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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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According to the public record, Flat 2, The Barn, Penzance is a modern leasehold apartment with 484 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 2, The Barn, Penzance is £140,455 and the estimated rental value is £852 per month.
The apartment is within The Barn, Bread Street, Penzance, TR18.
Bread Street, Penzance, TR18 is located within the TR18 postal district.
Flat 2, The Barn, Penzance has a single entry in the Land Registry from January 2022 and a single entry in the EPC database dated August 2021.
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.
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 Flat 2, The Barn, Penzance is in very good condition we estimate a sale value of £147,478 and a rental value of £894 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £130,623 and a rental value of £792 per month.
Over the last 12 months the sale value of Flat 2 The Barn Penzance has decreased by an estimated £4,112 (2.9%) and its rental value has increased by an estimated £45 per month (5.3%), giving an expected gross yield of 7.3%.
Flat 2, The Barn, Penzance has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Aug 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
According to HM Land Registry, Flat 2, The Barn, Penzance was last sold on 21st January 2022 for £135,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since January 2022, the market for similar properties has dropped 2.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, The Barn, Penzance within a radius of 350 metres over the last 2 years.
The most recent example is Flat 1, The Barn, Bread Street, Penzance, TR18 2EH, a leasehold flat which sold for £80,000 on the 4th September 2024.
Read more about house prices in TR18.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bread Street, Penzance, TR18 has a total of 56 addresses. According to our analysis of all the public data, Flat 2, The Barn, Penzance is the 39th largest and the 32nd most expensive property on the street.
When compared to the postcode district it is £146k less expensive than the average property in TR18.
The closest station to Flat 2, The Barn, Penzance is Penzance station which is 300 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 2, The Barn, Penzance, 43.1% of property is socially rented and 33.8% is privately rented.
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 Flat 2, The Barn, Penzance, 7.4% of residents are recorded as possessing school level qualifications and 22.0% 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 Flat 2, The Barn, Penzance, the average age was 46.3 and the most common age was 57.
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 Flat 2, The Barn, Penzance, 0.6% 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 Flat 2, The Barn, Penzance, there are an average of 0.6 cars per household.
See below for how this compares to South West and the rest of England & Wales.
