3, Ridgevale Lane
3, Ridgevale Lane
Description & Estimates
According to the public record, 3, Ridgevale Lane, Penzance is a modern freehold house with 1,194 ft2 of internal area and sits on a 706 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 3, Ridgevale Lane, Penzance is £456,670 and the estimated rental value is £1,296 per month.
Ridgevale Lane, Gulval, Penzance, TR18 is located within the TR18 postal district.
Our Data Sources
3, Ridgevale Lane, Penzance has a single entry in the Land Registry from July 2019 and a single entry in the EPC database dated February 2019.
We combine this information with that of neighbouring properties to estimate the property 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 3, Ridgevale Lane, Penzance is in very good condition we estimate a sale value of £479,503 and a rental value of £1,360 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £424,703 and a rental value of £1,205 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 3, Ridgevale Lane, Penzance has fallen by £9,379 (2.1%), while its estimated rental value has moved up by £60 per month (4.6%). Based on current estimates, the property offers a gross rental yield of 3.4%.
Plot Size
According to data from HM Land Registry, 3, Ridgevale Lane, Penzance sits on a plot of 706 m2.
We have plot size data on 3 out of 6 other houses in the postcode and 3, Ridgevale Lane, Penzance sits on the 3rd largest plot.
Energy Efficiency
3, Ridgevale Lane, Penzance has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Feb 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
Sold Prices
According to HM Land Registry, 3, Ridgevale Lane, Penzance was last sold on 30th July 2019 for £375,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since July 2019, the market for similar properties has risen by 27.3%.
- Sold Jul 2019£375,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Ridgevale Lane, Penzance within a radius of 1.0 kilometres over the last 2 years.
The most recent example is 4A, Pendrea Road, Penzance, TR18 3ND, a freehold house which sold for £415,000 on the 29th November 2024.
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
Ridgevale Lane, Gulval, Penzance, TR18 has a total of 6 addresses. According to our analysis of all the public data, 3, Ridgevale Lane, Penzance is the 6th largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £164k more expensive than the average property in TR18.
More reading links
Schools Nearby
- 400mGulval School
- 800mSt Mary's Catholic School, Penzance
- 1.5kmPensans Community Primary School
- 1.1kmHumphry Davy School
- 1.9kmMounts Bay Academy
- 8.6kmSt Ives School
More reading links
Public Transport Nearby
The closest station to 3, Ridgevale Lane, Penzance is Penzance station, which is 1.1 kilometres away.
- 1.1kmPenzance
- 7.5kmSt Erth
- 8.2kmLelant Saltings
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
