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Trewarveneth Farm, Newlyn, Penzance, TR18 - Image 1
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Trewarveneth Farm, Newlyn, Penzance, TR18 - Image 10
Trewarveneth Farm, Newlyn, Penzance, TR18 - Image 11

Trewarveneth Farm, Newlyn, Penzance, TR18

South West

£295,000
Listed on 19/01/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1162 sqft

Description

This semi-detached property is situated in a picturesque rural setting, presenting a unique opportunity for renovation and investment. The home consists of three bedrooms and features a lovely south-facing garden, which offers ample potential for landscaping or outdoor enhancement. Additionally, there is parking available for one larger vehicle directly in front of the house. While the property requires complete renovation, this presents an excellent canvas for those looking to customize their living space to personal tastes. Inside, the layout includes a welcoming entrance hall that leads into a dining room featuring a double-glazed window with scenic views of the countryside. The adjoining kitchen is equipped with necessary fittings and provides access to the lounge, where generous windows invite natural light and offer pleasant rural outlooks. Upstairs, you will find three bedrooms, each with their own character and potential for redesign. The main bedroom boasts expansive views from its double-glazed window, while the second bedroom also features dual windows that enhance its appeal. A smaller room can serve as either a study or additional bedroom, adaptable to your needs. The bathroom includes essential fixtures such as a bath with shower over, making it functional even before renovations are undertaken. The location enhances the property's attractiveness; Newlyn is an ever-popular fishing village renowned for its vibrant community and local amenities including shops, eateries, and cultural venues like an independent film house. Nearby Penzance provides broader access to public transportation links throughout the country. In addition to local conveniences, the nearby village of Paul offers charming historic elements such as its 15th-century church and further amenities. An interesting aspect of this property is the availability of an adjacent barn which could present an additional opportunity for conversion into usable living space or rental potential—subject to obtaining necessary permissions. In summary, this property stands as a promising project for investors or buyers eager to create their ideal home within a desirable rural community setting. With significant renovation prospects both inside and out, coupled with its appealing location close to Newlyn's vibrant offerings, this residence invites exploration and creativity.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -19.8% below area average per sq ft

-19.8%
Potential saving
This Property
£254/sq ft
Area Average
£316/sq ft
Avg Rent (weekly)
£258
Avg Yield
4.4%

Renovation Potential

Est. Renovation Cost
£29,500 - £73,750
10-25% of property value
Target Value
£404,486
10% above area average per sq ft
Potential ROI
+9.7%
After renovation
Monthly Sales
19
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (TR18)

Area prices are rising by +3.6% over the last 12 months
3 year growth: 0.5%
5 year growth: 24.5%
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

Trewarveneth Farm, Newlyn, Penzance, TR18
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