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Tregassack Road, Ludgvan, Penzance, Cornwall, TR20 - Image 1
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Tregassack Road, Ludgvan, Penzance, Cornwall, TR20

South West

£600,000
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1394 sqft

Description

Nestled within approximately 3.18 acres of verdant land, this property presents an intriguing renovation opportunity in an elevated position that offers breathtaking views of St. Michael’s Mount and Mounts Bay. The existing cottage features a distinctive internal layout and character, showcasing a gothic-inspired design that invites creative reimagining. The cottage's entrance leads into a unique semi-circular room filled with natural light from three windows, highlighting built-in cabinetry and a functional tiled work surface. An archway transitions into the kitchen/dining area, where vibrant ceiling details complement the herringbone parquet flooring. This space is equipped with a classic Aga and provides access to outdoor terraces through a stable door, making it perfect for entertaining while enjoying the splendid bay views. Moving through the cottage, you’ll find a cozy reception room characterized by beamed ceilings and wooden flooring, enhancing its warm ambiance. The upper floor mirrors the layout of the ground level, featuring additional rooms with charming views over the property grounds. These spaces hold potential for further customization or expansion. Adjoining the cottage is a substantial barn that requires significant repairs but possesses considerable potential as an extension of living space or even as separate dwelling units, subject to necessary permissions. This expansive area includes an inglenook fireplace at one end, suggesting possibilities for transformation into a versatile space. The surrounding grounds are south-facing, bordered by trees which provide privacy and seclusion. A gentle slope leads down to a stream on the western boundary, adding to the serene landscape that could be made more attractive with landscaping efforts or development of outdoor amenities. There are several outbuildings on-site: one houses water systems; another serves as laundry facilities; additional structures offer storage options suitable for tools or garden equipment. Each outbuilding could serve various practical purposes depending on your vision for renovation. Located just 3 miles from Penzance—recently recognized as one of the best places to live in the UK—the setting combines tranquil village life with access to urban conveniences. Penzance boasts rich cultural offerings including galleries, shops, restaurants, and local attractions such as beaches favored by water sports enthusiasts. With excellent transport links via road and rail, and proximity to local schools rated highly by Ofsted, this property not only provides a unique living experience but also holds significant investment potential in an area recognized for its charm and community spirit. Whether seeking a restoration project or developing new ideas in an enviable location, this estate has much to offer inventive buyers ready to leave their mark.

Investment Analysis

(TR20 area)

Above Market Value

This property is priced +21.8% above area average per sq ft

+21.8%
This Property
£430/sq ft
Area Average
£353/sq ft
Avg Rent (weekly)
£287
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £130,000
Target Value
£541,750
10% above area average per sq ft
Potential ROI
-25.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (TR20)

Area prices are rising by +2.6% over the last 12 months
3 year growth: -5.8%
5 year growth: 16.4%
Investment Disclaimer: Analysis based on TR20 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

Tregassack Road, Ludgvan, Penzance, Cornwall, TR20
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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
£2,198
Based on a loan of £450,000 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.

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