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Company No. 11113204
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Registered Address: 2 Leman St, London E1 8FA
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According to the public record, New Bank, Lancaster is a period freehold house with 1,119 ft2 of internal area and sits on a 2,073 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for New Bank, Lancaster is £315,245 and the estimated rental value is £1,290 per month.
Lancaster Road, Cockerham, Lancaster, LA2 is located in the borough of Lancaster within the LA2 postal district.
New Bank, Lancaster has a single entry in the Land Registry from October 2020 and a single entry in the EPC database dated December 2012.
We combine this information with that 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.
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 New Bank, Lancaster is in very good condition we estimate a sale value of £331,007 and a rental value of £1,354 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £293,178 and a rental value of £1,200 per month.
Over the last 12 months the sale value of New Bank Lancaster has increased by an estimated £1,125 (0.4%) and its rental value has increased by an estimated £41 per month (3.1%), giving an expected gross yield of 4.9%.
According to data from HM Land Registry, New Bank, Lancaster sits on a plot of 2073m2.
We have plot size data on 10 out of 16 other houses in the postcode and New Bank, Lancaster sits on the 5th largest plot.
New Bank, Lancaster has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 15 Dec 2012.
The property is not connected to mains gas and has mostly double glazing. It is heated using Boiler and radiators, oil.
According to HM Land Registry, New Bank, Lancaster was last sold on 30th October 2020 for £255,780 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since October 2020, the market for similar properties has risen 32.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to New Bank, Lancaster within a radius of 3.5 kilometres over the last 2 years.
The most recent example is 11, St. Michaels Gardens, Lancaster, LA2 0DD, a freehold house which sold for £249,950 on the 22nd March 2024.
Read more about house prices in LA2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lancaster Road, Cockerham, Lancaster, LA2 has a total of 19 addresses. According to our analysis of all the public data, New Bank, Lancaster is the 13th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £5k less expensive than the average property in LA2.
The closest station to New Bank, Lancaster is Lancaster station which is 8.9 kilometres away.
According to recent data from Ofcom, there is poor internet coverage in this area which may result in poor or no internet connectivity.
According to recent data from Ofcom, Slow/none 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 New Bank, Lancaster, 39.7% of property is privately owned outright and 33.8% is privately owned with a mortgage.
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 New Bank, Lancaster, 16.2% of residents are recorded as possessing school level qualifications and 39.3% 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 New Bank, Lancaster, the average age was 34.2 and the most common age was 17.
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 New Bank, Lancaster, 0.6% 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 New Bank, Lancaster, there are an average of 1.9 cars per household.
See below for how this compares to North West and the rest of England & Wales.
