Flat 1, 15
Flat 1, 15
Description & Estimates
Flat 1, 15, Penare Road, Penzance appears in the public record as a leasehold apartment.
By comparing it to nearby properties, we estimate it to be a period apartment with 856 ft2 of internal area and a garden.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 1, 15, Penare Road, Penzance is £117,905 and its rental estimate is £601 per month, given the available information and assuming reasonable condition.
15, Penare Road is a residential building on Penare Road, Penzance, TR18 and falls within the TR18 postal district.
Our Data Sources
Flat 1, 15, Penare Road, Penzance has 3 entries in the Land Registry , most recently in June 2023 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 2 out of 5 and is considered of medium 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 Flat 1, 15, Penare Road, Penzance, we estimate a market value of £123,801 and a rental value of £631 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £109,652 and £559 per month respectively.
Recent Market Change
Over the last year, Flat 1, 15, Penare Road, Penzance has seen its estimated sale value decline by £1,154 (1.0%) and its estimated rental value climb by £35 per month (5.8%). This results in an estimated gross rental yield of 6.1%.
Sold Prices
The most recent sale of Flat 1, 15, Penare Road, Penzance completed on 12th June 2023 at £250,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have dropped by 18.2% over the period since June 2023.
- Sold Jun 2023£250,000
- Sold Nov 2017£144,000
- Sold Mar 2008£142,000
Properties Sold Nearby
Over the past 2 years 3 properties have sold within 420 metres of Flat 1, 15, Penare Road, Penzance, per the Land Registry and our network of Estate Agents.
The latest, on the 3rd February 2023, was 13, Penare Road, Penzance, TR18 3AJ, a freehold house which sold for £510,000.
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 114 addresses on Penare Road, Penzance, TR18, Flat 1, 15, Penare Road, Penzance comes out as the 54th largest and the 87th most expensive in our analysis of the public data.
It is also £175k less expensive than the average property across the TR18 district.
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Schools Nearby
- 300mSt Mary's Catholic School, Penzance
- 900mPensans Community Primary School
- 1.2kmGulval School
- 400mHumphry Davy School
- 1.6kmMounts Bay Academy
- 9.5kmSt Ives School
More reading links
Public Transport Nearby
From Flat 1, 15, Penare Road, Penzance, the nearest station is Penzance, 300 metres away.
- 300mPenzance
- 8.3kmSt Erth
- 9.1kmLelant Saltings
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
