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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 1, Redinnick Terrace, Penzance is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 1,216 ft2 of internal area and sits on a 180 m2 plot and a garden.
Houses of this size in this area normally have 4 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 1, Redinnick Terrace, Penzance is £347,114 and the estimated rental value is £1,394 per month.
Redinnick Terrace, Penzance, TR18 is located within the TR18 postal district.
1, Redinnick Terrace, Penzance has a single entry in the Land Registry from July 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Redinnick Terrace, Penzance is in very good condition we estimate a sale value of £364,470 and a rental value of £1,463 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £322,816 and a rental value of £1,296 per month.
Over the last 12 months the sale value of 1 Redinnick Terrace Penzance has decreased by an estimated £10,623 (3.1%) and its rental value has increased by an estimated £52 per month (3.7%), giving an expected gross yield of 4.8%.
According to data from HM Land Registry, 1, Redinnick Terrace, Penzance sits on a plot of 180m2.
We have plot size data on 23 out of 25 other houses in the postcode and 1, Redinnick Terrace, Penzance sits on the 2nd largest plot.
According to HM Land Registry, 1, Redinnick Terrace, Penzance was last sold on 20th July 2007 for £248,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since July 2007, the market for similar properties has risen 36.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Redinnick Terrace, Penzance within a radius of 600 metres over the last 2 years.
The most recent example is 15, Redinnick Terrace, Penzance, TR18 4HR, a freehold house which sold for £285,000 on the 29th September 2023.
Read more about house prices in TR18.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Redinnick Terrace, Penzance, TR18 has a total of 25 addresses. According to our analysis of all the public data, 1, Redinnick Terrace, Penzance is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £54k more expensive than the average property in TR18.
The closest station to 1, Redinnick Terrace, Penzance is Penzance station which is 1.0 kilometres away.
According to recent data from Ofcom, there is poor internet coverage in this area which may result in poor or no internet connectivity.
According to recent data from Ofcom, Slow/none 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 1, Redinnick Terrace, Penzance, 64.0% of property is privately owned outright and 19.3% 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 1, Redinnick Terrace, Penzance, 10.4% of residents are recorded as possessing school level qualifications and 44.7% 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 1, Redinnick Terrace, Penzance, the average age was 46.3 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 1, Redinnick Terrace, Penzance, 1.0% 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 1, Redinnick Terrace, Penzance, there are an average of 1.0 cars per household.
See below for how this compares to South West and the rest of England & Wales.
