51 Mount'S Bay Lodge New Town Lane

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

    This flat/maisonette leasehold property on New Town Lane last sold in January 2023 for £486,000. Based on price growth in the TR18 district since then, its estimated current value is £419,954 — placing it in the 70th percentile nationally and the 83rd percentile within TR18. The property covers 92 m² (990 sq ft), giving an estimated value of £4,565 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    990 sq ft

    92 m²

    Last Sale Price

    £486,000

    Jan 2023

    Estimated Valuation

    £419,954

    Est. £/sq ft

    £424/sq ft

    £4,565/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formDetached
    Construction age2015
    Habitable roomsNot available
    Main fuelNot available
    EPC currentC
    EPC potentialC
    Floor area990 sq ft (92 m²)
    EPC dateAug 2017
    WallsAverage thermal transmittance 0.27 W/m²K
    HeatingCommunity scheme

    Transaction History

    31 Jan 2023

    £486,000

    11 Aug 2017

    New build

    £413,450

    Key Metrics

    Estimated valuation£419,954
    Value per sq ft / m²£424/sq ft (£4,565/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    TR18 district percentile83rd percentile
    National percentile70th 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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