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Chapel Row, Tredavoe, Newlyn, Penzance, TR20 - Image 1
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Chapel Row, Tredavoe, Newlyn, Penzance, TR20

South West

£185,000
Listed on 20/08/2025

Property Details

Bedrooms
1
Type
Terraced house
Area
494 sqft

Description

This charming one-bedroom cottage is nestled in the tranquil hamlet of Tredavoe, situated just west of Newlyn. While it possesses undeniable character, the property presents significant opportunities for renovation, allowing future owners to customize and modernize the space according to their preferences. The absence of an onward chain adds convenience for those looking to make a quick transition. Tredavoe is renowned for its peaceful atmosphere and strong sense of community, highlighted by its own private chapel. Surrounded by scenic walking trails, residents can enjoy the natural beauty right at their doorstep. A short distance away lies Newlyn, a historic fishing village that boasts an array of amenities including independent cinemas, specialty food shops, restaurants, and traditional pubs. The nearby town of Penzance enhances accessibility with regional train connections, making it easy to explore further afield. Inside the cottage, the living room features a double-glazed wooden-framed window with a window seat and an electric radiator, providing a cozy yet flexible space that could be easily updated. The kitchen includes essential fittings with potential for modernization; it is equipped with a sink and drainer as well as spaces for cooking appliances. The first floor comprises a well-proportioned bedroom featuring wooden floors and another double-glazed window with a pleasant view. Additional storage options are available with a walk-in airing cupboard on the landing. The bathroom is functional but could benefit from contemporary updates to enhance comfort. Externally, the property showcases an inviting front path bordered by flower beds and granite walls. The rear courtyard serves as a communal area shared with two neighboring cottages and offers practical amenities such as coal bunkers and wood stores. This outdoor space provides room for bins and includes both an outside tap and shed for extra storage needs. With its combination of charm, community spirit, and investment potential through renovation possibilities, this cottage represents an appealing opportunity in a sought-after location.

Investment Analysis

(TR20 area)

Above Market Value

This property is priced +6.0% above area average per sq ft

+6.0%
This Property
£374/sq ft
Area Average
£353/sq ft
Avg Rent (weekly)
£287
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£191,983
10% above area average per sq ft
Potential ROI
-14.7%
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
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

Chapel Row, Tredavoe, Newlyn, Penzance, 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
£678
Based on a loan of £138,750 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