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Heamoor, Penzance TR18

South West

£275,000
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
861 sqft

Description

This three-bedroom mid-terrace home is located in a desirable residential area on the outskirts of Penzance. While the property requires some modernization, it presents a significant opportunity for renovation and investment. The house features uPVC double glazing throughout, ensuring good insulation, and includes a garage en-bloc as well as gardens at both the front and rear. Internally, the layout comprises a sitting room that benefits from natural light and a gas fire, leading into a kitchen/dining area equipped with essential appliances and patio doors that open to a conservatory. This additional space could be transformed into an inviting gathering area or even an extension of the kitchen with some upgrades. The first floor accommodates three bedrooms and a bathroom that offers potential for updating to suit contemporary standards. Located just a short distance from Penzance town center, the property is well-serviced by local amenities, including primary and secondary schools as well as public transport options like bus services and mainline rail connections. This accessibility adds to its appeal for both families and commuters alike. The exterior features tiered gravel areas at the front and a rear garden with a paved seating area—ideal for outdoor activities or gardening enthusiasts. There’s also convenient access to the garages via timber gates. With its combination of location, structural integrity, and renovation potential, this property represents an excellent investment opportunity for those looking to create their ideal home in a sought-after area of Cornwall. Early viewings are encouraged to fully appreciate what this property has to offer.

Investment Analysis

(TR18 area)

Above Market Value

This property is priced +1.0% above area average per sq ft

+1.0%
This Property
£319/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
£299,378
10% above area average per sq ft
Potential ROI
-5.0%
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

Heamoor, 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
£1,007
Based on a loan of £206,250 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