Flat 5, Medlar Gate
Flat 5, Medlar Gate
Description & Estimates
According to the public record, Flat 5, Medlar Gate, Preston is a mid-century leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 5, Medlar Gate, Preston is £97,034 and the estimated rental value is £505 per month.
The apartment is within Medlar Gate, Derby Road, Wesham, Preston, PR4.
Derby Road, Wesham, Preston, PR4 is located in the borough of Fylde within the PR4 postal district.
Our Data Sources
Flat 5, Medlar Gate, Preston has 31 entries in the Land Registry , most recently in July 2022 and a single entry in the EPC database dated February 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
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 5, Medlar Gate, Preston is in very good condition we estimate a sale value of £101,885 and a rental value of £531 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £90,241 and a rental value of £470 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 5, Medlar Gate, Preston has moved up by £90 (0.1%), while its estimated rental value has increased by £14 per month (2.8%). Based on current estimates, the property offers a gross rental yield of 6.2%.
Energy Efficiency
Flat 5, Medlar Gate, Preston has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Feb 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, Flat 5, Medlar Gate, Preston was last sold on 20th July 2022 for £82,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since July 2022, the market for similar properties has risen by 6.2%.
- Sold Jul 2022£82,000
- Sold Dec 2014£87,500
- Sold Sep 2002£58,500
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Medlar Gate, Preston within a radius of 590 metres over the last 2 years.
The most recent example is Flat 6, Medlar Gate, Derby Road, Preston, PR4 3AJ, a leasehold flat which sold for £77,750 on the 22nd October 2021.
Read more about house prices in PR4.
- Sold Oct 2021£77,750 | 2 Bed FlatMedlar Gate, Derby RoadFlat 6, Medlar Gate, Derby Road, Preston, PR4 3AJ
- Sold Sep 2021£90,500 | 2 Bed FlatMedlar Gate, Derby RoadFlat 8, Medlar Gate, Derby Road, Preston, PR4 3AJ
- Sold Oct 2018£75,000 | 2 Bed FlatMedlar Gate, Derby RoadFlat 7, Medlar Gate, Derby Road, Preston, PR4 3AJ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Derby Road, Wesham, Preston, PR4 has a total of 36 addresses. According to our analysis of all the public data, Flat 5, Medlar Gate, Preston is the 22nd largest and the 34th most expensive property on the street.
When compared to the postcode district it is £190k less expensive than the average property in PR4.
More reading links
Schools Nearby
- 300mMedlar-with-Wesham Church of England Primary School
- 500mKirkham and Wesham Primary School
- 500mSt Joseph's Catholic Primary School, Medlar-with-Wesham
- 1.4kmCarr Hill High School
- 6.9kmSt Bede's Catholic High School, Lytham
- 8.8kmSt George's School A Church of England Academy
More reading links
Public Transport Nearby
The closest station to Flat 5, Medlar Gate, Preston is Kirkham & Wesham station, which is 100 metres away.
- 100mKirkham & Wesham
- 4.2kmSalwick
- 4.8kmMoss Side
Available Internet Speeds
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
