Flat 1, 8
Flat 1, 8
Description & Estimates
Flat 1, 8, Park Road, Milnthorpe is recorded publicly as a period Leasehold apartment across 236 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom with a garden.
Our estimate of the sale value of Flat 1, 8, Park Road, Milnthorpe is £144,091 and its rental estimate is £615 per month, given the available information and assuming reasonable condition.
8, Park Road is a residential building on Park Road, Milnthorpe, LA7 and falls within the LA7 postal district.
Our Data Sources
Flat 1, 8, Park Road, Milnthorpe has a single entry in the Land Registry from March 2016 and a single entry in the EPC database dated October 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 Flat 1, 8, Park Road, Milnthorpe, we estimate a market value of £151,295 and a rental value of £646 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £134,004 and £572 per month respectively.
Recent Market Change
Over the last year, Flat 1, 8, Park Road, Milnthorpe has seen its estimated sale value climb by £1,253 (0.9%) and its estimated rental value rise by £26 per month (4.3%). This results in an estimated gross rental yield of 5.1%.
Energy Efficiency
Flat 1, 8, Park Road, Milnthorpe has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 31 Oct 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Sold Prices
The most recent sale of Flat 1, 8, Park Road, Milnthorpe completed on 31st March 2016 at £120,000 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 dropped by 10.6% over the period since March 2016.
- Sold Mar 2016£120,000
Properties Sold Nearby
Over the past 2 years 3 properties have sold within 2.8 kilometres of Flat 1, 8, Park Road, Milnthorpe, per the Land Registry and our network of Estate Agents.
The latest, on the 17th October 2024, was 11, Park Road, Milnthorpe, LA7 7AD, a freehold house which sold for £678,000.
Read more about house prices in LA7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 59 addresses on Park Road, Milnthorpe, LA7, Flat 1, 8, Park Road, Milnthorpe comes out as the 59th largest and the 56th most expensive in our analysis of the public data.
It is also £226k less expensive than the average property across the LA7 district.
More reading links
Schools Nearby
- 400mMilnthorpe Primary School
- 2.2kmBeetham CofE Primary School
- 2.4kmStorth CofE School
- 500mDallam School
- 10.3kmKirkbie Kendal School
- 11.3kmCarnforth High School
More reading links
Public Transport Nearby
From Flat 1, 8, Park Road, Milnthorpe, the nearest station is Arnside, 4.4 kilometres away.
- 4.4kmArnside
- 6.6kmSilverdale
- 9.0kmGrange-over-Sands
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.
