2 Melrose Street

    2, MELROSE STREET, LANCASTER, LANCASTER, LA1 3DL

    This terraced freehold property on Melrose Street last sold in January 2003 for £60,000. Based on price growth in the LA1 district since then, its estimated current value is £131,237 — placing it in the 9th percentile nationally and the 19th percentile within LA1. The property covers 51 m² (549 sq ft), giving an estimated value of £2,573 per m². The EPC rating is E, with a potential rating of C.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    549 sq ft

    51 m²

    Last Sale Price

    £60,000

    Jan 2003

    Estimated Valuation

    £131,237

    Est. £/sq ft

    £239/sq ft

    £2,573/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: before 1900
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentE
    EPC potentialC
    Floor area549 sq ft (51 m²)
    EPC dateAug 2016
    WallsSandstone or limestone, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    17 Jan 2003

    £60,000

    10 Nov 2000

    £29,000

    Key Metrics

    Estimated valuation£131,237
    Value per sq ft / m²£239/sq ft (£2,573/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    LA1 district percentile19th percentile
    National percentile9th 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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