1, Ridgevale Lane
1, Ridgevale Lane
Description & Estimates
Public records show 1, Ridgevale Lane, Penzance to be a modern freehold house with 1,216 ft2 of internal area, sitting on a 725 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
1, Ridgevale Lane, Penzance has an estimated sale value of £468,277 and an estimated rental value of £1,345 per month, assuming reasonable condition and based on the information available.
Ridgevale Lane, Gulval, Penzance, TR18 lies within the TR18 postal district.
Our Data Sources
1, Ridgevale Lane, Penzance has 31 entries in the Land Registry , most recently in December 2013 and a single entry in the EPC database dated January 2016.
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, Ridgevale Lane, Penzance would be worth £491,691, with a potential rental value of £1,412 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £435,498, with a rental value of £1,251 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, Ridgevale Lane, Penzance has moved down by £14,331 (3.1%) over the last year. During the same period, its estimated monthly rental value has increased by £50 (3.7%). The property's estimated gross yield is currently 3.4%.
Plot Size
1, Ridgevale Lane, Penzance occupies a 725 m2 plot as recorded by HM Land Registry.
Of the 6 other houses in this postcode, 3 have recorded plot sizes, and this one ranks as the 2nd largest.
Energy Efficiency
1, Ridgevale Lane, Penzance has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 13 Jan 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, LPG.
Sold Prices
1, Ridgevale Lane, Penzance last changed hands on 12th December 2013, selling for £235,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold 3 times since 1995.
The market for similar properties has risen by 40.8% since December 2013.
- Sold Dec 2013£235,000
- Sold Jun 2007£315,000
- Sold Oct 1996£90,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 1.0 kilometres of 1, Ridgevale Lane, Penzance across the last 2 years.
Most recently, 5, Ridgevale Close, Penzance, TR18 3RB, a freehold house, sold at £595,000 on the 15th November 2024.
Read more about house prices in TR18.
•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, Ridgevale Lane, Penzance as the 2nd largest and the 2nd most expensive of the 6 addresses on Ridgevale Lane, Gulval, Penzance, TR18.
Against the TR18 postcode district average, it is £175k more expensive than the typical property.
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Schools Nearby
- 400mGulval School
- 800mSt Mary's Catholic School, Penzance
- 1.5kmPensans Community Primary School
- 1.1kmHumphry Davy School
- 1.9kmMounts Bay Academy
- 8.6kmSt Ives School
More reading links
Public Transport Nearby
Penzance station is the nearest stop to 1, Ridgevale Lane, Penzance at 1.1 kilometres away.
- 1.1kmPenzance
- 7.5kmSt Erth
- 8.2kmLelant Saltings
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
