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Cape Cornwall Street, Penzance TR19 - Image 1
Cape Cornwall Street, Penzance TR19 - Image 2
Cape Cornwall Street, Penzance TR19 - Image 3
Cape Cornwall Street, Penzance TR19 - Image 4
Cape Cornwall Street, Penzance TR19 - Image 5

Cape Cornwall Street, Penzance TR19

South West

£70,000
Listed on 10/10/2024

Property Details

Bedrooms
1
Type
Detached house

Description

This granite-built garage, featuring double timber doors, presents a compelling opportunity for renovation and investment. With planning permission already secured for its demolition and the construction of a one-bedroom dwelling, this property is primed for transformation into a modern home in the heart of St Just. The approved plans outline an efficient layout including a bedroom, study, and an upstairs shower room. The design also incorporates an open-plan living area that seamlessly connects to the kitchen, along with a convenient downstairs WC. Additionally, the property offers the potential for outdoor space at the rear, enhancing its appeal as a comfortable residence. Situated in St Just, this location benefits from a vibrant community atmosphere and an eclectic mix of local shops and businesses. The town is known for its distinctive granite cottages that reflect its rich tin-mining heritage. Essential amenities are well within reach, including two butchers, four pubs, traditional grocers, and convenience stores. Furthermore, art galleries and popular dining spots contribute to the town's charm, while stunning coastal walks are just moments away. St Just is served by both primary and secondary schools that have received favorable ratings from Ofsted, making it an attractive area for families. Penzance is located approximately eight miles away, providing easy access to a wider array of services and amenities. For more information on the planning details related to this property, you can refer to Cornwall Council's website using reference: PA24/00235. This project not only offers the chance to create a new home but also represents a solid investment opportunity in a highly sought-after locale.

Investment Analysis

(TR19 area)
Area Average
£379/sq ft
Avg Rent (weekly)
£289
Avg Yield
4.0%

Renovation Potential

Est. Renovation Cost
£7,000 - £17,500
10-25% of property value
Monthly Sales
7
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TR19)

Area prices are rising by +5.7% over the last 12 months
3 year growth: 20.0%
5 year growth: 42.3%
Investment Disclaimer: Analysis based on TR19 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Cape Cornwall Street, Penzance TR19
Map showing location of Cape Cornwall Street, Penzance TR19
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