According to the public record, Parc Vellan, Penzance is a period freehold house and with 1,878 ft2 of internal area and sits on a 1,500 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Vellanoweth, Ludgvan, Penzance, TR20 is located within the TR20 postal district.
Parc Vellan, Penzance has 31 entries in the Land Registry database, most recently in September 2011 and a single entry in the EPC database dated July 2009.
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 Parc Vellan Penzance as £655,581 and the rental value as £1,931 per month giving an expected gross yield of 3.5%.
Over the last 12 months the sale value of Parc Vellan Penzance has decreased by £6,222 (0.9%) and its rental value has increased by £27 per month (1.4%).
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 Parc Vellan, Penzance is in very good condition we estimate a sale value of £688,360 and rental value of £2,027 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £609,690 and a rental value of £1,796 per month.
If you were able to purchase this property for the estimated value of £655,581, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,222 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, Parc Vellan, Penzance sits on a plot of 1500m2.
We have plot size data on 3 out of 10 other houses in the postcode and Parc Vellan, Penzance sits on the 2nd largest plot.
According to HM Land Registry, Parc Vellan, Penzance was last sold on 30 Sep 2011 for £485,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Sep 2011, the market for similar properties has risen 67.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Parc Vellan, Penzance within a radius of 690m over the last 2 years.
The most recent example is 7, Church Hill, Penzance, TR20 8EU, a Freehold house which sold for £410,000 in Jan 2020.
Read more about house prices in TR20.
Vellanoweth, Ludgvan, Penzance, TR20 has a total of 25 addresses. According to our analysis of all the public data, Parc Vellan, Penzance is the largest and the most expensive property on the street.
When compared to the postcode district it is £233k more expensive than the average property in TR20.
Parc Vellan, Penzance has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 02 Jul 2009.
The property is not connected to mains gas and has partial double glazing. It is heated using an oil fired boiler and radiators.
The closest station to Parc Vellan, Penzance is St Erth station which is 4.1 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 Parc Vellan, Penzance, 55.6% of property is privately owned outright and 24.8% 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 Parc Vellan, Penzance, 14.6% of residents are recorded as possessing school level qualifications and 36.2% 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 Parc Vellan, Penzance, the average age was 50 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 Parc Vellan, Penzance, 0.3% 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 Parc Vellan, Penzance, there are an average of 1.7 cars per household.
See below for how this compares to South West and the rest of England & Wales.