2 Parkgate Drive

    2, PARKGATE DRIVE, LANCASTER, LA1 3FE

    This detached freehold property on Parkgate Drive last sold in October 2020 for £485,500. Based on price growth in the LA1 district since then, its estimated current value is £616,078 — placing it in the 87th percentile nationally and the 98th percentile within LA1. The property covers 190 m² (2,045 sq ft), giving an estimated value of £3,243 per m². The EPC rating is D, with a potential rating of C.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    2,045 sq ft

    190 m²

    Last Sale Price

    £485,500

    Oct 2020

    Estimated Valuation

    £616,078

    Est. £/sq ft

    £301/sq ft

    £3,243/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 1996-2002
    Habitable rooms9
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area2,045 sq ft (190 m²)
    EPC dateJul 2020
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    16 Oct 2020

    £485,500

    27 Aug 1999

    £201,000

    Key Metrics

    Estimated valuation£616,078
    Value per sq ft / m²£301/sq ft (£3,243/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    LA1 district percentile98th percentile
    National percentile87th 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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