3 Bank Road

    3, BANK ROAD, LANCASTER, LA1 2DG

    This terraced freehold property on Bank Road last sold in October 2022 for £111,000. Based on price growth in the LA1 district since then, its estimated current value is £110,768 — placing it in the 5th percentile nationally and the 11th percentile within LA1. The property covers 58 m² (624 sq ft), giving an estimated value of £1,910 per m². The EPC rating is E, with a potential rating of C.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    624 sq ft

    58 m²

    Last Sale Price

    £111,000

    Oct 2022

    Estimated Valuation

    £110,768

    Est. £/sq ft

    £177/sq ft

    £1,910/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: before 1900
    Habitable rooms3
    Main fueldual fuel - mineral + wood
    EPC currentE
    EPC potentialC
    Floor area624 sq ft (58 m²)
    EPC dateMar 2020
    WallsSandstone or limestone, as built, no insulation (assumed)
    HeatingRoom heaters, dual fuel (mineral and wood)

    Transaction History

    7 Oct 2022

    £111,000

    24 Oct 1997

    £30,000

    Key Metrics

    Estimated valuation£110,768
    Value per sq ft / m²£177/sq ft (£1,910/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    LA1 district percentile11th percentile
    National percentile5th percentile

    District Context — LA1

    LA1 covers Lancaster and its surrounding areas in north-west England, positioned between the Lake District and Morecambe Bay. It is a mixed community blending university town vibrancy with traditional coastal and rural character.

    Average Property Price - LA1

    £213,666

    16

    National percentile

    Average Net Household Income - LA1

    £35,197

    32

    National percentile

    10-Year Annualised Price Growth - LA1

    2.7%

    20

    National percentile

    10-Year Annualised Rent Growth - LA

    3.2%

    10

    National percentile

    View full analysis for LA1

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