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St. Michaels Terrace, Penzance, TR18

South West

£209,950
Listed on 15/12/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
295 sqft

Description

This two-bedroom terraced house on St Michael's Terrace presents an intriguing opportunity for investors or those looking to craft their ideal home through renovation. The property is offered chain-free, making the purchasing process more straightforward. The ground level features a spacious living room and a functional kitchen-diner, illuminated by skylights that add a modern touch. A rear porch serves as a utility area, complete with plumbing and storage for the boiler, along with access to the service lane at the back. Upstairs, you'll find a generously sized main bedroom alongside a smaller second bedroom and a family bathroom that could benefit from updating. Notably, many of the neighbouring properties have successfully extended into loft spaces, indicating potential for further development here (subject to relevant planning permissions). Outdoor space includes a front fenced patio area and dedicated off-road parking nearby. Additionally, there's a garden area equipped with a greenhouse and shed. This property is in need of comprehensive renovation, offering an excellent platform for buyers to modernise and personalise according to their tastes.

Investment Analysis

(TR18 area)

Above Market Value

This property is priced +122.1% above area average per sq ft

+122.1%
This Property
£712/sq ft
Area Average
£321/sq ft
Avg Rent (weekly)
£236
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£104,002
10% above area average per sq ft
Potential ROI
-60.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (TR18)

Area prices are stable by +1.1% over the last 12 months
3 year growth: +0.6%
5 year growth: +22.0%
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

St. Michaels Terrace, Penzance, TR18
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£757
Based on a loan of £157,462 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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