3, South Parade
3, South Parade
Description & Estimates
3, South Parade, Penzance is recorded publicly as a period freehold house across 2,884 ft2 of internal area, sitting on a 104 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 3, South Parade, Penzance is £722,638 and its rental estimate is £1,998 per month, given the available information and assuming reasonable condition.
South Parade, Penzance, TR18 falls within the TR18 postal district.
Our Data Sources
3, South Parade, Penzance has 31 entries in the Land Registry , most recently in March 2023 and a single entry in the EPC database dated January 2022.
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.
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, South Parade, Penzance, we estimate a market value of £758,769 and a rental value of £2,098 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £672,053 and £1,859 per month respectively.
Recent Market Change
Over the last year, 3, South Parade, Penzance has seen its estimated sale value move down by £30,449 (4.2%) and its estimated rental value increase by £49 per month (2.4%). This results in an estimated gross rental yield of 3.3%.
Plot Size
HM Land Registry records the plot of land for 3, South Parade, Penzance as measuring 104 m2.
That makes it the 4th largest plot in the postcode, where 4 of the 5 other houses have recorded plot data.
Energy Efficiency
3, South Parade, Penzance has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 27 Jan 2022.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 3, South Parade, Penzance completed on 1st March 2023 at £700,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 10.5% over the period since March 2023.
- Sold Mar 2023£700,000
- Sold Aug 2019£495,000
- Sold May 1996£117,000
Similar Properties Sold Nearby
Over the past 2 years 2 properties similar to 3, South Parade, Penzance have sold within a radius of 400 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 28th May 2024, was 2, South Parade, Penzance, TR18 4DJ, a freehold house which sold for £750,000.
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 South Parade, Penzance, TR18, 3, South Parade, Penzance comes out as the 3rd largest and the most expensive in our analysis of the public data.
It is also £430k more expensive than the average property across the TR18 district.
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Schools Nearby
- 400mSt Mary's CofE Primary School, Penzance
- 800mAlverton Primary School
- 1.0kmPensans Community Primary School
- 900mHumphry Davy School
- 1.8kmMounts Bay Academy
- 10.3kmSt Ives School
More reading links
Public Transport Nearby
From 3, South Parade, Penzance, the nearest station is Penzance, 600 metres away.
- 600mPenzance
- 8.9kmSt Erth
- 9.8kmLelant Saltings
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
