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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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2, South Terrace, Penzance is recorded publicly as a period freehold house across 1,227 ft2 of internal area.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 2, South Terrace, Penzance is £363,323 and its rental estimate is £1,397 per month, given the available information and assuming reasonable condition.
South Terrace, Penzance, TR18 falls within the TR18 postal district.
2, South Terrace, Penzance has 31 entries in the Land Registry , most recently in July 2023 and a single entry in the EPC database dated September 2017.
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.
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 2, South Terrace, Penzance, we estimate a market value of £381,489 and a rental value of £1,467 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £337,891 and £1,299 per month respectively.
Over the last year, 2, South Terrace, Penzance has seen its estimated sale value fall by £11,119 (3.1%) and its estimated rental value move up by £52 per month (3.7%). This results in an estimated gross rental yield of 4.6%.
2, South Terrace, Penzance has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 07 Sep 2017.
The property is connected to mains gas and has partial double glazing. It is heated using Boiler and radiators, mains gas.
The most recent sale of 2, South Terrace, Penzance completed on 14th July 2023 at £368,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 3 times.
Values of comparable properties have dropped by 12.6% over the period since July 2023.
Over the past 2 years 3 properties similar to 2, 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 6th January 2025, was 1, South Terrace, Penzance, TR18 4DP, a freehold house which sold for £400,000.
Read more about house prices in TR18.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 19 addresses on South Terrace, Penzance, TR18, 2, South Terrace, Penzance comes out as the 5th largest and the 5th most expensive in our analysis of the public data.
It is also £70k more expensive than the average property across the TR18 district.
From 2, South Terrace, Penzance, the nearest station is Penzance, 800 metres away.
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.
The flood risk here is rated medium, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, South Terrace, Penzance, 40.2% of property is privately rented and 35.5% is privately owned outright.
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, South Terrace, Penzance, 7.0% of residents are recorded as possessing school level qualifications and 49.4% 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, South Terrace, Penzance, the average age was 46.3 and the most common age was 57.
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, South Terrace, 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, South Terrace, Penzance, there are an average of 0.9 cars per household.
See below for how this compares to South West and the rest of England & Wales.
