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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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The Old Mill, Penzance is recorded publicly as a period freehold house across 2,454 ft2 of internal area, sitting on a 1,854 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of The Old Mill, Penzance is £549,793 and its rental estimate is £1,963 per month, given the available information and assuming reasonable condition.
Treneere, Penzance, TR18 falls within the TR18 postal district.
The Old Mill, Penzance has 31 entries in the Land Registry , most recently in February 2022 and a single entry in the EPC database dated May 2019.
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.
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 The Old Mill, Penzance, we estimate a market value of £577,282 and a rental value of £2,061 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £511,307 and £1,825 per month respectively.
Over the last year, The Old Mill, Penzance has seen its estimated sale value fall by £23,166 (4.2%) and its estimated rental value move up by £48 per month (2.4%). This results in an estimated gross rental yield of 4.3%.
HM Land Registry records the plot of land for The Old Mill, Penzance as measuring 1,854 m2.
That makes it the largest plot in the postcode, where all 3 other houses have recorded plot data.
The Old Mill, Penzance has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 03 May 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil, Boiler and underfloor heating, oil.
The most recent sale of The Old Mill, Penzance completed on 4th February 2022 at £570,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 121.7% over the period since February 2022.
Over the past 2 years 2 properties similar to The Old Mill, Penzance have sold within a radius of 820 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 23rd April 2018, was 2, Empress Avenue, Penzance, TR18 2UQ, a freehold house which sold for £305,000.
Read more about house prices in TR18.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 6 addresses on Treneere, Penzance, TR18, The Old Mill, Penzance comes out as the 3rd largest and the 2nd most expensive in our analysis of the public data.
It is also £257k more expensive than the average property across the TR18 district.
From The Old Mill, Penzance, the nearest station is Penzance, 1.2 kilometres away.
The flood risk here is rated medium, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around The Old Mill, Penzance, 78.0% of property is socially rented and 10.6% is privately owned with a mortgage.
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 The Old Mill, Penzance, 22.6% of residents are recorded as possessing school level qualifications and 18.3% 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 The Old Mill, 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 The Old Mill, 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 The Old Mill, 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.
