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Leskinnick Terrace, Penzance, Cornwall, TR18 - Image 1
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Leskinnick Terrace, Penzance, Cornwall, TR18

South West

£210,000
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
818 sqft

Description

Nestled on the tranquil Leskinnick Terrace in Penzance, this two-bedroom terraced property presents a promising canvas for those with an eye for renovation and investment potential. One of its notable attributes is the expansive rear garden, combining both a lawn and hardstanding area—a rare feature in this location, offering ample opportunities for landscaping, outdoor living, or even extending the home. Upon entering the ground floor, you are greeted by a spacious living and dining room that provides versatility for various layouts and usages. Adjacent to this space is a well-maintained kitchen equipped with some integrated appliances, which serves as a sound foundation for future upgrades or personal touches. The upper level comprises two generously sized bedrooms alongside a practical study area—ideal for remote work or additional storage needs. The family bathroom is also situated on this floor, presenting another opportunity for modernization to align with contemporary design preferences. This property not only offers potential for creating a comfortable home but also represents an attractive investment opportunity in a sought-after area of Penzance. Its appeal extends to first-time buyers and those looking to infuse their own style into a characterful Cornish residence. With thoughtful renovations, this property could thrive in today's market while providing all the benefits of its convenient location.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -18.8% below area average per sq ft

-18.8%
Potential saving
This Property
£257/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
£284,427
10% above area average per sq ft
Potential ROI
+21.0%
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

Leskinnick Terrace, Penzance, Cornwall, 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
£769
Based on a loan of £157,500 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