2 The Colonnade

    2, THE COLONNADE, LANCASTER, LANCASTER, LA1 3FP

    This flat/maisonette leasehold property on The Colonnade last sold in March 2005 for £132,500. Based on price growth in the LA1 district since then, its estimated current value is £161,479 — placing it in the 15th percentile nationally and the 36th percentile within LA1. The property covers 69 m² (743 sq ft), giving an estimated value of £2,340 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    743 sq ft

    69 m²

    Last Sale Price

    £132,500

    Mar 2005

    Estimated Valuation

    £161,479

    Est. £/sq ft

    £217/sq ft

    £2,340/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formNot Recorded
    Construction ageEngland and Wales: 1996-2002
    Habitable rooms1
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area743 sq ft (69 m²)
    EPC dateJul 2025
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    30 Mar 2005

    £132,500

    17 Oct 2003

    £118,500

    11 Oct 2002

    New build

    £85,700

    Key Metrics

    Estimated valuation£161,479
    Value per sq ft / m²£217/sq ft (£2,340/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    LA1 district percentile36th percentile
    National percentile15th 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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