According to the public record, 5, Mill Park, Millom is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 946 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Mill Park, The Green, Millom, LA18 is located in the borough of Copeland within the LA18 postal district.
5, Mill Park, Millom has a single entry in the Land Registry database from February 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 5 Mill Park Millom as £238,548 and the rental value as £805 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of 5 Mill Park Millom has decreased by £3,291 (1.4%) and its rental value has increased by £25 per month (3.1%).
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 5, Mill Park, Millom is in very good condition we estimate a sale value of £250,476 and rental value of £845 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £221,850 and a rental value of £749 per month.
If you were able to purchase this property for the estimated value of £238,548, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,172 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, 5, Mill Park, Millom was last sold on 29 Feb 2008 for £122,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2008, the market for similar properties has risen 46.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Mill Park, Millom within a radius of 95m over the last 2 years.
The most recent example is 2, Race Grove, Millom, LA18 5HN, a Freehold house which sold for £220,000 in Sep 2020.
Read more about house prices in LA18.
Mill Park, The Green, Millom, LA18 has a total of 26 addresses. According to our analysis of all the public data, 5, Mill Park, Millom is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £47k more expensive than the average property in LA18.
The closest station to 5, Mill Park, Millom is Green Road station which is 1.2 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 5, Mill Park, Millom, 51.7% of property is privately owned outright and 32.2% 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 5, Mill Park, Millom, 9.1% of residents are recorded as possessing school level qualifications and 31.9% 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 5, Mill Park, Millom, the average age was 45.7 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 5, Mill Park, Millom, 1.0% 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 5, Mill Park, Millom, there are an average of 1.7 cars per household.
See below for how this compares to North West and the rest of England & Wales.