According to the public record, 5 Polmor Mews, Penzance is a modern leasehold apartment and with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Polmor Mews, Polmor Road, Crowlas, Penzance, TR20.
Polmor Road, Crowlas, Penzance, TR20 is located within the TR20 postal district.
5 Polmor Mews, Penzance has a single entry in the Land Registry database from April 2021 and 2 entries in the EPC database, most recently in November 2020.
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 good condition, we estimate the current sale value for 5 Polmor Mews Penzance as £197,718 and the rental value as £926 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 5 Polmor Mews Penzance has increased by £4,809 (2.4%) and its rental value has increased by £48 per month (5.2%).
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 5 Polmor Mews, Penzance is in very good condition we estimate a sale value of £207,604 and rental value of £972 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £183,878 and a rental value of £861 per month.
If you were able to purchase this property for the estimated value of £197,718, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £972 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 HM Land Registry, 5 Polmor Mews, Penzance was last sold on 09 Apr 2021 for £168,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2021, the market for similar properties has risen 19.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5 Polmor Mews, Penzance within a radius of 391m over the last 2 years.
The most recent example is Apartment 4, The Old Sail Loft, Chapel Square, Penzance, TR20 8AL, a Leasehold flat which sold for £190,000 in Apr 2022.
Read more about house prices in TR20.
Polmor Road, Crowlas, Penzance, TR20 has a total of 74 addresses. According to our analysis of all the public data, 5 Polmor Mews, Penzance is the 64th largest and the 62nd most expensive property on the street.
When compared to the postcode district it is £224k less expensive than the average property in TR20.
5 Polmor Mews, Penzance has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Nov 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using an electric air source heat pump and radiators.
The closest station to 5 Polmor Mews, Penzance is St Erth station which is 3.5 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 5 Polmor Mews, Penzance, 36.6% of property is privately owned outright and 35.5% 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 5 Polmor Mews, Penzance, 12.4% of residents are recorded as possessing school level qualifications and 28.4% 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 5 Polmor Mews, Penzance, the average age was 48.6 and the most common age was 72.
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 5 Polmor Mews, Penzance, 0.5% 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 5 Polmor Mews, Penzance, there are an average of 1.5 cars per household.
See below for how this compares to South West and the rest of England & Wales.