According to the public record, 45, Vulcans Lane, Workington is a period leasehold house with 1,130 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Vulcans Lane, Workington, CA14 is located in the borough of Allerdale within the CA14 postal district.
45, Vulcans Lane, Workington has 41 entries in the Land Registry database, most recently in July 2023 and a single entry in the EPC database dated September 2022.
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 45 Vulcans Lane Workington as £103,104 and the rental value as £490 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 45 Vulcans Lane Workington has increased by £3,154 (3.1%) and its rental value has increased by £34 per month (7.0%).
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 45, Vulcans Lane, Workington is in very good condition we estimate a sale value of £108,259 and rental value of £515 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £95,887 and a rental value of £456 per month.
If you were able to purchase this property for the estimated value of £103,104, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £507 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 HM Land Registry, 45, Vulcans Lane, Workington was last sold on 12 Jul 2023 for £87,500 and was recorded as a leasehold house.
The property has had 4 sales since 1995.
Since Jul 2023, the market for similar properties has risen 3.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 45, Vulcans Lane, Workington within a radius of 400 metres over the last 2 years.
The most recent example is 3, Pearson Street, Workington, CA14 2QR, a Freehold house which sold for £94,000 in Jun 2023.
Read more about house prices in CA14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Vulcans Lane, Workington, CA14 has a total of 89 addresses. According to our analysis of all the public data, 45, Vulcans Lane, Workington is the 51st largest and the 44th most expensive property on the street.
When compared to the postcode district it is £49k less expensive than the average property in CA14.
45, Vulcans Lane, Workington has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 26 Sep 2022.
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 45, Vulcans Lane, Workington is Workington station which is 700 metres 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 45, Vulcans Lane, Workington, 48.4% of property is privately owned outright and 26.6% 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 45, Vulcans Lane, Workington, 16.3% of residents are recorded as possessing school level qualifications and 19.3% 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 45, Vulcans Lane, Workington, the average age was 40.5 and the most common age was 57.
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 45, Vulcans Lane, Workington, 1.5% 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 45, Vulcans Lane, Workington, there are an average of 1.0 cars per household.
See below for how this compares to North West and the rest of England & Wales.