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Penare Gardens, Penzance TR18

South West

£210,000
Listed on 29/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
678 sqft

Description

This two-bedroom end of terrace house is positioned on the outskirts of Penzance and is available with no onward chain. The property presents an excellent opportunity for those looking to undertake a renovation project, as it requires modernisation throughout. Enhanced by uPVC double glazing and gas central heating, this home includes a living room, kitchen, and an integral garage on the ground floor, along with two double bedrooms and a bathroom on the first floor. The generous rear garden provides ample outdoor space that could be transformed into a beautiful retreat. The location offers convenient access to Penzance's vibrant amenities, including various shops, restaurants, and schools, making it ideal for families or investors seeking rental opportunities. As public transport is readily accessible with bus routes and a mainline railway station nearby, this property holds significant potential for improvement and personalisation in a desirable area.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -2.0% below area average per sq ft

-2.0%
Potential saving
This Property
£310/sq ft
Area Average
£316/sq ft
Avg Rent (weekly)
£220
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£235,747
10% above area average per sq ft
Potential ROI
+0.3%
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

Penare Gardens, 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
£769
Based on a loan of £157,500 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