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Sea View Terrace, Newlyn, Penzance, Cornwall, TR18 - Image 1
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Sea View Terrace, Newlyn, Penzance, Cornwall, TR18 - Image 3
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Sea View Terrace, Newlyn, Penzance, Cornwall, TR18 - Image 8
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Sea View Terrace, Newlyn, Penzance, Cornwall, TR18 - Image 10
Sea View Terrace, Newlyn, Penzance, Cornwall, TR18 - Image 11

Sea View Terrace, Newlyn, Penzance, Cornwall, TR18

South West

£295,000
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
1092 sqft

Description

Discover a quaint cottage nestled in a secluded terrace of six residences, offering captivating views of the sea and harbour. This property presents an exceptional opportunity for those looking to invest in a home with significant renovation potential. The ground floor features an open-plan lounge and dining area that beautifully frames the stunning coastal scenery, along with a functional kitchen and a versatile study/utility space. A conveniently located downstairs shower room completes this level, providing practicality for everyday living. The first floor boasts two spacious double bedrooms, allowing for ample natural light and comfort, along with a family bathroom. An added highlight is the large attic room accessed via a fixed ship-style ladder; this space has the potential to be converted into an additional bedroom or recreational area, pending relevant planning approvals. Externally, the property includes a small rear yard with access and a sunny front garden primarily laid to lawn. This outdoor space not only enhances the property's curb appeal but also offers picturesque views across the bay—a perfect canvas for summer gatherings or leisurely afternoons. While the cottage has been well-maintained over the years, it stands as a great candidate for modernization, enabling you to tailor its charm to your personal taste. With strategic updates, this property could transform into a desirable retreat or rental opportunity in an increasingly sought-after location.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -14.5% below area average per sq ft

-14.5%
Potential saving
This Property
£270/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
£379,699
10% above area average per sq ft
Potential ROI
+13.3%
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

Sea View Terrace, Newlyn, 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
£1,081
Based on a loan of £221,250 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