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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 8, Park Avenue, Lancaster is a early-century freehold house with 847 ft2 of internal area and sits on a 211 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 8, Park Avenue, Lancaster is £272,838 and the estimated rental value is £929 per month.
Park Avenue, Lancaster, LA1 is located in the borough of Lancaster within the LA1 postal district.
8, Park Avenue, Lancaster has a single entry in the Land Registry from December 2010 and a single entry in the EPC database dated October 2010.
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.
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 8, Park Avenue, Lancaster is in very good condition we estimate a sale value of £286,479 and a rental value of £975 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £253,739 and a rental value of £864 per month.
Over the last 12 months the sale value of 8 Park Avenue Lancaster has decreased by an estimated £630 (0.2%) and its rental value has increased by an estimated £32 per month (3.5%), giving an expected gross yield of 4.1%.
According to data from HM Land Registry, 8, Park Avenue, Lancaster sits on a plot of 211m2.
We have plot size data on 19 out of 22 other houses in the postcode and 8, Park Avenue, Lancaster sits on the 19th largest plot.
8, Park Avenue, Lancaster has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Oct 2010.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 8, Park Avenue, Lancaster was last sold on 3rd December 2010 for £171,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since December 2010, the market for similar properties has risen 23.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Park Avenue, Lancaster within a radius of 550 metres over the last 2 years.
The most recent example is 6, Park Avenue, Lancaster, LA1 3DX, a freehold house which sold for £251,500 on the 27th February 2023.
Read more about house prices in LA1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Avenue, Lancaster, LA1 has a total of 22 addresses. According to our analysis of all the public data, 8, Park Avenue, Lancaster is the 17th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £28k more expensive than the average property in LA1.
The closest station to 8, Park Avenue, Lancaster is Lancaster station which is 1.5 kilometres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast 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 8, Park Avenue, Lancaster, 40.8% of property is privately owned outright and 40.8% 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 8, Park Avenue, Lancaster, 25.2% of residents are recorded as possessing school level qualifications and 45.8% 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 8, Park Avenue, Lancaster, the average age was 37.9 and the most common age was 37.
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 8, Park Avenue, Lancaster, 0.0% 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 8, Park Avenue, Lancaster, there are an average of 1.4 cars per household.
See below for how this compares to North West and the rest of England & Wales.
