Flat 7, Medlar Gate
Flat 7, Medlar Gate
Description & Estimates
Flat 7, Medlar Gate, Preston is recorded publicly as a mid-century leasehold apartment across 688 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 7, Medlar Gate, Preston is £97,708 and its rental estimate is £509 per month, given the available information and assuming reasonable condition.
Medlar Gate, Derby Road is a residential building on Derby Road, Wesham, Preston, PR4 and falls within the PR4 postal district and the borough of Fylde.
Our Data Sources
Flat 7, Medlar Gate, Preston has 31 entries in the Land Registry , most recently in October 2018 and a single entry in the EPC database dated September 2021.
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
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 7, Medlar Gate, Preston, we estimate a market value of £102,593 and a rental value of £534 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £90,868 and £473 per month respectively.
Recent Market Change
Over the last year, Flat 7, Medlar Gate, Preston has seen its estimated sale value increase by £91 (0.1%) and its estimated rental value grow by £14 per month (2.8%). This results in an estimated gross rental yield of 6.2%.
Energy Efficiency
Flat 7, Medlar Gate, Preston has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Sep 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 7, Medlar Gate, Preston completed on 23rd October 2018 at £75,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 22.4% over the period since October 2018.
- Sold Oct 2018£75,000
- Sold Dec 2002£62,950
- Sold Oct 2001£40,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 7, Medlar Gate, Preston have sold within a radius of 590 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 20th July 2022, was Flat 5, Medlar Gate, Derby Road, Preston, PR4 3AJ, a leasehold flat which sold for £82,000.
Read more about house prices in PR4.
- Sold Jul 2022£82,000 | 2 Bed FlatMedlar Gate, Derby RoadFlat 5, Medlar Gate, Derby Road, Preston, PR4 3AJ
- 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
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 36 addresses on Derby Road, Wesham, Preston, PR4, Flat 7, Medlar Gate, Preston comes out as the 19th largest and the 32nd most expensive in our analysis of the public data.
It is also £189k less expensive than the average property across the PR4 district.
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
From Flat 7, Medlar Gate, Preston, the nearest station is Kirkham & Wesham, 100 metres away.
- 100mKirkham & Wesham
- 4.2kmSalwick
- 4.8kmMoss Side
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
