Flat 112, Galgate Silk Mill
Flat 112, Galgate Silk Mill
Description & Estimates
Flat 112, Galgate Silk Mill, Lancaster appears in the public record as a leasehold apartment.
We estimate it to be a modern apartment with 472 ft2 of internal area by comparing it to nearby properties.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 112, Galgate Silk Mill, Lancaster is £159,734 and its rental estimate is £1,035 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 112, Galgate Silk Mill, Lancaster has a single entry in the Land Registry from August 2022 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the 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 112, Galgate Silk Mill, Lancaster, we estimate a market value of £167,721 and a rental value of £1,087 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £148,553 and £963 per month respectively.
Recent Market Change
Over the last year, Flat 112, Galgate Silk Mill, Lancaster has seen its estimated sale value move down by £1,212 (0.8%) and its estimated rental value increase by £29 per month (2.8%). This results in an estimated gross rental yield of 7.8%.
Sold Prices
The most recent sale of Flat 112, Galgate Silk Mill, Lancaster completed on 31st August 2022 at £93,800 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 1.9% over the period since August 2022.
- Sold Aug 2022£93,800
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 112, Galgate Silk Mill, Lancaster have sold within a radius of 2.7 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 7th March 2024, was Flat 2, Galgate Silk Mill, Chapel Lane, Lancaster, LA2 0EY, a leasehold flat which sold for £45,000.
Read more about house prices in LA2.
- Sold Mar 2024£45,000 | 1 Bed FlatGalgate Silk Mill, Chapel LaneFlat 2, Galgate Silk Mill, Chapel Lane, Lancaster, LA2 0EY
- Sold Aug 2022£97,800 | 2 Bed FlatGalgate Silk Mill, Chapel LaneFlat 7, Galgate Silk Mill, Chapel Lane, Lancaster, LA2 0EY
- Sold Sep 2021£85,000 | 2 Bed FlatGalgate Silk Mill, Chapel LaneFlat 119, Galgate Silk Mill, Chapel Lane, Lancaster, LA2 0EY
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 141 addresses on Chapel Lane, Galgate, Lancaster, LA2, Flat 112, Galgate Silk Mill, Lancaster comes out as the 126th largest and the 28th most expensive in our analysis of the public data.
It is also £161k less expensive than the average property across the LA2 district.
More reading links
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 112, 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.
