According to the public record, 29, Paddock Way, Milnthorpe is a mid-century freehold house and with 1,463 ft2 of internal area and sits on a 497 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Paddock Way, Storth, Milnthorpe, LA7 is located in the borough of South Lakeland within the LA7 postal district.
29, Paddock Way, Milnthorpe has a single entry in the Land Registry database from April 2014 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 29 Paddock Way Milnthorpe as £390,655 and the rental value as £1,579 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 29 Paddock Way Milnthorpe has decreased by £3,899 (1.0%) and its rental value has increased by £47 per month (3.0%).
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 29, Paddock Way, Milnthorpe is in very good condition we estimate a sale value of £410,188 and rental value of £1,658 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £363,309 and a rental value of £1,468 per month.
If you were able to purchase this property for the estimated value of £390,655, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,920 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, 29, Paddock Way, Milnthorpe sits on a plot of 497m2.
We have plot size data on 15 out of 26 other houses in the postcode and 29, Paddock Way, Milnthorpe sits on the 4th largest plot.
According to HM Land Registry, 29, Paddock Way, Milnthorpe was last sold on 25 Apr 2014 for £300,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2014, the market for similar properties has risen 39.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 29, Paddock Way, Milnthorpe within a radius of 191m over the last 2 years.
The most recent example is Coromandel, Storth Road, Milnthorpe, LA7 7JQ, a Freehold house which sold for £360,000 in May 2022.
Read more about house prices in LA7.
Paddock Way, Storth, Milnthorpe, LA7 has a total of 26 addresses. According to our analysis of all the public data, 29, Paddock Way, Milnthorpe is the 8th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £4k less expensive than the average property in LA7.
29, Paddock Way, Milnthorpe has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 12 Mar 2010.
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 29, Paddock Way, 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 29, Paddock Way, 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 29, Paddock Way, 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 29, Paddock Way, 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 29, Paddock Way, 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 29, Paddock Way, 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.