Alverne Buildings, Penzance, Cornwall, TR18
By Stacey Mann Estates
£ 220,000
Reviews
3 out of 5 stars
Stacey Mann Estates says ..
On the market for the first time in over 15 years, this great terraced property would make a fantastic first time buy or investment buy to let. There are two bedrooms with rear courtyard and upstairs shower room. Alverne Buildings is a small terrace of houses on the fringe of Penzanc...
Property Oracle says ..
The property is located in Alverne Buildings, Penzance, Cornwall. It’s a terraced house with two bedrooms and one bathroom, spanning 1,663 square feet on a 731.70 square foot plot. The list price is £220,000.
The property appears to be in reasonably good condition, although some updating might enhance its appeal. The interior shows a consistent style, though some areas could benefit from modernisation. The kitchen and bathroom appear functional but dated. The property benefits from a small, manageable rear garden.
Considering the average house price in the area is significantly higher (£468,178), and the average price per square foot is £235, the asking price of £220,000 for this property seems relatively low. However, this needs to be considered in the context of the property’s condition and size. Nearby comparable properties show a range of prices, with some significantly higher and some lower than the listed price. The lack of sqft data for comparable properties makes a precise comparison difficult. The property’s location near good schools and transportation links is a positive factor. The small garden adds value, although its size is modest.
Based on the provided information and images, the property is a reasonably priced, well-located terraced house in Penzance, requiring some modernisation to reach its full potential. The small garden is a valuable asset in this location.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 7
- Location
- 8
- Land
- 4
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft (est)
- 1,663.00
- Lot (est)
- 731.70
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 380,500.00 £Decreased by 7.95 %
- Est sale value
- 507,215.00 £Increased by 0.66 %
- Average area rental value
- 1,550.00 £/moIncreased by 31.91 %
- Est letting value
- 1,663.00 £/mo
- Est rental Yield
- 4.89 %Increased by 43.40 %
- Crime Rate
- 13.00 %Unchanged by 0.00 %
Agent Activity
Stacey Mann Estates created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| St Mary'S Cofe Primary School, Penzance | Voluntary Aided School | Good | 0.69 KM |
| Humphry Davy School | Foundation School | Good | 0.71 KM |
| Pensans Community Primary School | Academy Converter | Good | 0.72 KM |
| Alverton Primary School | Academy Converter | Good | 0.76 KM |
| Nancealverne School | Academy Special Converter | Good | 0.86 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| King's Road | £ 0 | 0 | 0.00 KM |
| Clements Road | £ 615,000 | 0 | 0.00 KM |
| Wellington Place | £ 387,917 | 0 | 0.00 KM |
| Hawkins Road | £ 0 | 0 | 0.00 KM |
| Windsor Terrace | £ 200,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Penzance | 3526 | PNZ | 1.22 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Alverne Buildings, Penzance, Cornwall | £ 210,000 | BUY | Unknown | 0.00 KM |
| Alverne Buildings, Penzance, Cornwall | £ 190,000 | BUY | 5 / 10 | 0.01 KM |
| Penalverne Place, Penzance, Cornwall, TR18 | £ 290,000 | BUY | 6 / 10 | 0.07 KM |
| Chycelin, Alverton Terrace, Penzance, TR18 4JH | £ 275,000 | BUY | 7 / 10 | 0.14 KM |
| 10 Alverton Terrace, Penzance, TR18 | £ 167,500 | BUY | 6 / 10 | 0.15 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 5 Alverne Buildings | £ 155,500 | 0.02 KM |
| 17 Alverne Buildings | £ 235,000 | 0.02 KM |
| 12 Alverne Buildings | £ 125,000 | 0.02 KM |
| 3 Alverne Buildings | £ 225,000 | 0.02 KM |
| 7 Alverne Buildings | £ 110,000 | 0.02 KM |