23 Mount'S Bay Lodge New Town Lane

    23 MOUNT'S BAY LODGE, NEW TOWN LANE, PENZANCE, TR18 2FJ

    This flat/maisonette leasehold property on New Town Lane last sold in January 2024 for £399,950. Based on price growth in the TR18 district since then, its estimated current value is £386,244 — placing it in the 65th percentile nationally and the 79th percentile within TR18. The property covers 72 m² (775 sq ft), giving an estimated value of £5,365 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    775 sq ft

    72 m²

    Last Sale Price

    £399,950

    Jan 2024

    Estimated Valuation

    £386,244

    Est. £/sq ft

    £498/sq ft

    £5,365/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formDetached
    Construction age2015
    Habitable roomsNot available
    Main fuelNot available
    EPC currentC
    EPC potentialC
    Floor area775 sq ft (72 m²)
    EPC dateJun 2017
    WallsAverage thermal transmittance 0.27 W/m²K
    HeatingCommunity scheme

    Transaction History

    26 Jan 2024

    £399,950

    30 Nov 2020

    New build

    £378,950

    Key Metrics

    Estimated valuation£386,244
    Value per sq ft / m²£498/sq ft (£5,365/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    TR18 district percentile79th percentile
    National percentile65th percentile

    District Context — TR18

    TR18 covers the Penzance area and surrounding neighbourhoods in west Cornwall, positioned at the southwestern tip of England. It is a coastal region with a mixed character of residential communities, tourism-related activity, and traditional employment sectors.

    Average Property Price - TR18

    £294,280

    41

    National percentile

    Average Net Household Income - TR18

    £30,355

    8

    National percentile

    10-Year Annualised Price Growth - TR18

    3.7%

    54

    National percentile

    10-Year Annualised Rent Growth - TR

    3.9%

    50

    National percentile

    View full analysis for TR18

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