Although there was a small drift mine on the edge of the village which closed in the 1970s, Lanchester's economy was mainly based on agriculture and is now a residential village which with a number of housing estates has expanded significantly since the late 1960s.
There was a small drift mine on the edge of the village. This village closed in the 1970s. Lanchester's economy was mainly based on agriculture. Lanchester's economy is now a residential village. This residential village with a number of housing estates has expanded significantly since the late 1960s.