According to the public record, Flat 4, 1, Lancaster Road, Manchester is a mid-century leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 1, Lancaster Road, Manchester, M20.
Lancaster Road, Manchester, M20 is located in the borough of Manchester within the M20 postal district.
Flat 4, 1, Lancaster Road, Manchester has a single entry in the Land Registry database from January 2021 and a single entry in the EPC database dated August 2018.
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 4 1 Lancaster Road Manchester as £246,648 and the rental value as £1,244 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 4 1 Lancaster Road Manchester has increased by £15,440 (6.3%) and its rental value has increased by £70 per month (5.7%).
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 4, 1, Lancaster Road, Manchester is in very good condition we estimate a sale value of £258,981 and rental value of £1,306 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £229,383 and a rental value of £1,157 per month.
If you were able to purchase this property for the estimated value of £246,648, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,212 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 4, 1, Lancaster Road, Manchester was last sold on 29 Jan 2021 for £140,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2021, the market for similar properties has risen 13.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, 1, Lancaster Road, Manchester within a radius of 470 metres over the last 2 years.
The most recent example is Flat 1, Stonecroft, Parkfield Road South, Manchester, M20 6DA, a Leasehold flat which sold for £226,000 in Dec 2023.
Read more about house prices in M20.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lancaster Road, Manchester, M20 has a total of 69 addresses. According to our analysis of all the public data, Flat 4, 1, Lancaster Road, Manchester is the 65th largest and the 64th most expensive property on the street.
When compared to the postcode district it is £139k less expensive than the average property in M20.
Flat 4, 1, Lancaster Road, Manchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Aug 2018.
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 4, 1, Lancaster Road, Manchester is East Didsbury station which is 1.6 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 4, 1, Lancaster Road, Manchester, 40.1% of property is privately rented and 22.5% 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 4, 1, Lancaster Road, Manchester, 12.7% of residents are recorded as possessing school level qualifications and 66.4% 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 4, 1, Lancaster Road, Manchester, the average age was 40 and the most common age was 32.
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 4, 1, Lancaster Road, Manchester, 2.3% 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 4, 1, Lancaster Road, Manchester, there are an average of 0.8 cars per household.
See below for how this compares to North West and the rest of England & Wales.