40 Melrose Street

    40, MELROSE STREET, LANCASTER, LA1 3DL

    This terraced freehold property on Melrose Street last sold in June 2011 for £109,000. Based on price growth in the LA1 district since then, its estimated current value is £153,449 — placing it in the 13th percentile nationally and the 31st percentile within LA1. The property covers 47 m² (506 sq ft), giving an estimated value of £3,265 per m². The EPC rating is D, with a potential rating of B.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    506 sq ft

    47 m²

    Last Sale Price

    £109,000

    Jun 2011

    Estimated Valuation

    £153,449

    Est. £/sq ft

    £303/sq ft

    £3,265/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: before 1900
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialB
    Floor area506 sq ft (47 m²)
    EPC dateDec 2021
    WallsSandstone or limestone, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    10 Jun 2011

    £109,000

    28 Jan 2011

    £86,500

    Key Metrics

    Estimated valuation£153,449
    Value per sq ft / m²£303/sq ft (£3,265/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    LA1 district percentile31st percentile
    National percentile13th 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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