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Chapel Street, Penzance, Cornwall

South West

£500,000
Listed on 07/10/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
2240 sqft

Description

Nestled in one of Penzance's historic streets, this freehold property offers a unique blend of residential and commercial space. The triplex apartment boasts four bedrooms, ideal for family living or potential rental income. Additionally, the ground-level shop presents an opportunity for business ventures or as an investment property, with the added bonus of a workshop/basement area. While the property is generally well-maintained, a modern touch would enhance its appeal and utility. The small rear courtyard provides a private outdoor space, perfect for creating a tranquil retreat in the heart of town.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -29.4% below area average per sq ft

-29.4%
Potential saving
This Property
£223/sq ft
Area Average
£316/sq ft
Avg Rent (weekly)
£220
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£778,870
10% above area average per sq ft
Potential ROI
+44.2%
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

Chapel Street, Penzance, Cornwall
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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
£1,832
Based on a loan of £375,000 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.

Next Steps

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