According to the public record, 8, Penny Park Lane, Coventry is a modern freehold house and with 904 ft2 of internal area and sits on a 195 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Penny Park Lane, Coventry, CV6 is located in the borough of Coventry within the CV6 postal district.
8, Penny Park Lane, Coventry has a single entry in the Land Registry database from July 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 8 Penny Park Lane Coventry as £256,445 and the rental value as £1,147 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 8 Penny Park Lane Coventry has increased by £1,554 (0.6%) and its rental value has increased by £44 per month (3.8%).
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 8, Penny Park Lane, Coventry is in very good condition we estimate a sale value of £269,267 and rental value of £1,205 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £238,494 and a rental value of £1,067 per month.
If you were able to purchase this property for the estimated value of £256,445, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,260 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, 8, Penny Park Lane, Coventry sits on a plot of 195m2.
We have plot size data on 29 out of 46 other houses in the postcode and 8, Penny Park Lane, Coventry sits on the 25th largest plot.
According to HM Land Registry, 8, Penny Park Lane, Coventry was last sold on 21 Jul 2017 for £249,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2017, the market for similar properties has risen 26.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Penny Park Lane, Coventry within a radius of 20m over the last 2 years.
The most recent example is 8A, Penny Park Lane, Coventry, CV6 2GT, a Freehold house which sold for £213,000 in May 2017.
Read more about house prices in CV6.
Penny Park Lane, Coventry, CV6 has a total of 73 addresses. According to our analysis of all the public data, 8, Penny Park Lane, Coventry is the 62nd largest and the 56th most expensive property on the street.
When compared to the postcode district it is £60k more expensive than the average property in CV6.
8, Penny Park Lane, Coventry has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 02 Mar 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 8, Penny Park Lane, Coventry is Coventry Arena station which is 1.9 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 8, Penny Park Lane, Coventry, 48.5% of property is privately owned with a mortgage and 38.1% 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 8, Penny Park Lane, Coventry, 22.6% of residents are recorded as possessing school level qualifications and 26.1% 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 8, Penny Park Lane, Coventry, the average age was 41.9 and the most common age was 52.
The graph below shows how this compares to West Midlands 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 8, Penny Park Lane, Coventry, 0.5% of property was a second home.
Comparison figures for West Midlands 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 8, Penny Park Lane, Coventry, there are an average of 1.5 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.