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According to the public record, 7, Burrow Heights Lane, Lancaster is a modern freehold house with 2,777 ft2 of internal area.
Houses of this size in this area normally have 5 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 7, Burrow Heights Lane, Lancaster is £758,563 and the estimated rental value is £2,397 per month.
Burrow Heights Lane, Lancaster, LA2 is located in the borough of Lancaster within the LA2 postal district.
7, Burrow Heights Lane, Lancaster has a single entry in the Land Registry from March 2022 and a single entry in the EPC database dated March 2022.
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.
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 7, Burrow Heights Lane, Lancaster is in very good condition we estimate a sale value of £796,491 and a rental value of £2,517 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £705,463 and a rental value of £2,229 per month.
Over the last 12 months the sale value of 7 Burrow Heights Lane Lancaster has decreased by an estimated £7,414 (1.0%) and its rental value has increased by an estimated £56 per month (2.3%), giving an expected gross yield of 3.8%.
7, Burrow Heights Lane, Lancaster has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 09 Mar 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, Systems with radiators, electric.
According to HM Land Registry, 7, Burrow Heights Lane, Lancaster was last sold on 18th March 2022 for £760,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since March 2022, the market for similar properties has risen 17.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Burrow Heights Lane, Lancaster within a radius of 1.8 kilometres over the last 2 years.
The most recent example is Gin Ring Barn, Burrow Heights Farm, Burrow Heights Lane, Lancaster, LA2 0PG, a freehold house which sold for £640,000 on the 10th November 2022.
Read more about house prices in LA2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Burrow Heights Lane, Lancaster, LA2 has a total of 19 addresses. According to our analysis of all the public data, 7, Burrow Heights Lane, Lancaster is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £438k more expensive than the average property in LA2.
The closest station to 7, Burrow Heights Lane, Lancaster is Lancaster station which is 4.0 kilometres away.
According to recent data from Ofcom, there is poor internet coverage in this area which may result in poor or no internet connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
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 7, Burrow Heights Lane, 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 7, Burrow Heights Lane, 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 7, Burrow Heights Lane, 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 7, Burrow Heights Lane, 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 7, Burrow Heights Lane, 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.
