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Mount Street, Penzance TR18

South West

£175,000
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
624 sqft

Description

This unique two-bedroom mid-terrace cottage presents an exciting opportunity for renovation and investment, situated within walking distance of the amenities in Penzance. While the property is in need of modernization, it features a majority of double-glazed windows and comes with a compact courtyard space, allowing for potential outdoor enhancements. The interior comprises a living room and kitchen on the ground floor, while the first floor accommodates two bedrooms, including one with an ensuite bathroom, along with a shower room. The living area has an under-stairs storage cupboard and a raised dining area that could be reconfigured to maximize space. The kitchen features essential appliances spots but offers ample scope for updates to create a more functional layout. In terms of location, this cottage is conveniently close to Penzance's vibrant market town. This proximity provides access to a diverse range of local shops, restaurants, and public houses. Educational institutions for primary and secondary schooling are also nearby. Additionally, excellent transportation options are available via bus services and the mainline railway station just around 200 yards away. The property's structure includes solid brick construction which allows for various renovation possibilities without major structural constraints. The small courtyard at the rear can also be transformed into a charming outdoor retreat or added utility space. For those considering this property as an investment, it holds strong rental potential given its desirable location and character features that could appeal to potential tenants seeking affordable yet distinctive accommodation in Penzance. Interested buyers are encouraged to explore this opportunity further before it's gone.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -11.3% below area average per sq ft

-11.3%
Potential saving
This Property
£280/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
£216,971
10% above area average per sq ft
Potential ROI
+8.5%
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

Mount Street, 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
£641
Based on a loan of £131,250 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