2, Mill Lane
2, Mill Lane
Description & Estimates
According to the public record, 2, Mill Lane, Penzance is a freehold house that sits on a 46.3 m2 plot.
By comparing it to neighbours, we estimate that it is a period house with 1,188 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Mill Lane, Penzance is £315,634 and the estimated rental value is £1,455 per month.
Mill Lane, Mousehole, Penzance, TR19 is located within the TR19 postal district.
Our Data Sources
2, Mill Lane, Penzance has 61 entries in the Land Registry , most recently in February 2021 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 1 out of 5 and is considered of low accuracy.
Price Range & Condition
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 2, Mill Lane, Penzance is in very good condition we estimate a sale value of £331,415 and a rental value of £1,528 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £293,539 and a rental value of £1,353 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 2, Mill Lane, Penzance has declined by £3,978 (1.3%), while its estimated rental value has climbed by £70 per month (4.8%). Based on current estimates, the property offers a gross rental yield of 5.5%.
Plot Size
According to data from HM Land Registry, 2, Mill Lane, Penzance sits on a plot of 46 m2.
We have plot size data on 2 out of 4 other houses in the postcode and 2, Mill Lane, Penzance sits on the 2nd largest plot.
Sold Prices
According to HM Land Registry, 2, Mill Lane, Penzance was last sold on 15th February 2021 for £340,000 and was recorded as a freehold house.
The property has had 6 sales since 1995.
Since February 2021, the market for similar properties has dropped by 13.8%.
- Sold Feb 2021£340,000
- Sold Sep 2018£310,000
- Sold Sep 2002£137,950
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Mill Lane, Penzance within a radius of 2.4 kilometres over the last 2 years.
The most recent example is Glenverne, Millpool, Penzance, TR19 6RB, a freehold house which sold for £375,000 on the 23rd June 2022.
Read more about house prices in TR19.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Mill Lane, Mousehole, Penzance, TR19 has a total of 4 addresses. According to our analysis of all the public data, 2, Mill Lane, Penzance is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £44k less expensive than the average property in TR19.
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Schools Nearby
- 300mMousehole School
- 3.0kmNewlyn School
- 3.5kmSt Mary's CofE Primary School, Penzance
- 4.7kmHumphry Davy School
- 5.2kmMounts Bay Academy
- 11.6kmCape Cornwall School
More reading links
Public Transport Nearby
The closest station to 2, Mill Lane, Penzance is Penzance station, which is 4.4 kilometres away.
- 4.4kmPenzance
- 11.9kmSt Erth
- 12.8kmLelant Saltings
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
