Melvia Cottage Jack Lane

    MELVIA COTTAGE, JACK LANE, NEWLYN, PENZANCE, TR18 5HZ

    This terraced freehold property on Jack Lane last sold in March 2016 for £171,000. Based on price growth in the TR18 district since then, its estimated current value is £259,260 — placing it in the 40th percentile nationally and the 46th percentile within TR18. The property covers 44 m² (474 sq ft), giving an estimated value of £5,892 per m². The EPC rating is G, with a potential rating of B.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    474 sq ft

    44 m²

    Last Sale Price

    £171,000

    Mar 2016

    Estimated Valuation

    £259,260

    Est. £/sq ft

    £547/sq ft

    £5,892/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: before 1900
    Habitable rooms4
    Main fuelTo be used only when there is no heating/hot-water system
    EPC currentG
    EPC potentialB
    Floor area474 sq ft (44 m²)
    EPC dateMay 2012
    WallsGranite or whinstone, as built, no insulation (assumed)
    HeatingNo system present: electric heaters assumed

    Transaction History

    18 Mar 2016

    £171,000

    Key Metrics

    Estimated valuation£259,260
    Value per sq ft / m²£547/sq ft (£5,892/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    TR18 district percentile46th percentile
    National percentile40th 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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