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Penrose Plot, Penrose, PL27 - Image 1
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Penrose Plot, Penrose, PL27

South West

£225,000
Listed on 26/11/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

Situated in the serene hamlet of Penrose, just a short distance from North Cornwall's picturesque coastline, this building plot offers an attractive opportunity for those looking to develop a well-considered home. With full planning permission granted for a stylish three-bedroom residence, potential investors can bring their vision to life with a design that harmonizes with its rural surroundings. The proposed layout includes an open-plan kitchen and living area that seamlessly integrates with the outdoor terrace through bi-fold doors, emphasizing connectivity to nature. The two-storey structure, clad in natural stone and timber with a slate roof, draws on traditional Cornish architectural elements while incorporating modern efficiency standards. This plot not only promises comfort with its thoughtful internal arrangement but also positions you within close reach of the charming village amenities and stunning coastal landscapes. Given its accessibility and practical design features, this site presents significant potential for both personal enjoyment and investment in one of Cornwall’s highly desirable areas.

Investment Analysis

(PL27 area)
Area Average
£382/sq ft
Avg Rent (weekly)
£232
Avg Yield
2.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £220,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (PL27)

Area prices are rising by +2.6% over the last 12 months
3 year growth: 1.8%
5 year growth: 6.0%
Investment Disclaimer: Analysis based on PL27 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

Penrose Plot, Penrose, PL27
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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
£824
Based on a loan of £168,750 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE