According to the public record, 1, Chapel Close, Milnthorpe is a early-century freehold house and with 796 ft2 of internal area and sits on a 229 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Chapel Close, Storth, Milnthorpe, LA7 is located in the borough of South Lakeland within the LA7 postal district.
1, Chapel Close, Milnthorpe has 31 entries in the Land Registry database, most recently in March 2021 and no records in the EPC database.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Chapel Close Milnthorpe as £336,750 and the rental value as £1,389 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 1 Chapel Close Milnthorpe has increased by £1,973 (0.6%) and its rental value has increased by £64 per month (4.6%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Chapel Close, Milnthorpe is in very good condition we estimate a sale value of £353,587 and rental value of £1,459 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £313,177 and a rental value of £1,292 per month.
If you were able to purchase this property for the estimated value of £336,750, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,655 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 1, Chapel Close, Milnthorpe sits on a plot of 229m2.
We have plot size data on 7 out of 8 other houses in the postcode and 1, Chapel Close, Milnthorpe sits on the 7th largest plot.
According to HM Land Registry, 1, Chapel Close, Milnthorpe was last sold on 22 Mar 2021 for £340,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Mar 2021, the market for similar properties has risen 12.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Chapel Close, Milnthorpe within a radius of 152m over the last 2 years.
The most recent example is 53, Burntbarrow, Milnthorpe, LA7 7JW, a Freehold house which sold for £242,000 in Aug 2023.
Read more about house prices in LA7.
Chapel Close, Storth, Milnthorpe, LA7 has a total of 8 addresses. According to our analysis of all the public data, 1, Chapel Close, Milnthorpe is the 7th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £58k less expensive than the average property in LA7.
1, Chapel Close, Milnthorpe has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 24 Aug 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Chapel Close, Milnthorpe is Arnside station which is 1.8 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Chapel Close, Milnthorpe, 74.2% of property is privately owned outright and 19.2% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Chapel Close, Milnthorpe, 8.9% of residents are recorded as possessing school level qualifications and 48.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Chapel Close, Milnthorpe, the average age was 49.6 and the most common age was 72.
The graph below shows how this compares to North West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Chapel Close, Milnthorpe, 2.8% of property was a second home.
Comparison figures for North West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Chapel Close, Milnthorpe, there are an average of 1.6 cars per household.
See below for how this compares to North West and the rest of England & Wales.