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Adit Lane, Newlyn, Penzance, TR18 - Image 1
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Adit Lane, Newlyn, Penzance, TR18

South West

£750,000
Listed on 28/12/2025

Property Details

Bedrooms
5
Type
Detached house
Area
4867 sqft

Description

This expansive property presents an exciting opportunity for renovation and development, boasting 2540 square feet of versatile living space nestled within generous grounds. With captivating sea views stretching from Newlyn to St. Michael's Mount, this detached home is available with no onward chain, making it ideal for those looking to invest or enhance its potential further. Set across three floors, the middle level is ripe for modernization, while the lower ground floor offers considerable scope to create additional living areas or hobby spaces. The established gardens add charm but could benefit from a fresh design perspective. Conveniently located just a mile from Penzance, all essential amenities are within easy reach, with Newlyn itself offering a delightful mix of restaurants and local shops. The home's layout includes multiple bedrooms, bathrooms, and communal areas that can be reconfigured to suit modern lifestyles. This property is not just a home; it's a canvas waiting for your vision to come to life.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -51.2% below area average per sq ft

-51.2%
Potential saving
This Property
£154/sq ft
Area Average
£316/sq ft
Avg Rent (weekly)
£220
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£70,000 - £100,000
Target Value
£1,692,305
10% above area average per sq ft
Potential ROI
+99.1%
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

Adit Lane, Newlyn, Penzance, TR18
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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
£2,747
Based on a loan of £562,500 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

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