The Old Workshop, Penzance
The Old Workshop, Penzance
Description & Estimates
The Old Workshop, Penzance appears in the public record as a freehold house.
By comparing it to nearby properties, we estimate it to be a period house with 1,771 ft2 of internal area and a garden.
Locally, houses of this size normally have 4 bedrooms.
Our estimate of the sale value of The Old Workshop, Penzance is £426,986 and its rental estimate is £1,696 per month, given the available information and assuming reasonable condition.
Lower Drift, Buryas Bridge, Penzance, TR19 falls within the TR19 postal district.
Our Data Sources
The Old Workshop, Penzance has 2 entries in the Land Registry , most recently in January 2017 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 5 out of 5 and is considered of high 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 The Old Workshop, Penzance, we estimate a market value of £448,336 and a rental value of £1,781 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £397,097 and £1,577 per month respectively.
Recent Market Change
Over the last year, The Old Workshop, Penzance has seen its estimated sale value fall by £9,815 (2.3%) and its estimated rental value move up by £59 per month (3.5%). This results in an estimated gross rental yield of 4.8%.
Sold Prices
The most recent sale of The Old Workshop, Penzance completed on 23rd January 2017 at £380,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 26.9% over the period since January 2017.
- Sold Jan 2017£380,000
- Sold Jul 2007£420,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to The Old Workshop, Penzance have sold within a radius of 2.4 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 5th December 2024, was Penvale House, Penzance, TR19 6AR, a freehold house which sold for £425,000.
Read more about house prices in TR19.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 31 addresses on Lower Drift, Buryas Bridge, Penzance, TR19, The Old Workshop, Penzance comes out as the 7th largest and the 14th most expensive in our analysis of the public data.
It is also £67k more expensive than the average property across the TR19 district.
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Schools Nearby
- 2.4kmNewlyn School
- 2.8kmAlverton Primary School
- 3.0kmHeamoor Community Primary School
- 3.4kmMounts Bay Academy
- 3.9kmHumphry Davy School
- 7.9kmCape Cornwall School
More reading links
Public Transport Nearby
From The Old Workshop, Penzance, the nearest station is Penzance, 4.2 kilometres away.
- 4.2kmPenzance
- 12.4kmSt Erth
- 13.2kmLelant Saltings
Available Internet Speeds
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
