Flat 101, Galgate Silk Mill
Flat 101, Galgate Silk Mill
Description & Estimates
Flat 101, Galgate Silk Mill, Lancaster is recorded publicly as a modern leasehold apartment across 204 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of Flat 101, Galgate Silk Mill, Lancaster is £107,726 and its rental estimate is £685 per month, given the available information and assuming reasonable condition.
Galgate Silk Mill, Chapel Lane is a residential building on Chapel Lane, Galgate, Lancaster, LA2 and falls within the LA2 postal district and the borough of Lancaster.
Our Data Sources
Flat 101, Galgate Silk Mill, Lancaster has a single entry in the Land Registry from June 2021 and a single entry in the EPC database dated July 2021.
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 101, Galgate Silk Mill, Lancaster, we estimate a market value of £113,113 and a rental value of £719 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £100,185 and £637 per month respectively.
Recent Market Change
Over the last year, Flat 101, Galgate Silk Mill, Lancaster has seen its estimated sale value fall by £202 (0.2%) and its estimated rental value move up by £20 per month (2.9%). This results in an estimated gross rental yield of 7.6%.
Energy Efficiency
Flat 101, Galgate Silk Mill, Lancaster has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 31 Jul 2021.
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 101, Galgate Silk Mill, Lancaster completed on 4th June 2021 at £97,500 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 risen by 40.2% over the period since June 2021.
- Sold Jun 2021£97,500
Similar Properties Sold Nearby
Over the past 2 years 1 property similar to Flat 101, Galgate Silk Mill, Lancaster has sold within a radius of 2.7 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 7th October 2021, was Flat 108, Galgate Silk Mill, Chapel Lane, Lancaster, LA2 0EY, a leasehold flat which sold for £102,000.
Read more about house prices in LA2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 141 addresses on Chapel Lane, Galgate, Lancaster, LA2, Flat 101, Galgate Silk Mill, Lancaster comes out as the 139th largest and the 137th most expensive in our analysis of the public data.
It is also £213k less expensive than the average property across the LA2 district.
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Schools Nearby
- 300mEllel St John the Evangelist Church of England Primary School
- 3.9kmDolphinholme Church of England Primary School
- 4.1kmThurnham Glasson Christ Church, Church of England Primary School
- 5.0kmRipley St Thomas Church of England Academy
- 5.7kmLancaster Girls' Grammar School
- 5.8kmLancaster Royal Grammar School
More reading links
Public Transport Nearby
From Flat 101, Galgate Silk Mill, Lancaster, the nearest station is Lancaster, 6.1 kilometres away.
- 6.1kmLancaster
- 9.3kmHeysham Port
- 9.5kmBare Lane
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
