0 bed Land (for sale) Jennings Street, Penzance, Cornwall TR18

£900,000
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LSL Land South West
Talbot House, 83 High Street, Winchester,
01752 942020
First Published

1st Oct 2020

Last Published

12th Oct 2020

 

Features

  • Type: Land
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

Outline Planning Permission for 38 apartments in a prime town centre location. The land has an existing commercial building that will require demolition with vacant possession being available and has an outline planning approval for 38 apartments in a 3 storey development.

Penzance is the most westerly town in Cornwall and is bordered to the west by the fishing port of Newlyn. The town is steeped in history and has in the past been a major port bringing wealth and riches to the town. Today the town still retains many of the historic buildings, none less than Chapel Street which is close by which has an eclectic mix of architectural delights on a street which links the harbour to the town centre. Penzance has an attractive promenade and a main line railway station to London Paddington.

Planning
The site has an outline planning approval for 38 apartments with some matters reserved (appearance and landscaping) PA18/09368 with a conditional approval being granted on 3rd June 2020.

Method of Sale
The owners are seeking unconditional proposals for the site.

Viewing
Please contact us for further information as on site viewings will be strictly by appointment only.

Agents Note.
The site has been included in the Penzance Town Centre Spatial Strategy Report 2018 and has been subject to a larger urban regeneration project along with some adjoining landowners known as Market Jew Backlands. This scheme shows the aspiration to create a through street with potential for a mixed urban housing scheme in an attractive setting.



Important Note to Purchasers:

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

NHO200882/3

Description

This prime town centre residential development is located in a backwater behind Penzance town centre and just above the impressive harbour setting. The land has an existing commercial building that will require demolition with vacant possession being available. The site has an outline planning approval for 38 apartments in a 3 storey development with some matters reserved (appearance and landscaping) PA18/09368 refers. A conditional approval was granted on 3rd June 2020 and the owners are seeking unconditional proposals for the site at this time.

Location

Penzance is the most westerly town in Cornwall and is bordered to the west by the fishing port of Newlyn. The town is steeped in history and has in the past been a major port bringing wealth and riches to the town. Today the town still retains many of the historic buildings, none less than Chapel Street which is close by which has an eclectic mix of architectural delights on a street which links the harbour to the town centre. Penzance has an attractive promenade and a main line railway station to London Paddington.

Agents Note

The site has been included in the Penzance Town Centre Spatial Strategy Report 2018 and has been subject to a larger urban regeneration project along with some adjoining landowners known as Market Jew Backlands. This scheme shows the aspiration to create a through street with potential for a mixed urban housing scheme in an attractive setting.

Method Of Sale

The vendors are seeking unconditional offers for the site for an immediate sale.

Viewing

Please contact us for further information for site viewings which, will be strictly by appointment only.

 

Local info for TR18

Floor plan

 

Property Value Data/Graphs for TR18

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 24% £174,714 1.7 1
Terraced house 23.5% £233,317 3 1.2
End terrace house 14.3% £286,580 3.4 1.4
Semi-detached house 9.7% £279,208 3.1 1.2
Detached house 9.2% £507,492 4.2 1.2
Detached bungalow 4.1% £303,125 2.9 1.3
Other 3.6% £315,714 2.7 1
Land 2% £126,250 0 0
Bungalow 1.5% £251,667 2.3 1
Cottage 1.5% £184,998 2 1.3
Mobile/park home 1.5% £131,650 1.7 1.7
Studio 1% £129,975 0 0.5
Semi-detached bungalow 1% £260,000 2.5 0.5
Maisonette 0.5% £155,000 2 1
Barn conversion 0.5% £115,000 0 0
Parking/garage 0.5% £20,000 0 0
Farmhouse 0.5% £475,000 5 3
Town house 0.5% £459,950 4 2
Terraced bungalow 0.5% £125,000 1 1

Area Information

Average Price Paid

£222,725

Sales

2161

Current Average Value

£257,056

Value Change

£34,331 15.4%

 

Current Asking Prices in TR18 Average: £257,056

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £103,625 (4) £192,266 (37) £260,962 (53) £404,894 (26) £522,850 (7)
Flats £131,844 (17) £200,008 (30) £124,950 (1) - -
All £126,469 (21) £195,733 (67) £258,443 (54) £404,894 (26) £516,869 (8)

Nearby Properties

4 bed Detached house () Carbis Bay / St. Ives Area TR26 £2,000,000
4 bed End terrace house () Trelyon Avenue, St. Ives TR26 £2,000,000
7 bed Detached house () Leys Lane, Marazion TR17 £1,850,000
7 bed Detached house () Fore Street, Marazion TR17 £1,850,000
7 bed () Sancreed, Penzance, Cornwall TR20 £1,650,000
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