Stacey Mann Estates says ..

Property Oracle says ..

Location: Morrab Place is situated in Penzance, Cornwall, a popular coastal town in the South West of England. The property’s proximity to Penzance train station (0.82km) offers convenient transport links. Several well-regarded schools are within a reasonable distance, including St Mary’s Cofe Primary School (0.34km) and Humphry Davy School (0.96km), both rated ‘Good’ by Ofsted. This makes the location attractive to families. The Penzance Promenade is also nearby, suggesting access to coastal amenities. While the provided data doesn’t offer detailed insights into local shops and other amenities, the overall location appears desirable, especially for those seeking a coastal lifestyle with good transport and schooling options.

Condition: Based on the provided images, the property appears to be in good condition. The interior shows a recently renovated kitchen and bathrooms, with modern fixtures and finishes. While some rooms retain traditional features, the overall impression is of a well-maintained and updated home. There is no visible evidence of significant repair or renovation needs.

Land: The property includes a garden, as evidenced by the external photos. The size of the plot is 2,080.90 sqft, which is a reasonable size for a terraced property in this location, offering some outdoor space.

Price: The list price is £630,000. The average price for properties in the area is £468,178, and the average price per square foot is £235. While the property is larger than the average (1,844.90 sqft vs 1,992 sqft), the list price is significantly higher than the average. Nearby comparable properties show a range of prices, with some exceeding the list price and others considerably lower. Without detailed information on the specific features and condition of comparable properties, it’s difficult to definitively assess the value. However, given the higher-than-average list price in comparison to the average price per sqft, further investigation into the property’s unique selling points (USP’s) would be necessary to fully justify the asking price. The presence of a garden and its location near the promenade might contribute to a higher price, but a detailed comparison with similar properties is needed for a conclusive assessment.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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