1, Old Cable Lane
1, Old Cable Lane
Description & Estimates
1, Old Cable Lane, Penzance is recorded publicly as a modern freehold house across 2,400 ft2 of internal area, sitting on a 1,416 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 1, Old Cable Lane, Penzance is £755,149 and its rental estimate is £2,091 per month, given the available information and assuming reasonable condition.
Old Cable Lane, St. Levan, Penzance, TR19 falls within the TR19 postal district.
Our Data Sources
1, Old Cable Lane, Penzance has a single entry in the Land Registry from October 2012 and a single entry in the EPC database dated July 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1, Old Cable Lane, Penzance, we estimate a market value of £792,907 and a rental value of £2,196 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £702,289 and £1,945 per month respectively.
Recent Market Change
Over the last year, 1, Old Cable Lane, Penzance has seen its estimated sale value decrease by £23,943 (3.2%) and its estimated rental value grow by £65 per month (3.1%). This results in an estimated gross rental yield of 3.3%.
Plot Size
HM Land Registry records the plot of land for 1, Old Cable Lane, Penzance as measuring 1,416 m2.
That makes it the 2nd largest plot in the postcode, where all 7 other houses have recorded plot data.
Energy Efficiency
1, Old Cable Lane, Penzance has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 26 Jul 2024.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
Sold Prices
The most recent sale of 1, Old Cable Lane, Penzance completed on 19th October 2012 at £490,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 40.2% over the period since October 2012.
- Sold Oct 2012£490,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 1, Old Cable Lane, Penzance have sold within a radius of 7.2 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 22nd February 2021, was Foxhill, Penzance, TR19 6LJ, a freehold house which sold for £825,000.
Read more about house prices in TR19.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 7 addresses on Old Cable Lane, St. Levan, Penzance, TR19, 1, Old Cable Lane, Penzance comes out as the 2nd largest and the 4th most expensive in our analysis of the public data.
It is also £395k more expensive than the average property across the TR19 district.
More reading links
Schools Nearby
- 1.4kmSt Levan Primary School
- 3.9kmSennen Community Primary Academy
- 3.9kmSt Buryan Primary School
- 8.8kmCape Cornwall School
- 11.5kmMounts Bay Academy
- 11.9kmHumphry Davy School
More reading links
Public Transport Nearby
From 1, Old Cable Lane, Penzance, the nearest station is Penzance, 12.1 kilometres away.
- 12.1kmPenzance
- 20.4kmSt Erth
- 21.2kmLelant Saltings
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
