According to the public record, Flat 2, 2, Methven Terrace, Grange-Over-Sands is a modern leasehold apartment and with 764 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 2, Methven Terrace, Grange-Over-Sands, LA11.
Methven Terrace, Grange-Over-Sands, LA11 is located in the borough of South Lakeland within the LA11 postal district.
Flat 2, 2, Methven Terrace, Grange-Over-Sands has 2 entries in the Land Registry database, most recently in August 2022 and a single entry in the EPC database dated May 2019.
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 Flat 2 2 Methven Terrace Grange-Over-Sands as £244,514 and the rental value as £959 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of Flat 2 2 Methven Terrace Grange-Over-Sands has increased by £943 (0.4%) and its rental value has increased by £45 per month (4.7%).
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 Flat 2, 2, Methven Terrace, Grange-Over-Sands is in very good condition we estimate a sale value of £256,740 and rental value of £1,007 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £227,398 and a rental value of £892 per month.
If you were able to purchase this property for the estimated value of £244,514, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,202 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, Flat 2, 2, Methven Terrace, Grange-Over-Sands was last sold on 19 Aug 2022 for £240,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2022, the market for similar properties has dropped 2.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 2, Methven Terrace, Grange-Over-Sands within a radius of 162m over the last 2 years.
The most recent example is Flat 3, 2, Methven Terrace, Grange-Over-Sands, LA11 7DP, a Leasehold flat which sold for £220,000 in Aug 2022.
Read more about house prices in LA11.
Methven Terrace, Grange-Over-Sands, LA11 has a total of 10 addresses. According to our analysis of all the public data, Flat 2, 2, Methven Terrace, Grange-Over-Sands is the 9th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £76k less expensive than the average property in LA11.
Flat 2, 2, Methven Terrace, Grange-Over-Sands has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 21 May 2019.
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 Flat 2, 2, Methven Terrace, Grange-Over-Sands is Grange-over-Sands station which is 1.3 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 Flat 2, 2, Methven Terrace, Grange-Over-Sands, 50.9% of property is privately owned outright and 19.3% is socially rented.
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 Flat 2, 2, Methven Terrace, Grange-Over-Sands, 9.4% of residents are recorded as possessing school level qualifications and 45.0% 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 Flat 2, 2, Methven Terrace, Grange-Over-Sands, the average age was 53.1 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 Flat 2, 2, Methven Terrace, Grange-Over-Sands, 0.2% 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 Flat 2, 2, Methven Terrace, Grange-Over-Sands, 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.