Flat 6, Galgate Silk Mill
Flat 6, Galgate Silk Mill
Description & Estimates
According to the public record, Flat 6, Galgate Silk Mill, Lancaster is a modern apartment with 204 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 6, Galgate Silk Mill, Lancaster is £107,726 and the estimated rental value is £685 per month.
The apartment is within Galgate Silk Mill, Chapel Lane, Galgate, Lancaster, LA2.
Chapel Lane, Galgate, Lancaster, LA2 is located in the borough of Lancaster within the LA2 postal district.
Our Data Sources
Flat 6, 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
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 6, Galgate Silk Mill, Lancaster is in very good condition we estimate a sale value of £113,113 and a rental value of £719 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £100,185 and a rental value of £637 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 6, Galgate Silk Mill, Lancaster has decreased by £202 (0.2%), while its estimated rental value has grown by £20 per month (2.9%). Based on current estimates, the property offers a gross rental yield of 7.6%.
Energy Efficiency
Flat 6, 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
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Flat 6, Galgate Silk Mill, Lancaster within a radius of 2.7 kilometres over the last 2 years.
The most recent example is Flat 108, Galgate Silk Mill, Chapel Lane, Lancaster, LA2 0EY, a leasehold flat which sold for £102,000 on the 7th October 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
Chapel Lane, Galgate, Lancaster, LA2 has a total of 141 addresses. According to our analysis of all the public data, Flat 6, Galgate Silk Mill, Lancaster is the 137th largest and the 135th most expensive property on the street.
When compared to the postcode district it is £213k less expensive than the average property in LA2.
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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
The closest station to Flat 6, Galgate Silk Mill, Lancaster is Lancaster station, which is 6.1 kilometres away.
- 6.1kmLancaster
- 9.3kmHeysham Port
- 9.5kmBare Lane
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
