4 Mellfell Cottages, Penrith
4 Mellfell Cottages, Penrith
Description & Estimates
4 Mellfell Cottages, Penrith appears in the public record as a freehold house sitting on a 364 m2 plot.
By comparing it to nearby properties, we estimate it to be a modern house with 845 ft2 of internal area and a garden.
Locally, houses of this size normally have 3 bedrooms.
Our estimate of the sale value of 4 Mellfell Cottages, Penrith is £663,780 and its rental estimate is £2,436 per month, given the available information and assuming reasonable condition.
Watermillock, Penrith, CA11 falls within the CA11 postal district.
Our Data Sources
4 Mellfell Cottages, Penrith has a single entry in the Land Registry from April 2015 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 4 Mellfell Cottages, Penrith, we estimate a market value of £696,969 and a rental value of £2,558 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £617,316 and £2,266 per month respectively.
Recent Market Change
Over the last year, 4 Mellfell Cottages, Penrith has seen its estimated sale value decrease by £2,971 (0.4%) and its estimated rental value grow by £93 per month (3.8%). This results in an estimated gross rental yield of 4.4%.
Plot Size
HM Land Registry records the plot of land for 4 Mellfell Cottages, Penrith as measuring 364 m2.
That makes it the 7th largest plot in the postcode, where 9 of the 11 other houses have recorded plot data.
Sold Prices
The most recent sale of 4 Mellfell Cottages, Penrith completed on 2nd April 2015 at £232,500 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 4.3% over the period since April 2015.
- Sold Apr 2015£232,500
Similar Properties Sold Nearby
Over the past 2 years 2 properties similar to 4 Mellfell Cottages, Penrith have sold within a radius of 7.8 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 10th August 2015, was 5 Mellfell Cottages, Penrith, CA11 0LS, a freehold house which sold for £180,000.
Read more about house prices in CA11.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 145 addresses on Watermillock, Penrith, CA11, 4 Mellfell Cottages, Penrith comes out as the 121st largest and the 58th most expensive in our analysis of the public data.
It is also £370k more expensive than the average property across the CA11 district.
More reading links
Schools Nearby
- 4.1kmPenruddock Primary School
- 6.8kmStainton CofE Primary School
- 7.2kmGreystoke Primary School
- 10.0kmQueen Elizabeth Grammar School Penrith
- 10.5kmUllswater Community College
- 17.0kmKeswick School
More reading links
Public Transport Nearby
From 4 Mellfell Cottages, Penrith, the nearest station is Penrith (North Lakes), 10.2 kilometres away.
- 10.2kmPenrith (North Lakes)
- 17.2kmLangwathby
- 19.9kmLazonby & Kirkoswald
Available Internet Speeds
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.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
