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Newlyn, Penzance TR18

South West

£230,000
Listed on 20/03/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
829 sqft

Description

This three-bedroom semi-detached home is perched in an elevated position above Newlyn, offering picturesque views that stretch across Mounts Bay and towards St. Michael's Mount. While the property is in need of modernisation, it presents a unique opportunity for renovation and investment in a desirable coastal area. The interior features include uPVC double glazing and gas central heating, ensuring a comfortable living environment. The ground floor layout comprises a sitting room with a charming multi-fuel stove, a dining area providing views over Newlyn harbour, and a functional kitchen equipped with essential appliances. The first floor accommodates three bedrooms, each with captivating views and ample natural light, along with a bathroom featuring modern fixtures. Outside, the property includes a raised courtyard garden at the rear—ideal for outdoor entertaining or as a private retreat—and side access to block-built storage sheds. The front offers minimal landscaping but provides potential for enhancement. Located in the historic fishing village of Newlyn, this home benefits from proximity to various local amenities including shops, cafes, restaurants, galleries, and primary schooling options. Additionally, Penzance is just one mile away, offering more extensive services including primary and secondary education as well as mainline transport links. With its potential for renovation and investment within such an attractive community, this property represents an opportunity to create a personalized family home or rental investment in an area known for its charm and accessibility to Cornwall’s stunning coastline.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -12.2% below area average per sq ft

-12.2%
Potential saving
This Property
£277/sq ft
Area Average
£316/sq ft
Avg Rent (weekly)
£220
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£288,252
10% above area average per sq ft
Potential ROI
+13.0%
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

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
£843
Based on a loan of £172,500 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.

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