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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
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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.
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.
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.
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%.
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.
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.
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.
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.
From Flat 101, Galgate Silk Mill, Lancaster, the nearest station is Lancaster, 6.1 kilometres away.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 101, Galgate Silk Mill, Lancaster, 42.5% of property is privately owned with a mortgage and 40.4% is privately owned outright.
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 Flat 101, Galgate Silk Mill, Lancaster, 16.9% of residents are recorded as possessing school level qualifications and 43.1% 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 Flat 101, Galgate Silk Mill, 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 Flat 101, Galgate Silk Mill, Lancaster, 0.6% 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 Flat 101, Galgate Silk Mill, 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.
