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Leskinnick Terrace, Penzance TR18

South West

£200,000
Listed on 27/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
678 sqft

Description

This two-bedroom mid-terrace townhouse, located on the outskirts of Penzance, offers a unique opportunity for renovation and investment. While the property requires modernization throughout, it presents a blank canvas for buyers who wish to personalize their living space. The attractive front garden and enclosed courtyard area enhance the property's appeal, providing outdoor spaces that can be further developed. The layout features a cozy living room and functional kitchen with an adjoining storage area on the ground floor. Upstairs, you'll find two well-sized bedrooms along with a bathroom, allowing for comfortable living. The presence of original elements such as wooden sash windows adds character to the home while presenting chances for refurbishment tailored to modern preferences. Situated in the vibrant market town of Penzance, this property is just moments away from essential amenities including dining options, local shops, and schools. The convenient transport links via nearby bus services and the mainline railway station make commuting straightforward, making this location highly desirable for both residents and potential tenants. For those looking to invest or create a personalized space, this home offers significant potential. Given its location within a conservation area and proximity to local facilities, there may also be opportunities for capital appreciation following renovations. This property is ideal for buyers with vision who are eager to transform a house into their dream home or capitalize on the rental market potential in a thriving community.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -6.7% below area average per sq ft

-6.7%
Potential saving
This Property
£295/sq ft
Area Average
£316/sq ft
Avg Rent (weekly)
£220
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£235,747
10% above area average per sq ft
Potential ROI
+2.5%
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

Leskinnick 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
£733
Based on a loan of £150,000 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