8, Penny Lea
8, Penny Lea
Description & Estimates
According to the public record, 8, Penny Lea, Watchet is a mid-century freehold house with 1,011 ft2 of internal area and sits on a 411 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 8, Penny Lea, Watchet is £275,833 and the estimated rental value is £1,402 per month.
Penny Lea, Watchet, TA23 is located within the TA23 postal district.
Our Data Sources
8, Penny Lea, Watchet has 41 entries in the Land Registry , most recently in May 2019 and a single entry in the EPC database dated August 2010.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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 8, Penny Lea, Watchet is in very good condition we estimate a sale value of £289,625 and a rental value of £1,472 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £256,525 and a rental value of £1,303 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 8, Penny Lea, Watchet has dropped by £2,003 (0.7%), while its estimated rental value has risen by £55 per month (3.9%). Based on current estimates, the property offers a gross rental yield of 6.1%.
Plot Size
According to data from HM Land Registry, 8, Penny Lea, Watchet sits on a plot of 411 m2.
We have plot size data on 8 out of 9 other houses in the postcode and 8, Penny Lea, Watchet sits on the 6th largest plot.
Energy Efficiency
8, Penny Lea, Watchet has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Aug 2010.
The property is connected to mains gas and has partial double glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 8, Penny Lea, Watchet was last sold on 8th May 2019 for £233,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since May 2019, the market for similar properties has risen by 26.0%.
- Sold May 2019£233,000
- Sold Mar 2011£180,000
- Sold Dec 1999£85,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Penny Lea, Watchet within a radius of 940 metres over the last 2 years.
The most recent example is 60, Woodland Road, Watchet, TA23 0HH, a freehold house which sold for £238,000 on the 31st March 2025.
Read more about house prices in TA23.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Penny Lea, Watchet, TA23 has a total of 9 addresses. According to our analysis of all the public data, 8, Penny Lea, Watchet is the 3rd largest and the 4th most expensive property on the street.
When compared to the postcode district it is £12k more expensive than the average property in TA23.
More reading links
Schools Nearby
- 400mKnights Templar Community Church School & Nursery
- 1.0kmSt Peter's Church of England First School
- 2.9kmOld Cleeve Church of England First School
- 9.8kmWest Somerset College
- 15.2kmKingsmead Academy
- 17.5kmBrymore Academy
More reading links
Public Transport Nearby
The closest station to 8, Penny Lea, Watchet is Taunton station, which is 23.0 kilometres away.
- 23.0kmTaunton
- 23.6kmRhoose Cardiff International Airport
- 24.0kmBridgwater
Available Internet Speeds
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
