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Charles Street, Newlyn, TR18

South West

£199,950
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
375 sqft

Description

This three-bedroom terraced home in Newlyn presents a unique opportunity for those with a vision for renovation and investment. Offered for sale for the first time in over eighty years, this property retains much of its original character and charm, making it an ideal candidate for a transformative project. Inside, the home features two reception rooms that provide versatile living spaces, perfect for reimagining layouts to suit modern living. The living room and dining room both boast period fireplaces and traditional sash windows, offering a glimpse into the home's historical appeal while serving as blank canvases for potential enhancements. Renovation efforts could include updating kitchen amenities, which already have fitted base units, and expanding the utility area that leads to the rear courtyard. The upstairs comprises three bedrooms, each with its own distinctive features such as period fireplaces and ample natural light through sash windows. Though the property currently lacks central heating, this offers an avenue to increase value through future improvements. The simple addition of central heating could significantly elevate comfort while enhancing energy efficiency. Outside, there’s a small courtyard at the back, providing a private outdoor space with access to a service lane—a practical feature for storage or additional access if desired. On-street parking is available right at your doorstep, adding convenience. Set in the vibrant community of Newlyn, the property benefits from proximity to local shops, restaurants, galleries, and coastal paths. This traditional fishing village is increasingly popular due to its array of amenities including an independent film house and specialty food shops. Nearby Penzance offers good transport links via train, facilitating easy access to other regions. With its inherent charm and significant renovation potential in a sought-after location, this property invites you to explore its possibilities and make it your own.

Investment Analysis

(TR18 area)

Above Market Value

This property is priced +68.7% above area average per sq ft

+68.7%
This Property
£533/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
£130,391
10% above area average per sq ft
Potential ROI
-45.7%
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

Charles Street, Newlyn, 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
£732
Based on a loan of £149,962 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