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Lescudjack Crescent, Penzance TR18

South West

£595,000
Listed on 15/08/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1194 sqft

Description

This detached bungalow, perched in an elevated position, offers striking views of Mounts Bay and presents a compelling opportunity for renovation. While the property is in need of modernization, it comprises three bedrooms, two reception rooms, and two bathrooms, providing a solid foundation for potential improvements and personal touches. The interior features include bi-fold doors that lead to a decked balcony area, perfect for enjoying the scenic surroundings. The private gardens both at the front and back provide ample outdoor space for landscaping or expansion, complemented by a garage and workshop that add functional value. A versatile mezzanine area enhances storage options or could be reimagined to suit individual needs. Located within walking distance to local amenities such as schools, pubs, and public transportation links, this bungalow is ideally situated for convenience. The historic market town of Penzance is just moments away, offering a range of services including shops, restaurants, and recreational areas like the famous Jubilee Pool and Morrab Gardens. Additionally, the neighboring town of Newlyn is approximately one mile from the property, while Marazion is only three miles away. Popular destinations like Sennen Cove, Porthcurno, and St Ives are also within easy reach. With its desirable location and potential for upgrades, this property invites investors or homeowners looking to create their ideal living space in a flourishing coastal community.

Investment Analysis

(TR18 area)

Above Market Value

This property is priced +56.3% above area average per sq ft

+56.3%
This Property
£498/sq ft
Area Average
£319/sq ft
Avg Rent (weekly)
£237
Avg Yield
4.1%

Renovation Potential

Est. Renovation Cost
£59,500 - £148,750
10-25% of property value
Target Value
£418,646
10% above area average per sq ft
Potential ROI
-43.7%
After renovation
Monthly Sales
12
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TR18)

Area prices are rising by +6.2% over the last 12 months
3 year growth: 3.5%
5 year growth: 26.5%
Investment Disclaimer: Analysis based on TR18 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

Lescudjack Crescent, Penzance TR18
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