3 Melbourne Road

    3, MELBOURNE ROAD, LANCASTER, LA1 3QB

    This terraced freehold property on Melbourne Road last sold in April 2022 for £157,500. Based on price growth in the LA1 district since then, its estimated current value is £157,171 — placing it in the 14th percentile nationally and the 34th percentile within LA1. The property covers 62 m² (667 sq ft), giving an estimated value of £2,535 per m². The EPC rating is D, with a potential rating of B.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    667 sq ft

    62 m²

    Last Sale Price

    £157,500

    Apr 2022

    Estimated Valuation

    £157,171

    Est. £/sq ft

    £236/sq ft

    £2,535/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: before 1900
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialB
    Floor area667 sq ft (62 m²)
    EPC dateOct 2014
    WallsSandstone, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    12 Apr 2022

    £157,500

    22 Jul 1997

    £28,000

    Key Metrics

    Estimated valuation£157,171
    Value per sq ft / m²£236/sq ft (£2,535/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    LA1 district percentile34th percentile
    National percentile14th 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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