2 Mill Cottages Chapel Lane

    2 MILL COTTAGES, CHAPEL LANE, GALGATE, LANCASTER, LA2 0PR

    This semi-detached freehold property on Chapel Lane last sold in May 2016 for £130,000. Based on price growth in the LA2 district since then, its estimated current value is £165,922 — placing it in the 16th percentile nationally and the 11th percentile within LA2. The property covers 64 m² (689 sq ft), giving an estimated value of £2,593 per m². The EPC rating is D, with a potential rating of B.

    Type

    Semi-Detached

    Tenure

    Freehold

    Floor Area

    689 sq ft

    64 m²

    Last Sale Price

    £130,000

    May 2016

    Estimated Valuation

    £165,922

    Est. £/sq ft

    £241/sq ft

    £2,593/m²

    Property Details

    TypeSemi-Detached
    TenureFreehold
    Built formSemi-Detached
    Construction ageEngland and Wales: before 1900
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialB
    Floor area689 sq ft (64 m²)
    EPC dateJul 2015
    WallsSandstone or limestone, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    20 May 2016

    £130,000

    31 Aug 2006

    £129,950

    7 Nov 2003

    £75,000

    16 Oct 2000

    £56,000

    Key Metrics

    Estimated valuation£165,922
    Value per sq ft / m²£241/sq ft (£2,593/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    LA2 district percentile11th percentile
    National percentile16th percentile

    District Context — LA2

    LA2 covers the Lancaster area in north-west England, sitting between the Lake District and the coast. It is a mixed community with a blend of market town character, university presence, and rural surroundings.

    Average Property Price - LA2

    £327,161

    51

    National percentile

    Average Net Household Income - LA2

    £36,231

    39

    National percentile

    10-Year Annualised Price Growth - LA2

    3.7%

    55

    National percentile

    10-Year Annualised Rent Growth - LA

    3.2%

    10

    National percentile

    View full analysis for LA2

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