1, Penny Lea
1, Penny Lea
Description & Estimates
Public records show 1, Penny Lea, Watchet to be a mid-century freehold house with 1,571 ft2 of internal area, sitting on a 709 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
1, Penny Lea, Watchet has an estimated sale value of £399,128 and an estimated rental value of £1,568 per month, assuming reasonable condition and based on the information available.
Penny Lea, Watchet, TA23 lies within the TA23 postal district.
Our Data Sources
1, Penny Lea, Watchet has 21 entries in the Land Registry , most recently in January 2020 and a single entry in the EPC database dated March 2019.
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
In very good condition, we estimate 1, Penny Lea, Watchet would be worth £419,084, with a potential rental value of £1,647 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £371,189, with a rental value of £1,458 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 1, Penny Lea, Watchet has dropped by £6,095 (1.5%) over the last year. During the same period, its estimated monthly rental value has risen by £48 (3.1%). The property's estimated gross yield is currently 4.7%.
Plot Size
1, Penny Lea, Watchet occupies a 709 m2 plot as recorded by HM Land Registry.
Of the 9 other houses in this postcode, 8 have recorded plot sizes, and this one ranks as the 2nd largest.
Energy Efficiency
1, Penny Lea, Watchet has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Mar 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
1, Penny Lea, Watchet last changed hands on 22nd January 2020, selling for £306,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 16.2% since January 2020.
- Sold Jan 2020£306,000
- Sold Apr 2002£142,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 930 metres of 1, Penny Lea, Watchet across the last 2 years.
Most recently, 10, Brendon Road, Watchet, TA23 0AU, a freehold house, sold at £290,000 on the 6th March 2026.
Read more about house prices in TA23.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 1, Penny Lea, Watchet as the 2nd largest and the 2nd most expensive of the 9 addresses on Penny Lea, Watchet, TA23.
Against the TA23 postcode district average, it is £136k more expensive than the typical property.
More reading links
Schools Nearby
- 400mKnights Templar Community Church School & Nursery
- 1.0kmSt Peter's Church of England First School
- 2.9kmOld Cleeve Church of England First School
- 9.8kmWest Somerset College
- 15.2kmKingsmead Academy
- 17.5kmBrymore Academy
More reading links
Public Transport Nearby
Taunton station is the nearest stop to 1, Penny Lea, Watchet at 23.0 kilometres away.
- 23.0kmTaunton
- 23.6kmRhoose Cardiff International Airport
- 24.0kmBridgwater
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
