According to the public record, 40, Parc Letta, Penzance is a early-century freehold house and with 731 ft2 of internal area and sits on a 170 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Parc Letta, Heamoor, Penzance, TR18 is located within the TR18 postal district.
40, Parc Letta, Penzance has 5 entries in the Land Registry database, most recently in December 2022 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 40 Parc Letta Penzance as £254,785 and the rental value as £1,041 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 40 Parc Letta Penzance has increased by £1,999 (0.8%) and its rental value has increased by £38 per month (3.7%).
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 40, Parc Letta, Penzance is in very good condition we estimate a sale value of £267,525 and rental value of £1,093 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £236,950 and a rental value of £968 per month.
If you were able to purchase this property for the estimated value of £254,785, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,252 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, 40, Parc Letta, Penzance sits on a plot of 170m2.
We have plot size data on 17 out of 34 other houses in the postcode and 40, Parc Letta, Penzance sits on the 8th largest plot.
According to HM Land Registry, 40, Parc Letta, Penzance was last sold on 16 Dec 2022 for £280,000 and was recorded as a freehold house.
The property has had 5 sales since 1995.
Since Dec 2022, the market for similar properties has dropped 4.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Parc Letta, Penzance within a radius of 80m over the last 2 years.
The most recent example is 9, Parc Letta, Penzance, TR18 3EF, a Freehold house which sold for £255,000 in Apr 2023.
Read more about house prices in TR18.
Parc Letta, Heamoor, Penzance, TR18 has a total of 36 addresses. According to our analysis of all the public data, 40, Parc Letta, Penzance is the 27th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £36k less expensive than the average property in TR18.
40, Parc Letta, Penzance has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Oct 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 40, Parc Letta, Penzance is Penzance station which is 1.7 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 40, Parc Letta, Penzance, 50.4% of property is privately owned outright and 27.3% is privately owned with a mortgage.
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 40, Parc Letta, Penzance, 20.3% of residents are recorded as possessing school level qualifications and 23.3% 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 40, Parc Letta, 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 40, Parc Letta, 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 40, Parc Letta, Penzance, there are an average of 1.4 cars per household.
See below for how this compares to South West and the rest of England & Wales.