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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 4, 5, Penare Road, Penzance is a period leasehold apartment with 258 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 4, 5, Penare Road, Penzance is £84,562 and the estimated rental value is £562 per month.
The apartment is within 5, Penare Road, Penzance, TR18.
Penare Road, Penzance, TR18 is located within the TR18 postal district.
Flat 4, 5, Penare Road, Penzance has a single entry in the Land Registry from April 2012 and a single entry in the EPC database dated September 2020.
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 4, 5, Penare Road, Penzance is in very good condition we estimate a sale value of £88,790 and a rental value of £590 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £78,642 and a rental value of £523 per month.
Over the last 12 months the sale value of Flat 4 5 Penare Road Penzance has decreased by an estimated £1,436 (1.7%) and its rental value has increased by an estimated £28 per month (5.0%), giving an expected gross yield of 8%.
Flat 4, 5, Penare Road, Penzance has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Sep 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
According to HM Land Registry, Flat 4, 5, Penare Road, Penzance was last sold on 5th April 2012 for £34,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since April 2012, the market for similar properties has risen 147.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, 5, Penare Road, Penzance within a radius of 420 metres over the last 2 years.
The most recent example is Flat 3, 5, Penare Road, Penzance, TR18 3AJ, a leasehold flat which sold for £85,000 on the 26th April 2017.
Read more about house prices in TR18.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Penare Road, Penzance, TR18 has a total of 114 addresses. According to our analysis of all the public data, Flat 4, 5, Penare Road, Penzance is the 79th largest and the 97th most expensive property on the street.
When compared to the postcode district it is £208k less expensive than the average property in TR18.
The closest station to Flat 4, 5, Penare Road, Penzance is Penzance station which is 300 metres away.
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.
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 4, 5, Penare Road, Penzance, 46.9% of property is privately rented and 20.4% is privately owned outright.
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 4, 5, Penare Road, Penzance, 20.5% of residents are recorded as possessing school level qualifications and 42.1% 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 4, 5, Penare Road, Penzance, the average age was 45.1 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 Flat 4, 5, Penare Road, Penzance, 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 Flat 4, 5, Penare Road, Penzance, there are an average of 1.0 cars per household.
See below for how this compares to South West and the rest of England & Wales.
