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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 11/09/2025

Property Details

Bedrooms
2
Type
Detached
Area
1394 sqft

Description

Nestled within approximately 3.18 acres of elevated land, this property offers breathtaking and unobstructed views of St Michaels Mount and Mounts Bay. The main cottage showcases a distinctive gothic interior, characterized by an open-flow layout with only the bathroom providing a separate entry point. Entering through a covered porch onto a cobbled floor, one is welcomed into a semi-circular space adorned with three windows and built-in storage. The kitchen/dining area features an eye-catching painted ceiling, herringbone parquet flooring, alongside an inglenook-style Aga, inviting potential buyers to reimagine this unique space. The reception room boasts wooden floors and exposed beams, adding to the cottage’s charm, while upstairs mirrors the layout below with ample views of the surrounding landscape. Adjoining the main house is a barn in need of significant repair, offering expansive opportunities for renovation — whether that be for additional living space or potential rental units. Surrounding gardens include charming cobbled areas and gothic-inspired raised beds. The property’s south-facing position provides ample sunlight, ideal for cultivating gardens or enjoying outdoor leisure activities. Overall, this estate presents an excellent opportunity for investors looking to restore and elevate a distinctive property in a beautiful location.

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
£354/sq ft
Avg Rent (weekly)
£329
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£542,057
10% above area average per sq ft
Potential ROI
-24.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (TR20)

Area prices are rising by +13.3% over the last 12 months
3 year growth: +10.2%
5 year growth: +17.9%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,141
Based on a loan of £450,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

Price History

-13.7% since listed
£600,000£50,000(-7.7%)
07/10/2025
Current price
£650,000£45,000(-6.5%)
13/02/2025
£695,000Initial listing
12/09/2024

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