Flat 8, Wreay Mansion
Flat 8, Wreay Mansion
Description & Estimates
Flat 8, Wreay Mansion, Penrith is recorded publicly as a period leasehold apartment across 764 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 8, Wreay Mansion, Penrith is £322,911 and its rental estimate is £1,481 per month, given the available information and assuming reasonable condition.
Wreay Mansion, Watermillock is a residential building on Watermillock, Penrith, CA11 and falls within the CA11 postal district.
Our Data Sources
Flat 8, Wreay Mansion, Penrith has 21 entries in the Land Registry , most recently in November 2020 and a single entry in the EPC database dated January 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 8, Wreay Mansion, Penrith, we estimate a market value of £339,056 and a rental value of £1,555 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £300,307 and £1,377 per month respectively.
Recent Market Change
Over the last year, Flat 8, Wreay Mansion, Penrith has seen its estimated sale value fall by £2,426 (0.8%) and its estimated rental value move up by £51 per month (3.4%). This results in an estimated gross rental yield of 5.5%.
Energy Efficiency
Flat 8, Wreay Mansion, Penrith has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Jan 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
The most recent sale of Flat 8, Wreay Mansion, Penrith completed on 9th November 2020 at £260,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 43.4% over the period since November 2020.
- Sold Nov 2020£260,000
- Sold Sep 2003£199,000
Similar Properties Sold Nearby
Over the past 2 years 1 property similar to Flat 8, Wreay Mansion, Penrith has sold within a radius of 7.1 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 27th January 2020, was Flat 1, Wreay Mansion, Penrith, CA11 0LT, a leasehold flat which sold for £280,000.
Read more about house prices in CA11.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 145 addresses on Watermillock, Penrith, CA11, Flat 8, Wreay Mansion, Penrith comes out as the 125th largest and the 121st most expensive in our analysis of the public data.
It is also £29k more expensive than the average property across the CA11 district.
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Schools Nearby
- 4.1kmPenruddock Primary School
- 5.9kmStainton CofE Primary School
- 6.9kmGreystoke Primary School
- 9.1kmQueen Elizabeth Grammar School Penrith
- 9.5kmUllswater Community College
- 18.1kmKeswick School
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Public Transport Nearby
From Flat 8, Wreay Mansion, Penrith, the nearest station is Penrith (North Lakes), 9.2 kilometres away.
- 9.2kmPenrith (North Lakes)
- 16.2kmLangwathby
- 19.1kmLazonby & Kirkoswald
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.
