3 Pennance Lane, Lanner, Redruth, TR16 5TW is a freehold detached property built between 1976-1982. The property offers approximately 861 square feet of living space. In this location, properties of similar size usually have three bedrooms.

The estimated current market value of the property is £257,991 , which equates to approximately £300 per square foot. It was last sold on 9 Jun 2015 for £177,000. Since then, the value has increased by £80,991, representing a 45.8% increase, or approximately 4.3% per year.

The current estimated value of £257,991 is:

  • 26.8% lower than the average property price on Pennance Lane
  • 28.1% lower than the average in the TR16 5TW postcode area
  • and 6.4% higher than the average price for Redruth as a whole

Based on EPC inspection history, this property has been mostly owner-occupied (3 out of 3 inspections). This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 8 April 2022, the property was recorded as owner-occupied.

View sold house prices in TR16 5TW

Building approximate location

About Property

Type
Detached Bungalow
Built
1976-1982
Interior Size
861 sq ft
Tenure
Freehold
Price (estimate)
£257,991
Price Per sq ft (estimate)
£300
Bedroom Count (estimate)
3 bedrooms

EPC Summary

3 Pennance Lane, Lanner, Redruth, Cornwall, TR16 5TW has an Energy Performance Certificate (EPC) rating of E, based on the latest assessment carried out on 8 Apr 2022.

This property uses an oil-fired boiler with radiators as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 31 Oct 2014, when the property was rated G. Since then, the rating has improved to E, with the energy efficiency score increasing by 5100%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from room heaters, electric to boiler and radiators, oil, improving energy efficiency from very poor to average.
  • The hot water system was changed from electric immersion, standard tariff to from main system, with its energy efficiency improving from very poor to poor.
  • The roof construction or insulation changed from pitched, 250 mm loft insulation to pitched, 100 mm loft insulation, changing energy efficiency from good to average.
  • The wall construction or insulation changed from cavity wall, as built, no insulation (assumed) to cavity wall, as built, partial insulation (assumed), improving energy efficiency from poor to average.
  • The lighting was updated from low energy lighting in 62% of fixed outlets to low energy lighting in all fixed outlets, with efficiency improving from good to very good.
Heating Type
Boiler and radiators, oil
Average
Hot Water
From main system
Poor
Roof
Pitched, 100 mm loft insulation
Average
Walls
Cavity wall, as built, partial insulation (assumed)
Average
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to TR16 5TW

12 th / 15
Price Rank
28% lower than average
5 th / 6
Size Rank
21% smaller than average
4 th / 6
Price Per Sq FT Rank
9% lower than average

Compared to other properties in TR16 5TW , this bungalow's estimated value ranks 12th out of 15. Based on price per square foot, it ranks 4th out of 6 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 5th out of 6 properties in its postcode area.

Sale History

Today
£257,991
streetscan.co.uk estimate
+46 %
9 Jun 2015
£177,000
Leasehold
+2.6 %
29 Aug 2014
£172,500
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 5
size: 764 sq ft
sale price: £165,500
sale date: 31 Mar 2014
rooms: 5
size: 926 sq ft
sale price: £119,500
sale date: 4 Jul 2001
rooms: 4
size: 883 sq ft
sale price: £485,000
sale date: 29 Jul 2022

Data Sources

The property at 3 Pennance Lane, Lanner, Redruth, TR16 5TW appears two times in the Land Registry records, with the latest transaction recorded on 9 Jun 2015. It also has three Energy Performance Certificates (EPC) entries, the earliest dating back to 8 Apr 2022. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.