Worst House on the Street Logo
Trewarveneth Farm, Penzance TR18 - Image 1
Trewarveneth Farm, Penzance TR18 - Image 2
Trewarveneth Farm, Penzance TR18 - Image 3
Trewarveneth Farm, Penzance TR18 - Image 4
Trewarveneth Farm, Penzance TR18 - Image 5

Trewarveneth Farm, Penzance TR18

South West

£295,000
Listed on 18/01/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1162 sqft

Description

This semi-detached property, nestled in a picturesque rural setting, presents a remarkable opportunity for renovation and investment. With three bedrooms and a generous south-facing garden, the space has significant potential for transformation. The property comes with off-street parking and is offered for sale with no onward chain, making it an appealing prospect for those looking to create their dream home or capitalize on the rental market. Located in the increasingly popular village of Newlyn, known for its vibrant community and year-round offerings such as independent cinemas, specialty food shops, and charming pubs, this home is just two miles from Penzance, ensuring access to broader amenities and transport links. Additionally, the nearby village of Paul adds to the tranquil charm of the area with its historical sites and local services.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -19.7% below area average per sq ft

-19.7%
Potential saving
This Property
£254/sq ft
Area Average
£316/sq ft
Avg Rent (weekly)
£220
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£404,039
10% above area average per sq ft
Potential ROI
+2.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (TR18)

Area prices are falling by +4.4% over the last 12 months
3 year growth: -4.6%
5 year growth: 17.4%
Investment Disclaimer: Analysis based on TR18 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

Trewarveneth Farm, Penzance TR18
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,081
Based on a loan of £221,250 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.

Next Steps

Explore services to help you with this property purchase.

Need a survey for this property?

Book a professional assessment to identify potential issues and property condition

RICS qualified surveyors

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

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