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Penwith Street, Penzance

South West

£186,000
Listed on 20/06/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
734 sqft

Description

This terraced house on Penwith Street in Penzance offers a rare chance for those interested in renovation and investment. Having been held by the same family for decades, the property is now ready for new owners to breathe fresh life into it. Featuring two reception rooms and two bedrooms, it provides a solid foundation for transforming it into a comfortable residence that meets modern living standards. The layout includes practical spaces, such as a kitchen and a bathroom of substantial size. The dining room and lounge are well-proportioned, allowing for various design possibilities. The attic space presents an additional opportunity for expansion or storage, making this property adaptable to your needs. Location is one of the key advantages of this home; its proximity to the town center means amenities are just a short walk away. Local schools and transport links enhance its appeal to families and commuters alike. Outside, the sunny rear courtyard is complemented by an outbuilding that could serve multiple purposes, including potential expansion with the necessary planning permissions. Notably, while the property requires heating installation, it also provides unique features such as rear access and a disability lift into the courtyard, enhancing accessibility options. This home is not just a dwelling; it's an investment with multiple avenues for improvement and value addition in a desirable area.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -20.5% below area average per sq ft

-20.5%
Potential saving
This Property
£253/sq ft
Area Average
£319/sq ft
Avg Rent (weekly)
£237
Avg Yield
4.1%

Renovation Potential

Est. Renovation Cost
£18,600 - £46,500
10-25% of property value
Target Value
£257,359
10% above area average per sq ft
Potential ROI
+10.7%
After renovation
Monthly Sales
12
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TR18)

Area prices are rising by +6.2% over the last 12 months
3 year growth: 3.5%
5 year growth: 26.5%
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

Penwith Street, Penzance
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