Mounts Bay Lodge, New Town Lane, Penzance, TR18
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Mounts Bay Lodge, New Town Lane, Penzance, TR18

By Stacey Mann Estates

£ 309,000

Reviews

2 out of 5 stars

Stacey Mann Estates says ..

An immaculate 2-bedroom contemporary apartment situated within a group of residences exclusively for over 60's on the third floor. There is a lift in the building to street level and then Wharfside Shopping Village has a lift direct to Market Jew Street. Lease details: 125 Year l...

Property Oracle says ..

This is a two-bedroom, one-bathroom apartment located in Mounts Bay Lodge, Penzance, Cornwall. The apartment is part of a retirement residence, catering exclusively for those over 60. From the photographs, the property presents a modern and well-maintained interior, featuring a contemporary kitchen and bathroom. The living spaces appear bright and spacious, though the limited photos only reveal a portion of the apartment’s total space. The location is advantageous, situated close to Penzance’s promenade, train station, and multiple schools, all within reasonable walking distance. The building itself also provides access to communal facilities, enhancing its appeal to the target demographic. The absence of a garden or private outdoor space is a notable limitation. While the property is within the average price range for similar properties in the area, a precise assessment of the value-for-money is difficult without further information regarding the square footage and specifics of lease terms. Given the targeted over-60s market, the communal facilities and its location close to amenities would likely be significant selling points. Potential buyers should carefully consider the implications of the over-60s restriction and the property’s lack of outdoor space.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
8
Location
7
Land
1
Bedrooms
2
Bathrooms
1
Sqft (est)
828.82

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 %
from 413,363.00 £
Est sale value
252,790.10 £
Increased by 0.66 %
from 251,132.46 £
Average area rental value
1,550.00 £/mo
Increased by 31.91 %
from 1,175.00 £/mo
Est letting value
828.82 £/mo
from 0.00 £/mo
Est rental Yield
4.89 %
Increased by 43.40 %
from 3.41 %
Crime Rate
32.00 %
Unchanged by 0.00 %
from 32.00 %

Agent Activity

  • Stacey Mann Estates created the listing.

Nearby Schools

NameTypeOfstedDistance
St Mary'S Catholic School, PenzanceAcademy ConverterGood0.81 KM
St Mary'S Cofe Primary School, PenzanceVoluntary Aided SchoolGood0.92 KM
West Penwith Children'S CentreChildren's Centre0.93 KM
Penwith Alternative Provision AcademyAcademy Alternative Provision ConverterOutstanding0.94 KM
Humphry Davy SchoolFoundation SchoolGood1.00 KM

Images

Picture No. 01 Picture No. 02 Picture No. 03 Picture No. 04 Picture No. 05 Picture No. 06 Picture No. 07 Picture No. 08 Picture No. 09 Picture No. 10 Picture No. 11 Picture No. 12 Picture No. 13 Picture No. 14 Picture No. 19 Picture No. 18 Picture No. 15

Nearby Streets

NameAverage PriceAverage SqftDistance
Wharf Road £ 348,23800.00 KM
Wood Street £ 165,00000.00 KM
The Arcade £ 000.00 KM
Abbey Street £ 1,197,50000.00 KM
Under Chapel Yard £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Penzance3526PNZ0.25 KM

Nearby Listings

AddressPriceTypeScoreDistance
Mounts Bay Lodge, Penzance, TR18 £ 420,000BUY6 / 100.01 KM
Mounts Bay Lodge, Penzance, TR18 £ 279,000BUY7 / 100.01 KM
Mounts Bay Lodge, New Town Lane, Penzance, TR18 £ 275,000BUY6 / 100.01 KM
New Town Lane, Penzance, Cornwall, TR18 £ 230,000BUY6 / 100.01 KM
New Town Lane, Penzance TR18 £ 290,000BUY6 / 100.02 KM

Nearby Properties

AddressPriceDistance
42 Market Jew Street £ 120,0000.17 KM
70 Market Jew Street £ 38,0000.18 KM
58 Adelaide Street £ 272,5000.18 KM
Cornwall Cottage £ 60,0000.22 KM
8 Leskinnick Place £ 116,0000.22 KM