According to the public record, The Cottage, Penzance is a period freehold house and with 1,173 ft2 of internal area and sits on a 409 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Gilly Lane, Whitecross, Penzance, TR20 is located within the TR20 postal district.
The Cottage, Penzance has a single entry in the Land Registry database from July 2014 and a single entry in the EPC database dated April 2013.
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 The Cottage Penzance as £403,530 and the rental value as £1,511 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of The Cottage Penzance has increased by £869 (0.2%) and its rental value has increased by £39 per month (2.6%).
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 The Cottage, Penzance is in very good condition we estimate a sale value of £423,707 and rental value of £1,587 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £375,283 and a rental value of £1,405 per month.
If you were able to purchase this property for the estimated value of £403,530, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,983 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, The Cottage, Penzance sits on a plot of 409m2.
We have plot size data on 15 out of 24 other houses in the postcode and The Cottage, Penzance sits on the 10th largest plot.
According to HM Land Registry, The Cottage, Penzance was last sold on 28 Jul 2014 for £249,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2014, the market for similar properties has risen 59.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to The Cottage, Penzance within a radius of 440m over the last 2 years.
The most recent example is Cargease Cottage, Penzance, TR20 8DG, a Freehold house which sold for £485,000 in Aug 2021.
Read more about house prices in TR20.
Gilly Lane, Whitecross, Penzance, TR20 has a total of 27 addresses. According to our analysis of all the public data, The Cottage, Penzance is the 6th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £19k less expensive than the average property in TR20.
The Cottage, Penzance has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 02 Apr 2013.
The property is not connected to mains gas and has mostly secondary glazing. It is heated using an oil fired boiler and radiators.
The closest station to The Cottage, Penzance is St Erth station which is 2.2 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 The Cottage, Penzance, 49.6% of property is privately owned outright and 38.1% 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 The Cottage, Penzance, 16.9% of residents are recorded as possessing school level qualifications and 33.9% 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 The Cottage, 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 The Cottage, 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 The Cottage, 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.