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Pennance Vale Pennance Lane is a residential building situated on Pennance Lane, Lanner, Redruth, TR16 with 3 addresses.
It ranks as the 109th largest and 115th most expensive of the 145 buildings in the TR16 area.
The building contains a total of 3 properties: 3 flats.
Pennance Vale Pennance Lane is a residential building situated on Pennance Lane, Lanner, Redruth, TR16 with 3 addresses.
It ranks as the 109th largest and 115th most expensive of the 145 buildings in the TR16 area.
The building contains a total of 3 properties: 3 flats.
Sale prices range from £179,550 for 2 bedroom Leasehold flats (742 ft2) to £307,647 for 3 bedroom freehold houses with a garden (820 ft2) .
Monthly rental prices range from £950 pcm for 2 bed flats to £1,253 pcm for 3 bed houses.
The gross rental yield is between 4.9% and 6.4%.
The average value per square foot is £375.
The last sale in Pennance Vale Pennance Lane sold for £149,950 on 11th March 2002. Since then prices are down an average of 0.0%.
The current average value in the building is £264,948.
The Pennance Vale Pennance Lane Sales Market has increased by 41.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -2.3% | £264,948 |
| May 2025 | 0.6% | £271,250 |
| May 2024 | -2.5% | £269,555 |
| May 2023 | 2.9% | £276,459 |
| May 2022 | 15.9% | £268,635 |
| May 2021 | 9.3% | £231,795 |
| May 2020 | 3.4% | £212,051 |
| May 2019 | 2.2% | £205,023 |
| May 2018 | 2.3% | £200,664 |
| May 2017 | 4.7% | £196,106 |
| May 2016 | 4% | £187,318 |
| May 2015 | 0.4% | £180,051 |
| May 2014 | 3.4% | £179,244 |
| May 2013 | -1.2% | £173,291 |
| May 2012 | -0.7% | £175,391 |
| May 2011 | 0.8% | £176,662 |
| May 2010 | 1.1% | £175,270 |
| May 2009 | -11% | £173,352 |
| May 2008 | 0.5% | £194,843 |
| May 2007 | 0% | £193,871 |
The current average rental value in the building is £1,152.
The Pennance Vale Pennance Lane Rental Market has increased by 63.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 4.8% | £1,152pcm |
| May 2025 | 9.5% | £1,099pcm |
| May 2024 | 5.3% | £1,004pcm |
| May 2023 | 4.5% | £953pcm |
| May 2022 | 8.8% | £911pcm |
| May 2021 | 11.4% | £838pcm |
| May 2020 | 1.7% | £752pcm |
| May 2019 | 3.6% | £739pcm |
| May 2018 | 1.5% | £713pcm |
| May 2017 | -0.3% | £702pcm |
| May 2016 | 0.8% | £704pcm |
| May 2015 | 2.2% | £699pcm |
| May 2014 | 2.4% | £684pcm |
| May 2013 | -0.9% | £668pcm |
| May 2012 | 0.8% | £674pcm |
| May 2011 | 2% | £668pcm |
| May 2010 | 2.9% | £655pcm |
| May 2009 | -7% | £636pcm |
| May 2008 | 3.8% | £684pcm |
| May 2007 | 0% | £659pcm |
The last sale was on 11th March 2002 for £149,950 and since then the market in the area has remained stable. The building has had a total of 2 sales since 1995.
Pennance Vale, Pennance Lane, Lanner, Redruth, TR16 5TL has seen no sales in the last three years and no sales in the last twelve months.
The closest station to Pennance Vale, Pennance Lane, Lanner, Redruth, TR16 5TL is Redruth station which is 2.5 kilometres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 Pennance Vale, Pennance Lane, Lanner, Redruth, TR16 5TL, 55.9% of property is privately owned outright and 32.2% is privately owned with a mortgage.
The graph below shows how this compares to South West 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 Pennance Vale, Pennance Lane, Lanner, Redruth, TR16 5TL, 10.1% of residents are recorded as possessing school level qualifications and 33.6% as possessing degree level qualifications.
The graph below shows how this compares to South West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Pennance Vale, Pennance Lane, Lanner, Redruth, TR16 5TL, the average age was 45.1 and the most common age was 57.
The graph below shows how this compares to South 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 Pennance Vale, Pennance Lane, Lanner, Redruth, TR16 5TL, 0.0% of property was a second home.
Comparison figures for South 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 Pennance Vale, Pennance Lane, Lanner, Redruth, TR16 5TL, there are an average of 1.6 cars per household.
See below for how this compares to South West and the rest of England & Wales.