According to the public record, Apartment 1, Victoria House, Penrith is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 518 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Victoria House, Victoria Road, Penrith, CA11.
Victoria Road, Penrith, CA11 is located in the borough of Eden within the CA11 postal district.
Apartment 1, Victoria House, Penrith has 2 entries in the Land Registry database, most recently in August 2021 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.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Apartment 1 Victoria House Penrith as £70,587 and the rental value as £474 per month giving an expected gross yield of 8.1%.
Over the last 12 months the sale value of Apartment 1 Victoria House Penrith has increased by £2,709 (3.8%) and its rental value has increased by £36 per month (7.5%).
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 Apartment 1, Victoria House, Penrith is in very good condition we estimate a sale value of £74,117 and rental value of £498 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £65,646 and a rental value of £441 per month.
If you were able to purchase this property for the estimated value of £70,587, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £347 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, Apartment 1, Victoria House, Penrith was last sold on 31 Aug 2021 for £88,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2021, the market for similar properties has risen 12.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 1, Victoria House, Penrith within a radius of 283m over the last 2 years.
The most recent example is 8, Langton Court, Penrith, CA11 7AF, a Leasehold flat which sold for £54,000 in Aug 2023.
Read more about house prices in CA11.
Victoria Road, Penrith, CA11 has a total of 55 addresses. According to our analysis of all the public data, Apartment 1, Victoria House, Penrith is the 46th largest and the 52nd most expensive property on the street.
When compared to the postcode district it is £235k less expensive than the average property in CA11.
Apartment 1, Victoria House, Penrith has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 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 Apartment 1, Victoria House, Penrith is Penrith (North Lakes) station which is 700 m 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 Apartment 1, Victoria House, Penrith, 38.5% of property is socially rented and 35.8% 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 Apartment 1, Victoria House, Penrith, 14.0% of residents are recorded as possessing school level qualifications and 19.7% 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 Apartment 1, Victoria House, Penrith, the average age was 42.4 and the most common age was 52.
The graph below shows how this compares to North 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 Apartment 1, Victoria House, Penrith, 1.1% of property was a second home.
Comparison figures for North 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 Apartment 1, Victoria House, Penrith, there are an average of 0.8 cars per household.
See below for how this compares to North West and the rest of England & Wales.