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Tregassack Road, Ludgvan, Penzance, Cornwall, TR20 - Image 1
Tregassack Road, Ludgvan, Penzance, Cornwall, TR20 - Image 2
Tregassack Road, Ludgvan, Penzance, Cornwall, TR20 - Image 3
Tregassack Road, Ludgvan, Penzance, Cornwall, TR20 - Image 4
Tregassack Road, Ludgvan, Penzance, Cornwall, TR20 - Image 5

Tregassack Road, Ludgvan, Penzance, Cornwall, TR20

South West

£600,000
Listed on 14/09/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1394 sqft

Description

Nestled within approximately 3.18 acres of elevated land, this property presents a unique renovation opportunity with breathtaking views over St Michaels Mount and Mounts Bay. The quirky cottage features an unusual internal layout that reflects gothic influences, characterised by flowing room transitions and a solitary bathroom door on the upper floor. Upon entering, you'll find a semi-circular welcoming space with multiple windows and built-in storage, leading to a kitchen/dining area adorned with vibrant ceiling designs, herringbone parquet flooring, and a traditional Aga oven. A stable door opens to an outdoor terrace perfect for al fresco dining. The adjacent reception room boasts wooden flooring and a beamed ceiling, providing a cozy atmosphere. Ascending the stairs reveals two further bedrooms that mirror the downstairs layout, both offering scenic views and unique architectural features such as vaulted ceilings with exposed beams. The adjoining barn stands in need of significant repair but offers substantial potential for conversion into additional living spaces or creative uses, featuring a grand inglenook fireplace at one end. Set against the backdrop of established trees and sloping land down to a stream, the exterior provides ample garden space with gothic-inspired landscaping elements, along with various outbuildings including storage facilities and utility rooms. This property is equipped with essential services like private water supply and drainage. For those willing to invest time and resources into renovations, this property not only offers extensive renovation potential but also access to local amenities in Penzance—an area praised for its rich culture, beautiful beaches, and vibrant community attractions.

Investment Analysis

(TR20 area)

Above Market Value

This property is priced +21.8% above area average per sq ft

+21.8%
This Property
£430/sq ft
Area Average
£353/sq ft
Avg Rent (weekly)
£287
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£541,750
10% above area average per sq ft
Potential ROI
-24.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (TR20)

Area prices are rising by +2.6% over the last 12 months
3 year growth: -5.8%
5 year growth: 16.4%
Investment Disclaimer: Analysis based on TR20 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Tregassack Road, Ludgvan, Penzance, Cornwall, TR20
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,198
Based on a loan of £450,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE