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According to the public record, Flat 3, 2, Castle Park, Lancaster is a modern leasehold apartment with 1,560 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 3, 2, Castle Park, Lancaster is £410,631 and the estimated rental value is £1,390 per month.
The apartment is within 2, Castle Park, Lancaster, LA1.
Castle Park, Lancaster, LA1 is located in the borough of Lancaster within the LA1 postal district.
Flat 3, 2, Castle Park, Lancaster has a single entry in the Land Registry from August 2023 and a single entry in the EPC database dated April 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 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 Flat 3, 2, Castle Park, Lancaster is in very good condition we estimate a sale value of £431,163 and a rental value of £1,459 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £381,887 and a rental value of £1,293 per month.
Over the last 12 months the sale value of Flat 3 2 Castle Park Lancaster has increased by an estimated £2,593 (0.6%) and its rental value has increased by an estimated £53 per month (3.8%), giving an expected gross yield of 4.1%.
Flat 3, 2, Castle Park, Lancaster has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Apr 2022.
The property is connected to mains gas and has some double glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Flat 3, 2, Castle Park, Lancaster was last sold on 22nd August 2023 for £380,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since August 2023, the market for similar properties has dropped 0.1%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 450 metres radius of Flat 3, 2, Castle Park, Lancaster over the last 2 years.
The most recent example is 8, Castle Park, Lancaster, LA1 1YQ, a freehold house which sold for £800,000 on the 23rd August 2023.
Read more about house prices in LA1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Castle Park, Lancaster, LA1 has a total of 21 addresses. According to our analysis of all the public data, Flat 3, 2, Castle Park, Lancaster is the 12th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £197k more expensive than the average property in LA1.
The closest station to Flat 3, 2, Castle Park, Lancaster is Lancaster station which is 200 metres 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.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 3, 2, Castle Park, Lancaster, 46.9% of property is privately rented and 27.8% 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 3, 2, Castle Park, Lancaster, 32.3% of residents are recorded as possessing school level qualifications and 52.8% 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 3, 2, Castle Park, Lancaster, the average age was 32.3 and the most common age was 22.
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 3, 2, Castle Park, Lancaster, 0.0% 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 3, 2, Castle Park, Lancaster, there are an average of 0.7 cars per household.
See below for how this compares to North West and the rest of England & Wales.
