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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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5, Penmere Drive, Falmouth is recorded publicly as a modern freehold house across 1,786 ft2 of internal area, sitting on a 529 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 5, Penmere Drive, Falmouth is £673,730 and its rental estimate is £2,157 per month, given the available information and assuming reasonable condition.
Penmere Drive, Falmouth, TR11 falls within the TR11 postal district.
5, Penmere Drive, Falmouth has a single entry in the Land Registry from April 2020 and a single entry in the EPC database dated October 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.
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, Penmere Drive, Falmouth, we estimate a market value of £707,416 and a rental value of £2,264 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £626,569 and £2,006 per month respectively.
Over the last year, 5, Penmere Drive, Falmouth has seen its estimated sale value decline by £16,119 (2.4%) and its estimated rental value climb by £79 per month (3.6%). This results in an estimated gross rental yield of 3.8%.
HM Land Registry records the plot of land for 5, Penmere Drive, Falmouth as measuring 529 m2.
That makes it the 4th largest plot in the postcode, where 7 of the 9 other houses have recorded plot data.
5, Penmere Drive, Falmouth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 26 Oct 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and underfloor heating, mains gas.
The most recent sale of 5, Penmere Drive, Falmouth completed on 9th April 2020 at £560,000 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 risen by 24.2% over the period since April 2020.
Over the past 2 years 3 properties similar to 5, Penmere Drive, Falmouth have sold within a radius of 630 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 9th February 2021, was 4, Penmere Drive, Falmouth, TR11 4GF, a freehold house which sold for £575,000.
Read more about house prices in TR11.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 9 addresses on Penmere Drive, Falmouth, TR11, 5, Penmere Drive, Falmouth comes out as the largest and the most expensive in our analysis of the public data.
It is also £266k more expensive than the average property across the TR11 district.
From 5, Penmere Drive, Falmouth, the nearest station is Penmere, 400 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 5, Penmere Drive, Falmouth, 42.3% of property is privately owned outright and 42.3% is privately owned with a mortgage.
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 5, Penmere Drive, Falmouth, 18.9% of residents are recorded as possessing school level qualifications and 36.6% 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 5, Penmere Drive, Falmouth, the average age was 42.9 and the most common age was 52.
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 5, Penmere Drive, Falmouth, 0.0% 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 5, Penmere Drive, Falmouth, there are an average of 1.6 cars per household.
See below for how this compares to South West and the rest of England & Wales.
