-1%
PROPERTY VALUATION
£185,000
-£2,500 (1%)
Since last sold: February 2022
VALUATION RANGE
£170k - £200k
LOW | HIGH
Confidence: Medium
Update Property Condition
Last updated: Yesterday
Property summary
6A Quarry Rigg, Bowness On Windermere is a 3rd floor 1 bedroom leasehold flat spread over 377 square feet, making it one of the smaller properties here - it is ranked as the 71st most expensive property* in LA23 3DT, with a valuation of £185,000.
Since it last sold in February 2022 for £187,500, its value has decreased by £2,500.
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Essential buying details
- We expect the property to sell for between £170k and £200k if no refurbishment work has been carried out.
- Built between 1996 and 2002, the property has sold 5 times over the last 25 years, with the longest owner staying for 14 years**.
- The property didn't turn out to be a great investment for the previous owner - returning on average 3.3% per annum.
- 13 flats have sold in LA23 3 at an average price of £353,653 over the last 12 months.
-1.3%
This property has fallen in price by -1.3% since it last sold 2 years ago
22%
This property is 22% less expensive than average in Quarry Rigg, LA23 3DT
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Sale history
The most paid for a property in Quarry Rigg, LA23 3DT was £286,000 in 2023.
Mortgage repayment calculator
| Date | Price | Change |
|---|---|---|
| Today's value* | £185,000 | 1.3% |
| 11 Feb 2022 | £187,500 | 58.9% |
| 28 Sep 2007 | £118,000 | 10.3% |
| 09 Aug 2006 | £107,000 | 2.3% |
| 16 Sep 2005 | £109,500 | 82.7% |
| 04 Nov 2002 | £59,950 | - |
What condition is the property in?
- At a sale price of £185k, we expect this property to be in a similar condition to the neighbouring properties.
- At this valuation it has a cost per square foot of £490, which is comparable with the average for properties here.
- The average cost per square foot for property here is £505.
Cost per square foot valuation
- If we valued this property using the average cost per square foot (CPSF) - it would be worth £190k. For it to sell for this amount, we would expect it to be in a similar state decoratively to the average property here and also have a similar sized plot of land.
- Note: Properties that are in a better condition will sell for more money per square foot.
What does it cost to live here?
Prices start at:
£93k
Most expensive:
£406k
Investment Performance
3.3%
Annual return between 2007-2022
Investment rating:
Was it a good investment?
This property last sold for £187,500 in February 2022.
The previous owner had the property for 14 years, having purchased it in September 2007 for £118,000.
During this time, the price rose by £69,500 (58.9%), which equates to it increasing in value by 3.3% each year.
The property didn't turn out to be a great investment for the previous owner.
This sale was recorded as a non-residential transaction. This can be when a commercial mortgage is used, a property is repossessed or if the property is going to be redeveloped etc.
The sale on 11 February 2022 for £187,500 was recorded as a non-residential transaction. This could be because a commercial mortgage was used, the property was repossessed or the owner extended the lease etc.
SOLD PROPERTY PRICES - LA23 3DT
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6A Quarry Rigg is moderately smaller than the average property in this postcode.
Valuation details
The most likely sale price is £185,000 but at the lower end we think it should fetch a minimum of £170,000.
On a cost per square foot basis, this property is valued at 3% less than the other houses in this postcode.
A lower cost per square foot can indicate that the property is in a worse condition and needs more refurbishment work or that it has a smaller garden (find out more here).
If the property was previously purchased in a bad state of repair, making home improvements throughout could increase its sale price to £213,000.
Note: If the lease has less than 82 years remaining, the property valuation will start to drop rapidly (due to the cost of the lease renewal increasing significantly at this point).
This property has decreased in price by £2,500 since it last sold in 2022 - this equates to a 0.6% fall each year.
If the property has been refurbished or extended since it was last purchased, tell us about any home improvements to get a revised valuation.
6A Quarry Rigg, Windermere is a 1 bedroom flat with 377 square feet of internal space built between 1996 and 2002.
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- Property details
- Local market
- Regional prices
Property details
- Most likely sale price: £185,000
- Offers likely to be accepted between £170,000 and £200,000.
- Cost per squre foot: £491 (at a valuation of £185,000).
- 1 bedroom leasehold flat
- 377 square feet
- Property energy rating: 55
- Which is below average for this postcode.
- A score of 100 is the best energy rating a property can be given.
- Compare this to other properties in LA23 3DT
The local market - LA23 3DT
- The average property price for this postcode is £237,000
- Prices here range from £93,000 to £406,000.
- Expect to pay £429 to £580 per square foot for property in LA23 3DT.
- 22 properties have sold in LA23 3DT over the last 5 years.
- The latest sale in LA23 3DT went for £240k on 27 Apr 2023.
The property market across LA23 3
- The average price paid for a flat in the area LA23 3 over the past year is £354k.
- Flats have been selling for £369 per square foot across LA23 3.
- 13 flats have sold in LA23 3 over the last 12 months.
What does it cost to live in this area?
The local area
Sales in the surrounding roads
Searching for recent sales near here
What are some of the other properties worth?
The cheapest property here in LA23 3DT is valued at £93k.
At the top end, the most expensive property is worth £406k - this postcode has an average valuation of £237k.
| Property | Valuation | ||
|---|---|---|---|
 | 6A Quarry Rigg, Bowness On Windermere 1 bed | 377 sq. ft. | £185,000 -1% (2022 - now) | |
 | 21A Quarry Rigg, Bowness On Windermere 1 bed | 452 sq. ft. | £197,000 -5% (2022 - now) | |
 | 5A Quarry Rigg, Bowness On Windermere 1 bed | 355 sq. ft. | £206,000+0% (2022 - now) | |
 | 20 Quarry Rigg, Bowness On Windermere 2 bed | 452 sq. ft. | £241,000+0% (2023 - now) | |
| 34 Quarry Rigg, Bowness On Windermere 538 sq.ft. | £242,000 -2% (2022 - now) | ||
| 36 Quarry Rigg, Bowness On Windermere 474 sq.ft. | £249,000+12% (2021 - now) | ||
 | 16 Quarry Rigg, Bowness On Windermere 2 bed | 398 sq. ft. | £257,000+7% (2022 - now) | |
 | 11 Quarry Rigg, Bowness On Windermere 3 bed | 840 sq. ft. | £294,000+3% (2023 - now) |
Valuation accuracy
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