1, South Terrace
1, South Terrace
Description & Estimates
1, South Terrace, Penzance is recorded publicly as a period freehold house across 1,399 ft2 of internal area.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 1, South Terrace, Penzance is £389,409 and its rental estimate is £1,432 per month, given the available information and assuming reasonable condition.
South Terrace, Penzance, TR18 falls within the TR18 postal district.
Our Data Sources
1, South Terrace, Penzance has a single entry in the Land Registry from January 2025 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 4 out of 5 and is considered of high 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, South Terrace, Penzance, we estimate a market value of £408,879 and a rental value of £1,504 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £362,150 and £1,332 per month respectively.
Recent Market Change
Over the last year, 1, South Terrace, Penzance has seen its estimated sale value drop by £11,918 (3.1%) and its estimated rental value rise by £54 per month (3.7%). This results in an estimated gross rental yield of 4.4%.
Energy Efficiency
1, South Terrace, Penzance has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 08 Jul 2024.
The property is not connected to mains gas and has partial double glazing. It is heated using Electric storage heaters.
Sold Prices
The most recent sale of 1, South Terrace, Penzance completed on 6th January 2025 at £400,000 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 dropped by 13.0% over the period since January 2025.
- Sold Jan 2025£400,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 1, South Terrace, Penzance have sold within a radius of 590 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 14th July 2023, was 2, South Terrace, Penzance, TR18 4DP, a freehold house which sold for £368,000.
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
Of the 19 addresses on South Terrace, Penzance, TR18, 1, South Terrace, Penzance comes out as the 2nd largest and the 2nd most expensive in our analysis of the public data.
It is also £96k more expensive than the average property across the TR18 district.
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Schools Nearby
- 400mSt Mary's CofE Primary School, Penzance
- 900mAlverton Primary School
- 1.2kmSt Mary's Catholic School, Penzance
- 1.2kmHumphry Davy School
- 2.1kmMounts Bay Academy
- 10.4kmSt Ives School
More reading links
Public Transport Nearby
From 1, South Terrace, Penzance, the nearest station is Penzance, 800 metres away.
- 800mPenzance
- 8.9kmSt Erth
- 9.8kmLelant Saltings
Available Internet Speeds
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
The flood risk here is rated medium, based on Environment Agency data.
