Penrose Road, Falmouth, TR11

Street Guide For Penrose Road, Falmouth, TR11

 

Penrose Road, Falmouth, TR11 Map

Estimated Price: £224,563
Average Asking Price: £395,263
Price change in last one year: £11,870
Average Price Paid: £220,500
Average Rent Rates: £1,252

 

Property Prices Breakdown in Penrose Road, Falmouth, TR11

Average Price for property in Penrose Road, Falmouth, TR11 is around £224,563 which varies based on type of property you are interested in and ranges from £233,161 for semi-detached to around £205,934 for terraced house. Values have been changing and have risen £1,809 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,953 in last 6 months, £11,870 in last 1 year, £17,208 in last 2 years, £18,587 in last 3 years, £11,866 in last 4 years and £19,071 in last 5 years.

Currently average asking price of a property in Penrose Road, Falmouth, TR11 is around £395,263 based on approximately 1 properties for sale. Same is the case with rental options based on 112 properties up for rent, average asking rent is around £1,252 per month.

Estimated property value in Penrose Road, Falmouth, TR11 is £224,563. Average asking price is £395,263 while average price paid is £250,000 which is up by £11,870 and Avg. asking rent £1,252.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Penrose Road, Falmouth, TR11 area. In last 1 year alone average price buyer paid is around £250,000 based on approximately 1 sales in Penrose Road, Falmouth, TR11 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £229,800. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £220,500 for 8 and average amount paid for purchase of approx. 12 properties sold in last 7 years comes to about £215,937 per sale.

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £105,000, £207,566 for a 2 bedroom house, £317,692 for a 3 bedroom house, £489,684 for a 4 bedroom house and £1,072,500 for a 5 bedroom house. For a flat similarly the prices varies from £138,734 for a single bedroom to £221,795 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £331,177, £512,500 for a 4 bedroom flat and £522,500 for a 5 bedroom flat. To sum up the asking prices for properties in Penrose Road, Falmouth, TR11 it comes to around average £129,534 for 1 bedroom property, £213,539 for 2 bedroom, £318,982 for 3 bedroom, £490,444 for 4 bedroom and £1,022,500 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £514 for 1 bedroom to £704 for 2 bedrooms, £882 for 3 bedrooms, £1,418 for 4 bedrooms and £1,785 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £523. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £760, £1,080 for 3 bedroom, £1,407 for 4 bedroom and around £1,872 for 5 bedroom flat. You should be generally be expecting around average £517 rent per month for single bedroom property, £744 for 2 bedroom, £1,005 for 3 bedroom, £1,416 for 4 bedroom and approximately £1,791 for a 5 bedroom property in Penrose Road, Falmouth, TR11 area.

Popular Houses in Penrose Road, Falmouth, TR11

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around Penrose Road, Falmouth, TR11