3, Causeway Lane
3, Causeway Lane
Description & Estimates
3, Causeway Lane, Penzance is recorded publicly as a modern leasehold apartment across 538 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 3, Causeway Lane, Penzance is £176,225 and its rental estimate is £891 per month, given the available information and assuming reasonable condition.
Causeway Lane, Penzance, TR18 falls within the TR18 postal district.
Our Data Sources
3, Causeway Lane, Penzance has a single entry in the Land Registry from July 2008 and a single entry in the EPC database dated February 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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 3, Causeway Lane, Penzance, we estimate a market value of £185,036 and a rental value of £936 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £163,889 and £829 per month respectively.
Recent Market Change
Over the last year, 3, Causeway Lane, Penzance has seen its estimated sale value decline by £2,984 (1.7%) and its estimated rental value climb by £45 per month (5.1%). This results in an estimated gross rental yield of 6.1%.
Energy Efficiency
3, Causeway Lane, Penzance has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Feb 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 3, Causeway Lane, Penzance completed on 25th July 2008 at £150,000 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 risen by 45.1% over the period since July 2008.
- Sold Jul 2008£150,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, Causeway Lane, Penzance have sold within a radius of 350 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 17th January 2023, was 10, The Arcade, Penzance, TR18 2HW, a leasehold flat which sold for £75,000.
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 5 addresses on Causeway Lane, Penzance, TR18, 3, Causeway Lane, Penzance comes out as the 4th largest and the 4th most expensive in our analysis of the public data.
It is also £117k less expensive than the average property across the TR18 district.
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Schools Nearby
- 600mSt Mary's CofE Primary School, Penzance
- 800mSt Mary's Catholic School, Penzance
- 800mPensans Community Primary School
- 600mHumphry Davy School
- 1.6kmMounts Bay Academy
- 10.1kmSt Ives School
More reading links
Public Transport Nearby
From 3, Causeway Lane, Penzance, the nearest station is Penzance, 500 metres away.
- 500mPenzance
- 8.8kmSt Erth
- 9.6kmLelant Saltings
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
