1/15
Retirement
£170,000
Flat · 1 bed · 1 bath · 520 sq ft
New Town Lane, Penzance, TR18
Leasehold
Added on 30/09/2026 
1/18
1/18
2 bed flat for sale New Town Lane, Penzance, TR18
Asking price
£345,000
Reduced on 13/10/2026
Reduced on 13/10/2026
Retirement home
- Type
- Flat
- Bedrooms
- 2
- Bathrooms
- 1
- Size
- £428 per sq ft
- Tenure
- Leasehold
- 116 years left(from the agent's description)
Service charge £5,281 a year(from the agent's description)Ground rent £887 a year(from the agent's description) Council tax Band C £2,303 a year
* From the agent's description. Check it with them before you rely on it.
Key features
- Two bedroom third floor apartment with balcony and sea views
- Fully fitted kitchen with integrated appliances
- Lodge Manager available 5 days a week
- 24 hour Careline system for safety and security
- Owners’ private car park
- Great location close to the town centre & excellent transport links
- Lift to all floors
- Landscaped grounds
- A Guest Suite is available for your friends and family to stay in. In addition, you are entitled to use of the Guest Suites at all Churchill Living developments across the country
About this property
Mounts Bay Lodge is a striking development of 51 one and two-bedroom apartments found in the historic town and port of Penzance. These beautiful apartments benefit from the most sought after views of the harbour, far reaching towards St Michael’s Mount.
Mounts Bay Lodge is ideally located for the town centre and has easy access to many local amenities. It is just a short walk to Market Jew Street and Alverton Road, which boast a wide selection of independent stores, including a butchers, bakers, delicatessen and fishmongers, all providing locally sourced food. Penzance holds a Country Market every Thursday and a Farmers' Market each Friday, with stalls offering fresh produce, crafts, flowers and plants.
Floorplan
Council tax
Band C £2,303 a year
Per year
- Band A£1,727
- Band B£2,015
- Band CThis home: £2,303
- Band D£2,591
- Band E£3,167
- Band F£3,742
- Band G£4,318
- Band H£5,182
This home is in band C, which costs £2,303 a year in Cornwall for 2026/27.
Figures from MHCLG (Open Government Licence v3): the average bill for each band across Cornwall, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone. Check a home's band on GOV.UK.
Price guide
This home
£428 / sq ft
Area average (sold)
£309 / sq ft
Price per area, sold homes nearby
£192 / sq ft
£428 / sq ft
£434 / sq ft
Lowest
This home
Highest
£428 per sq ft, above the middle of recent sales in TR18 (£192–£434, 10th–90th percentile, 489 sales over 24 months).
Lowest and highest are the 10th and 90th percentiles of 489 homes sold in TR18 over the last 24 months. This home's figure uses its asking price. All sold £/sq ft in TR18 →
Location
New Town Lane, Penzance, TR18
Mortgage and stamp duty
Property price £345,000
£172k £518k
Deposit10% £35,000
£0 £345k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years
A £310,000 mortgage. Most lenders would want a household income of about £69,000 to support it.
A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.
Properties sold nearby
HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.
| Address | Type | Sold | Size | Size | £/sq ft | Price |
|---|---|---|---|---|---|---|
| 7, Mount'S Bay Lodge, New Town Lane Flat / maisonette | Flat / maisonette | Jul 2026 | 506 sq ft £524/sq ft | 506 sq ft | £524 | £265,000 |
| 3, Mount'S Bay Lodge, New Town Lane Flat / maisonette | Flat / maisonette | Mar 2026 | 560 sq ft £375/sq ft | 560 sq ft | £375 | £210,000 |
| 25, Mount'S Bay Lodge, New Town Lane Flat / maisonette | Flat / maisonette | Jul 2025 | 517 sq ft £571/sq ft | 517 sq ft | £571 | £295,000 |
| 42, Mount'S Bay Lodge, New Town Lane Flat / maisonette | Flat / maisonette | May 2025 | 710 sq ft £366/sq ft | 710 sq ft | £366 | £260,000 |
| 37, Mount'S Bay Lodge, New Town Lane Flat / maisonette | Flat / maisonette | Mar 2025 | 775 sq ft £619/sq ft | 775 sq ft | £619 | £480,000 |
| 32, Mount'S Bay Lodge, New Town Lane Flat / maisonette | Flat / maisonette | Mar 2025 | 570 sq ft £491/sq ft | 570 sq ft | £491 | £280,000 |
| 18, Mount'S Bay Lodge, New Town Lane Flat / maisonette | Flat / maisonette | Mar 2025 | 570 sq ft £491/sq ft | 570 sq ft | £491 | £280,000 |
| 49, Mount'S Bay Lodge, New Town Lane Flat / maisonette | Flat / maisonette | Feb 2025 | 560 sq ft £527/sq ft | 560 sq ft | £527 | £295,000 |
Area insights
The neighbourhood around this property.
Marketed by
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