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Bullock Market Terrace, Penzance TR18 - Image 1
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Bullock Market Terrace, Penzance TR18

South West

£235,000
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom mid-terrace cottage is situated in a desirable, tucked-away terrace, providing an ideal opportunity for renovation and investment. While the property requires modern updates, it retains many original features that can be highlighted in future enhancements. The south-facing garden offers a tranquil oasis, providing privacy amidst the bustling energy of the nearby regenerated area at Causewayhead. With no onward chain, this property is ready for new owners to reimagine its potential. Internally, the layout includes a conservatory that opens into a sitting room featuring a fireplace and built-in shelving. The kitchen/dining area provides ample space for creativity and is complemented by a rear porch leading to a convenient courtyard. The essential bathroom completes the ground floor living space. Upstairs, the two double bedrooms are well-sized; one boasts distant views towards Newlyn, while both offer opportunities to modify and enhance according to personal taste. Location-wise, this cottage is mere minutes from Penzance's town center, which offers an array of amenities including restaurants and shops, alongside primary and secondary educational facilities. Commuters will appreciate nearby bus routes and train services available within half a mile. Properties in this terrace are seldom available on the market, making this an excellent chance for those looking to invest in a home with significant renovation potential. Early viewings are encouraged to explore the possibilities this property has to offer.

Investment Analysis

(TR18 area)
Area Average
£316/sq ft
Avg Rent (weekly)
£220
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
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

Bullock Market Terrace, 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
£861
Based on a loan of £176,250 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