According to the public record, 2, Penventon Terrace, Redruth is a period freehold house and with 807 ft2 of internal area and sits on a 217 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Penventon Terrace, Four Lanes, Redruth, TR16 is located within the TR16 postal district.
2, Penventon Terrace, Redruth has 2 entries in the Land Registry database, most recently in August 2017 and no records in the EPC database.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Penventon Terrace Redruth as £241,976 and the rental value as £1,041 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 2 Penventon Terrace Redruth has increased by £712 (0.3%) and its rental value has increased by £33 per month (3.2%).
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 2, Penventon Terrace, Redruth is in very good condition we estimate a sale value of £254,075 and rental value of £1,093 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £225,038 and a rental value of £968 per month.
If you were able to purchase this property for the estimated value of £241,976, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,189 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 2, Penventon Terrace, Redruth sits on a plot of 217m2.
We have plot size data on 12 out of 15 other houses in the postcode and 2, Penventon Terrace, Redruth sits on the 10th largest plot.
According to HM Land Registry, 2, Penventon Terrace, Redruth was last sold on 16 Aug 2017 for £150,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2017, the market for similar properties has risen 38.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Penventon Terrace, Redruth within a radius of 66m over the last 2 years.
The most recent example is 3, Penventon Terrace, Redruth, TR16 6QX, a Freehold house which sold for £255,000 in Jan 2023.
Read more about house prices in TR16.
Penventon Terrace, Four Lanes, Redruth, TR16 has a total of 15 addresses. According to our analysis of all the public data, 2, Penventon Terrace, Redruth is the 13th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £76k less expensive than the average property in TR16.
2, Penventon Terrace, Redruth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Jul 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 2, Penventon Terrace, Redruth is Redruth station which is 3.0 km away.
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 2, Penventon Terrace, Redruth, 30.9% of property is privately owned with a mortgage and 29.5% is privately owned outright.
The graph below shows how this compares to Greater London 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 2, Penventon Terrace, Redruth, 25.7% of residents are recorded as possessing school level qualifications and 22.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Penventon Terrace, Redruth, the average age was 41.2 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 2, Penventon Terrace, Redruth, 0.2% 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 2, Penventon Terrace, Redruth, there are an average of 1.6 cars per household.
See below for how this compares to South West and the rest of England & Wales.