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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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3, Custom House Lane, Penzance is described in the public record as a period house with 463 ft2 of internal area.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 3, Custom House Lane, Penzance is £163,701 and its rental estimate is £865 per month, given the available information and assuming reasonable condition.
Custom House Lane, Penzance, TR18 falls within the TR18 postal district.
3, Custom House Lane, Penzance has no records in the the Land Registry and a single entry in the EPC database dated April 2011.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 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 3, Custom House Lane, Penzance, we estimate a market value of £171,886 and a rental value of £908 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £152,242 and £805 per month respectively.
Over the last year, 3, Custom House Lane, Penzance has seen its estimated sale value decline by £2,371 (1.4%) and its estimated rental value climb by £46 per month (5.3%). This results in an estimated gross rental yield of 6.3%.
3, Custom House Lane, Penzance has an Energy Performance Rating (EPC) of G. This is based on the most recent assessment, dated 09 Apr 2011.
The property is not connected to mains gas and has single glazed windows. It is heated using Electric storage heaters.
Over the past 2 years 3 properties similar to 3, Custom House Lane, Penzance have sold within a radius of 420 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 9th July 2019, was 19, Daniel Place, Penzance, TR18 4DU, a freehold house which sold for £80,000.
Read more about house prices in TR18.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 8 addresses on Custom House Lane, Penzance, TR18, 3, Custom House Lane, Penzance comes out as the 8th largest and the 8th most expensive in our analysis of the public data.
It is also £129k less expensive than the average property across the TR18 district.
From 3, Custom House Lane, Penzance, the nearest station is Penzance, 500 metres away.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 3, Custom House Lane, Penzance, 34.6% of property is privately rented and 32.7% is socially rented.
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 3, Custom House Lane, Penzance, 8.5% of residents are recorded as possessing school level qualifications and 28.0% 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 3, Custom House Lane, 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 3, Custom House Lane, Penzance, 0.5% 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 3, Custom House Lane, Penzance, there are an average of 0.5 cars per household.
See below for how this compares to South West and the rest of England & Wales.
