1,287 per month respectively.
Recent Market Change
Over the last year, 5, Oakwood Gardens, Lancaster has seen its estimated sale value fall by £2,392 (0.5%) and its estimated rental value move up by £42 per month (3.1%). This results in an estimated gross rental yield of 3.3%.
Plot Size
HM Land Registry records the plot of land for 5, Oakwood Gardens, Lancaster as measuring 607 m2.
That makes it the 9th largest plot in the postcode, where 13 of the 15 other houses have recorded plot data.
Energy Efficiency
5, Oakwood Gardens, Lancaster has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Oct 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 5, Oakwood Gardens, Lancaster completed on 15th April 2021 at £410,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 9.9% over the period since April 2021.
- Sold Apr 2021£410,000
- Sold Nov 2005£295,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 5, Oakwood Gardens, Lancaster have sold within a radius of 1.1 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 16th August 2024, was 4, Oakwood Gardens, Lancaster, LA1 4PF, a freehold house which sold for £550,000.
Read more about house prices in LA1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 15 addresses on Oakwood Gardens, Lancaster, LA1, 5, Oakwood Gardens, Lancaster comes out as the 10th largest and the 9th most expensive in our analysis of the public data.
It is also £266k more expensive than the average property across the LA1 district.
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Schools Nearby
- 1.1kmScotforth St Paul's Church of England Primary and Nursery School
- 1.3kmMoorside Primary School
- 1.4kmSt Bernadette's Catholic Primary School, Lancaster
- 2.0kmRipley St Thomas Church of England Academy
- 2.7kmLancaster Girls' Grammar School
- 2.8kmLancaster Royal Grammar School
More reading links
Public Transport Nearby
From 5, Oakwood Gardens, Lancaster, the nearest station is Lancaster, 3.1 kilometres away.
- 3.1kmLancaster
- 6.5kmBare Lane
- 7.3kmMorecambe
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
