5, Old Cable Lane
5, Old Cable Lane
Description & Estimates
5, Old Cable Lane, Penzance is described in the public record as a modern house with 4,197 ft2 of internal area, sitting on a 619 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 5, Old Cable Lane, Penzance is £1,108,243 and its rental estimate is £2,730 per month, given the available information and assuming reasonable condition.
Old Cable Lane, St. Levan, Penzance, TR19 falls within the TR19 postal district.
Our Data Sources
5, Old Cable Lane, Penzance has no records in the the Land Registry and a single entry in the EPC database dated March 2017.
We combine this information with public data 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
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 5, Old Cable Lane, Penzance, we estimate a market value of £1,163,655 and a rental value of £2,866 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £1,030,666 and £2,539 per month respectively.
Recent Market Change
Over the last year, 5, Old Cable Lane, Penzance has seen its estimated sale value decline by £35,139 (3.2%) and its estimated rental value climb by £85 per month (3.1%). This results in an estimated gross rental yield of 3.0%.
Plot Size
HM Land Registry records the plot of land for 5, Old Cable Lane, Penzance as measuring 619 m2.
That makes it the 6th largest plot in the postcode, where all 7 other houses have recorded plot data.
Energy Efficiency
5, Old Cable Lane, Penzance has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 Mar 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
Properties Sold Nearby
Over the past 2 years 3 properties have sold within 7.2 kilometres of 5, Old Cable Lane, Penzance, per the Land Registry and our network of Estate Agents.
The latest, on the 1st March 2019, was 3, Old Cable Lane, Penzance, TR19 6HL, a freehold house which sold for £635,000.
Read more about house prices in TR19.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 7 addresses on Old Cable Lane, St. Levan, Penzance, TR19, 5, Old Cable Lane, Penzance comes out as the largest and the most expensive in our analysis of the public data.
It is also £749k more expensive than the average property across the TR19 district.
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Schools Nearby
- 1.4kmSt Levan Primary School
- 3.9kmSennen Community Primary Academy
- 3.9kmSt Buryan Primary School
- 8.8kmCape Cornwall School
- 11.5kmMounts Bay Academy
- 11.9kmHumphry Davy School
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Public Transport Nearby
From 5, Old Cable Lane, Penzance, the nearest station is Penzance, 12.1 kilometres away.
- 12.1kmPenzance
- 20.4kmSt Erth
- 21.2kmLelant Saltings
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
