7, Banks Way
7, Banks Way
Description & Estimates
7, Banks Way, Lancaster is described in the public record as a mid-century apartment with 527 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 7, Banks Way, Lancaster is £129,931 and its rental estimate is £958 per month, given the available information and assuming reasonable condition.
Banks Way, Bentham, Lancaster, LA2 falls within the LA2 postal district.
Our Data Sources
7, Banks Way, Lancaster has no records in the the Land Registry and a single entry in the EPC database dated June 2018.
We combine this information with public data 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
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 7, Banks Way, Lancaster, we estimate a market value of £136,427 and a rental value of £1,006 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £120,835 and £891 per month respectively.
Recent Market Change
Over the last year, 7, Banks Way, Lancaster has seen its estimated sale value drop by £986 (0.8%) and its estimated rental value rise by £27 per month (2.8%). This results in an estimated gross rental yield of 8.9%.
Energy Efficiency
7, Banks Way, Lancaster has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Jun 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 7, Banks Way, Lancaster have sold within a radius of 3.2 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 30th September 2024, was Apartment 8, Bowland View, Scholars Rise, Lancaster, LA2 7FS, a leasehold flat which sold for £63,000.
Read more about house prices in LA2.
- Sold Sep 2024£63,000 | 2 Bed FlatBowland View, Scholars RiseApartment 8, Bowland View, Scholars Rise, Lancaster, LA2 7FS
- Sold Jul 2024£136,125 | 2 Bed FlatBowland View, Scholars RiseApartment 26, Bowland View, Scholars Rise, Lancaster, LA2 7FS
- Sold Jul 2024£45,375 | 2 Bed FlatBowland View, Scholars RiseApartment 47, Bowland View, Scholars Rise, Lancaster, LA2 7FS
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 42 addresses on Banks Way, Bentham, Lancaster, LA2, 7, Banks Way, Lancaster comes out as the 27th largest and the 28th most expensive in our analysis of the public data.
It is also £191k less expensive than the average property across the LA2 district.
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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
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Public Transport Nearby
From 7, Banks Way, Lancaster, the nearest station is Bentham, 500 metres away.
- 500mBentham
- 5.0kmWennington
- 6.8kmClapham (North Yorkshire)
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.
