Flat 3, Galgate Silk Mill
Flat 3, Galgate Silk Mill
Description & Estimates
The public record describes Flat 3, Galgate Silk Mill, Lancaster as a modern apartment with 193 ft2 of internal area.
In this area, apartments of this size normally have 1 bedroom.
Flat 3, Galgate Silk Mill, Lancaster has an estimated sale value of £105,090 and an estimated rental value of £668 per month, assuming reasonable condition and based on the information available.
The apartment sits within Galgate Silk Mill, Chapel Lane, Galgate, Lancaster, LA2.
Chapel Lane, Galgate, Lancaster, LA2 lies in the borough of Lancaster, within the LA2 postal district.
Our Data Sources
Flat 3, Galgate Silk Mill, Lancaster has no records in the the Land Registry and a single entry in the EPC database dated May 2023.
We combine this information with public data 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
In very good condition, we estimate Flat 3, Galgate Silk Mill, Lancaster would be worth £110,345, with a potential rental value of £701 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £97,734, with a rental value of £621 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 3, Galgate Silk Mill, Lancaster has decreased by £197 (0.2%) over the last year. During the same period, its estimated monthly rental value has grown by £19 (2.9%). The property's estimated gross yield is currently 7.6%.
Energy Efficiency
Flat 3, Galgate Silk Mill, Lancaster has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 May 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 1 sale of a comparable property within 2.7 kilometres of Flat 3, Galgate Silk Mill, Lancaster across the last 2 years.
Most recently, Flat 101, Galgate Silk Mill, Chapel Lane, Lancaster, LA2 0EY, a leasehold flat, sold at £97,500 on the 4th June 2021.
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
Our analysis of the public data ranks Flat 3, Galgate Silk Mill, Lancaster as the 140th largest and the 138th most expensive of the 141 addresses on Chapel Lane, Galgate, Lancaster, LA2.
Against the LA2 postcode district average, it is £216k less expensive than the typical property.
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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
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Public Transport Nearby
Lancaster station is the nearest stop to Flat 3, Galgate Silk Mill, Lancaster at 6.1 kilometres away.
- 6.1kmLancaster
- 9.3kmHeysham Port
- 9.5kmBare Lane
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
