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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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Public records show 2, Forbes Close, Penzance to be a mid-century freehold house with 893 ft2 of internal area, sitting on a 142 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
2, Forbes Close, Penzance has an estimated sale value of £235,888 and an estimated rental value of £1,182 per month, assuming reasonable condition and based on the information available.
Forbes Close, Newlyn, Penzance, TR18 lies within the TR18 postal district.
2, Forbes Close, Penzance has 31 entries in the Land Registry , most recently in August 2018 and a single entry in the EPC database dated July 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
In very good condition, we estimate 2, Forbes Close, Penzance would be worth £247,682, with a potential rental value of £1,242 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £219,375, with a rental value of £1,100 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of 2, Forbes Close, Penzance has fallen by £4,845 (2.1%) over the last year. During the same period, its estimated monthly rental value has moved up by £54 (4.6%). The property's estimated gross yield is currently 6.0%.
2, Forbes Close, Penzance occupies a 142 m2 plot as recorded by HM Land Registry.
Of the 25 other houses in this postcode, 20 have recorded plot sizes, and this one ranks as the 10th largest.
2, Forbes Close, Penzance has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Jul 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
2, Forbes Close, Penzance last changed hands on 16th August 2018, selling for £170,000. 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 21.5% since August 2018.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 1.1 kilometres of 2, Forbes Close, Penzance across the last 2 years.
Most recently, 17, Faugan Road, Penzance, TR18 5DH, a freehold house, sold at £262,000 on the 20th November 2024.
Read more about house prices in TR18.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks 2, Forbes Close, Penzance as the 6th largest and the 7th most expensive of the 25 addresses on Forbes Close, Newlyn, Penzance, TR18.
Against the TR18 postcode district average, it is £57k less expensive than the typical property.
Penzance station is the nearest stop to 2, Forbes Close, Penzance at 3.0 kilometres away.
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Environment Agency data suggests this area has a very low risk of flooding.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Forbes Close, Penzance, 53.0% of property is privately owned outright and 32.1% 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 2, Forbes Close, Penzance, 14.7% of residents are recorded as possessing school level qualifications and 26.0% 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 2, Forbes Close, Penzance, the average age was 49.5 and the most common age was 72.
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 2, Forbes Close, Penzance, 0.0% 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 2, Forbes Close, Penzance, there are an average of 1.5 cars per household.
See below for how this compares to South West and the rest of England & Wales.
