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40 - 44 Fore Street, Newlyn, Penzance, TR18 - Image 1
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40 - 44 Fore Street, Newlyn, Penzance, TR18 - Image 3
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40 - 44 Fore Street, Newlyn, Penzance, TR18

South West

£395,000
Listed on 28/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This unique property presents an exciting development opportunity with sweeping views over Newlyn Harbour. Alma House, a historic end-of-terrace residence, spans 200 square meters and formerly served dual purposes as commercial space and residential living. Current configurations reveal three bedrooms alongside two reception areas, while the ground floor provides a flexible blank canvas that opens up numerous possibilities for transformation into additional bedrooms or studio space, subject to necessary permissions. The property also boasts parking facilities and a charming enclosed outdoor area. Nestled in the vibrant village of Newlyn, known for its thriving community and artistic scene, this location offers year-round attractions including independent cinemas, specialized food outlets, eateries, and traditional pubs. Convenient transport links to Penzance enhance accessibility across the region. Given its potential for reconfiguration and enhancement, this home is ideally suited for investors or those wishing to create a bespoke living environment.

Investment Analysis

(TR18 area)
Area Average
£318/sq ft
Avg Rent (weekly)
£215
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (TR18)

Area prices are falling by -3.7% over the last 12 months
3 year growth: -4.3%
5 year growth: +18.0%
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

40 - 44 Fore Street, Newlyn, Penzance, TR18
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,425
Based on a loan of £296,250 over 30 years at 4.06% 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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