50, Watery Lane
50, Watery Lane
Description & Estimates
50, Watery Lane, Lancaster is recorded publicly as a mid-century leasehold apartment across 656 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 50, Watery Lane, Lancaster is £97,316 and its rental estimate is £548 per month, given the available information and assuming reasonable condition.
Watery Lane, Lancaster, LA1 falls within the LA1 postal district, in the borough of Lancaster.
Our Data Sources
50, Watery Lane, Lancaster has a single entry in the Land Registry from November 2007 and a single entry in the EPC database dated May 2017.
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 50, Watery Lane, Lancaster, we estimate a market value of £102,182 and a rental value of £575 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £90,504 and £509 per month respectively.
Recent Market Change
Over the last year, 50, Watery Lane, Lancaster has seen its estimated sale value climb by £116 (0.1%) and its estimated rental value rise by £21 per month (3.9%). This results in an estimated gross rental yield of 6.8%.
Energy Efficiency
50, Watery Lane, Lancaster has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 May 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric underfloor heating.
Sold Prices
The most recent sale of 50, Watery Lane, Lancaster completed on 23rd November 2007 at £108,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 38.4% over the period since November 2007.
- Sold Nov 2007£108,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 50, Watery Lane, Lancaster have sold within a radius of 650 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 21st February 2023, was 58, Watery Lane, Lancaster, LA1 2SL, a leasehold flat which sold for £85,000.
Read more about house prices in LA1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 89 addresses on Watery Lane, Lancaster, LA1, 50, Watery Lane, Lancaster comes out as the 81st largest and the 83rd most expensive in our analysis of the public data.
It is also £148k less expensive than the average property across the LA1 district.
More reading links
Schools Nearby
- 400mLancaster Ryelands Primary School
- 800mSkerton St Luke's Church of England Primary School
- 1.0kmSt Josephs Catholic Primary School, Lancaster
- 1.3kmOur Lady's Catholic College
- 2.1kmLancaster Girls' Grammar School
- 2.3kmLancaster High School
More reading links
Public Transport Nearby
From 50, Watery Lane, Lancaster, the nearest station is Lancaster, 1.8 kilometres away.
- 1.8kmLancaster
- 1.9kmBare Lane
- 3.7kmMorecambe
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
