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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
According to the public record, Bank House, Lancaster is a mid-century freehold house with 2,518 ft2 of internal area and sits on a 791 m2 plot.
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 Bank House, Lancaster is £586,405 and the estimated rental value is £1,874 per month.
Farleton, Lancaster, LA2 is located in the borough of Lancaster within the LA2 postal district.
Bank House, Lancaster has a single entry in the Land Registry from October 2022 and a single entry in the EPC database dated March 2014.
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 Bank House, Lancaster is in very good condition we estimate a sale value of £615,726 and a rental value of £1,967 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £545,357 and a rental value of £1,743 per month.
Over the last 12 months the sale value of Bank House Lancaster has decreased by an estimated £5,731 (1.0%) and its rental value has increased by an estimated £44 per month (2.3%), giving an expected gross yield of 3.8%.
According to data from HM Land Registry, Bank House, Lancaster sits on a plot of 791m2.
We have plot size data on 19 out of 39 other houses in the postcode and Bank House, Lancaster sits on the 11th largest plot.
Bank House, Lancaster has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 10 Mar 2014.
The property is not connected to mains gas and has full secondary glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Bank House, Lancaster was last sold on 6th October 2022 for £500,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since October 2022, the market for similar properties has dropped 2.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Bank House, Lancaster within a radius of 4.9 kilometres over the last 2 years.
The most recent example is Holme Farm, Lancaster, LA2 9LF, a freehold house which sold for £695,000 on the 9th December 2021.
Read more about house prices in LA2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Farleton, Lancaster, LA2 has a total of 47 addresses. According to our analysis of all the public data, Bank House, Lancaster is the 9th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £266k more expensive than the average property in LA2.
The closest station to Bank House, Lancaster is Wennington station which is 5.3 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.
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The recent census recorded whether a resident owned or rented their home.
In the area around Bank House, Lancaster, 50.0% of property is privately owned outright and 27.7% 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 Bank House, Lancaster, 17.8% of residents are recorded as possessing school level qualifications and 44.5% 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 Bank House, Lancaster, the average age was 48.5 and the most common age was 57.
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 Bank House, Lancaster, 2.1% 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 Bank House, Lancaster, there are an average of 1.5 cars per household.
See below for how this compares to North West and the rest of England & Wales.
