1 Polvellan, The Parade
1 Polvellan, The Parade
Description & Estimates
1 Polvellan, The Parade, Penzance is recorded publicly as a modern leasehold apartment across 1,054 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of 1 Polvellan, The Parade, Penzance is £652,146 and its rental estimate is £1,457 per month, given the available information and assuming reasonable condition.
The Parade, Mousehole, Penzance, TR19 falls within the TR19 postal district.
Our Data Sources
1 Polvellan, The Parade, Penzance has a single entry in the Land Registry from May 2022 and a single entry in the EPC database dated October 2021.
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 Polvellan, The Parade, Penzance, we estimate a market value of £684,754 and a rental value of £1,530 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £606,496 and £1,355 per month respectively.
Recent Market Change
Over the last year, 1 Polvellan, The Parade, Penzance has seen its estimated sale value fall by £3,643 (0.6%) and its estimated rental value move up by £78 per month (5.3%). This results in an estimated gross rental yield of 2.7%.
Energy Efficiency
1 Polvellan, The Parade, Penzance has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Oct 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, electric.
Sold Prices
The most recent sale of 1 Polvellan, The Parade, Penzance completed on 11th May 2022 at £640,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 45.5% over the period since May 2022.
- Sold May 2022£640,000
Similar Properties Sold Nearby
Over the past 2 years 1 property similar to 1 Polvellan, The Parade, Penzance has sold within a radius of 2.3 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 2nd December 2022, was 2 Polvellan, The Parade, Penzance, TR19 6PT, a leasehold flat which sold for £600,000.
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 29 addresses on The Parade, Mousehole, Penzance, TR19, 1 Polvellan, The Parade, Penzance comes out as the 14th largest and the 5th most expensive in our analysis of the public data.
It is also £292k more expensive than the average property across the TR19 district.
More reading links
Schools Nearby
- 200mMousehole School
- 2.8kmNewlyn School
- 3.2kmSt Mary's CofE Primary School, Penzance
- 4.4kmHumphry Davy School
- 5.0kmMounts Bay Academy
- 11.6kmCape Cornwall School
More reading links
Public Transport Nearby
From 1 Polvellan, The Parade, Penzance, the nearest station is Penzance, 4.0 kilometres away.
- 4.0kmPenzance
- 11.5kmSt Erth
- 12.5kmLelant Saltings
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
