Flat 2, Cranfield
Flat 2, Cranfield
Description & Estimates
Flat 2, Cranfield, Penzance appears in the public record as a leasehold apartment.
We estimate it to be a period apartment with 874 ft2 of internal area by comparing it to nearby properties.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of Flat 2, Cranfield, Penzance is £244,889 and its rental estimate is £950 per month, given the available information and assuming reasonable condition.
Cranfield, Alexandra Road is a residential building on Alexandra Road, Penzance, TR18 and falls within the TR18 postal district.
Our Data Sources
Flat 2, Cranfield, Penzance has 2 entries in the Land Registry , most recently in October 2014 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 2, Cranfield, Penzance, we estimate a market value of £257,133 and a rental value of £997 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £227,746 and £883 per month respectively.
Recent Market Change
Over the last year, Flat 2, Cranfield, Penzance has seen its estimated sale value decline by £3,692 (1.5%) and its estimated rental value climb by £48 per month (5.0%). This results in an estimated gross rental yield of 4.7%.
Sold Prices
The most recent sale of Flat 2, Cranfield, Penzance completed on 6th October 2014 at £237,950 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 28.9% over the period since October 2014.
- Sold Oct 2014£237,950
- Sold Jan 2013£179,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 2, Cranfield, Penzance have sold within a radius of 580 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 18th December 2024, was 3 Carlton Apartments, Promenade, Penzance, TR18 4NW, a leasehold flat which sold for £399,000.
Read more about house prices in TR18.
- Sold Dec 2024£399,000 | 3 Bed FlatPromenade3 Carlton Apartments, Promenade, Penzance, TR18 4NW
- Sold Aug 2022£240,000 | 2 Bed FlatThe Limes , Alexandra RoadFlat 2, The Limes , Alexandra Road, Penzance, TR18 4LZ
- Sold Jul 2016£170,000 | 2 Bed FlatAlverton Manor, Alverton RoadApartment 8, Alverton Manor, Alverton Road, Penzance, TR18 4TR
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 153 addresses on Alexandra Road, Penzance, TR18, Flat 2, Cranfield, Penzance comes out as the 46th largest and the 63rd most expensive in our analysis of the public data.
It is also £48k less expensive than the average property across the TR18 district.
More reading links
Schools Nearby
- 300mAlverton Primary School
- 500mSt Mary's CofE Primary School, Penzance
- 800mNewlyn School
- 1.1kmHumphry Davy School
- 1.6kmMounts Bay Academy
- 10.2kmCape Cornwall School
More reading links
Public Transport Nearby
From Flat 2, Cranfield, Penzance, the nearest station is Penzance, 1.1 kilometres away.
- 1.1kmPenzance
- 9.4kmSt Erth
- 10.2kmLelant Saltings
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.
