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

Albert Terrace, Penzance TR18

South West

£480,000
Listed on 29/05/2025

Property Details

Bedrooms
5
Type
Semi-detached house
Area
2421 sqft

Description

This spacious end-of-terrace property features five to six bedrooms and showcases original architectural elements such as stained glass windows, intricate ornamental carvings, and classic cornicing. The layout provides substantial living space, making it an ideal canvas for those looking to enhance its character while also accommodating modern living requirements. The enclosed garden offers a private outdoor area, perfect for potential landscaping or gardening projects, while off-street parking for two vehicles adds convenience in this sought-after location. While the home requires updating, the opportunity to renovate allows you to tailor it to your personal taste and maximize its value. Set within the vibrant market town of Penzance, this property benefits from proximity to a variety of amenities including schools, healthcare services, banks, shops, and dining options. The renowned Jubilee Pool and scenic Morrab Gardens are just a short walk away. With the charming fishing village of Newlyn approximately one mile away and picturesque destinations like Marazion, Sennen, Porthcurno, and St. Ives just a short drive from your doorstep, this location combines community living with access to some of Cornwall's most stunning coastal scenery. Given its size, location, and renovation potential, this property presents an appealing investment opportunity for those looking to capitalize on the thriving rental market or create their dream home in a desirable area with rich cultural offerings. The sale of the property is available without onward chain complications.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -37.3% below area average per sq ft

-37.3%
Potential saving
This Property
£198/sq ft
Area Average
£316/sq ft
Avg Rent (weekly)
£220
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£841,806
10% above area average per sq ft
Potential ROI
+47.7%
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

Albert Terrace, 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
£1,758
Based on a loan of £360,000 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.

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