Penvearne, Redruth
Penvearne, Redruth
Description & Estimates
Public records show Penvearne, Redruth to be a mid-century freehold house with 1,657 ft2 of internal area, sitting on a 918 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
Penvearne, Redruth has an estimated sale value of £437,673 and an estimated rental value of £1,578 per month, assuming reasonable condition and based on the information available.
Pennance Lane, Lanner, Redruth, TR16 lies within the TR16 postal district.
Our Data Sources
Penvearne, Redruth has 41 entries in the Land Registry , most recently in August 2022 and a single entry in the EPC database dated January 2022.
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.
Price Range & Condition
In very good condition, we estimate Penvearne, Redruth would be worth £459,556, with a potential rental value of £1,657 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £407,036, with a rental value of £1,467 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Penvearne, Redruth has fallen by £16,614 (3.8%) over the last year. During the same period, its estimated monthly rental value has moved up by £50 (3.2%). The property's estimated gross yield is currently 4.3%.
Plot Size
Penvearne, Redruth occupies a 918 m2 plot as recorded by HM Land Registry.
Of the 22 other houses in this postcode, 13 have recorded plot sizes, and this one ranks as the 2nd largest.
Energy Efficiency
Penvearne, Redruth has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 12 Jan 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
Sold Prices
Penvearne, Redruth last changed hands on 12th August 2022, selling for £481,650. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold 4 times since 1995.
The market for similar properties has dropped by 1.4% since August 2022.
- Sold Aug 2022£481,650
- Sold May 2014£275,000
- Sold Jul 2004£270,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 1.7 kilometres of Penvearne, Redruth across the last 2 years.
Most recently, 16, Lanmoor Estate, Redruth, TR16 6HN, a freehold house, sold at £522,000 on the 17th August 2023.
Read more about house prices in TR16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks Penvearne, Redruth as the 4th largest and the 11th most expensive of the 37 addresses on Pennance Lane, Lanner, Redruth, TR16.
Against the TR16 postcode district average, it is £120k more expensive than the typical property.
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Schools Nearby
- 300mLanner Primary School
- 2.3kmTrewirgie Junior School
- 2.3kmTrewirgie Infants' School
- 3.2kmRedruth School
- 5.1kmPool Academy
- 7.9kmCamborne Science and International Academy
More reading links
Public Transport Nearby
Redruth station is the nearest stop to Penvearne, Redruth at 2.5 kilometres away.
- 2.5kmRedruth
- 6.4kmPerranwell
- 6.9kmCamborne
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
