According to the public record, 8, Kirkhead, Milnthorpe is a mid-century apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Kirkhead, Milnthorpe, LA7 is located in the borough of South Lakeland within the LA7 postal district.
8, Kirkhead, Milnthorpe has no records in the Land Registry database and no records in the EPC database.
We combine this information with public data 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 8 Kirkhead Milnthorpe as £92,599 and the rental value as £634 per month giving an expected gross yield of 8.2%.
Over the last 12 months the sale value of 8 Kirkhead Milnthorpe has decreased by £61 (0.1%) and its rental value has increased by £26 per month (4.1%).
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 8, Kirkhead, Milnthorpe is in very good condition we estimate a sale value of £97,229 and rental value of £666 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £86,117 and a rental value of £590 per month.
If you were able to purchase this property for the estimated value of £92,599, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £455 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 the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 8, Kirkhead, Milnthorpe within a radius of 571m over the last 2 years.
The most recent example is 8, Bela Forge, Milnthorpe, LA7 7RE, a Leasehold flat which sold for £110,610 in Dec 2022.
Read more about house prices in LA7.
Kirkhead, Milnthorpe, LA7 has a total of 32 addresses. According to our analysis of all the public data, 8, Kirkhead, Milnthorpe is the 21st largest and the 21st most expensive property on the street.
When compared to the postcode district it is £302k less expensive than the average property in LA7.
8, Kirkhead, Milnthorpe has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Sep 2023.
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 8, Kirkhead, Milnthorpe is Arnside station which is 4.8 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 8, Kirkhead, Milnthorpe, 32.8% of property is socially rented and 29.5% 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 8, Kirkhead, Milnthorpe, 11.7% of residents are recorded as possessing school level qualifications and 29.7% 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 8, Kirkhead, 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 8, Kirkhead, Milnthorpe, 0.8% 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 8, Kirkhead, Milnthorpe, there are an average of 1.2 cars per household.
See below for how this compares to North West and the rest of England & Wales.