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Gloucester Road, Newlyn, Penzance, Cornwall, TR18 - Image 1
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Gloucester Road, Newlyn, Penzance, Cornwall, TR18 - Image 3
Gloucester Road, Newlyn, Penzance, Cornwall, TR18 - Image 4
Gloucester Road, Newlyn, Penzance, Cornwall, TR18 - Image 5
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Gloucester Road, Newlyn, Penzance, Cornwall, TR18 - Image 8
Gloucester Road, Newlyn, Penzance, Cornwall, TR18 - Image 9
Gloucester Road, Newlyn, Penzance, Cornwall, TR18 - Image 10
Gloucester Road, Newlyn, Penzance, Cornwall, TR18 - Image 11

Gloucester Road, Newlyn, Penzance, Cornwall, TR18

South West

£175,000
Listed on 20/12/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
804 sqft

Description

This semi-detached two-bedroom property, located in an elevated position in Newlyn, presents a noteworthy opportunity for modernisation and investment. The residence boasts breathtaking sea views from the rear, encompassing St Michael's Mount and the surrounding landscape. It features both front and rear gardens that are enclosed, with a decked area designed to optimise the stunning vistas. The garden also contains a lawn and an old vegetable patch, enhancing its potential for landscaping or recreational use. Street parking is conveniently accessible.<br><br>Located on Gloucester Road at the edge of this charming fishing village, the property is close to local shops, cafes, pubs, and an art gallery. More extensive amenities can be found in nearby Penzance, which offers a mainline railway station and convenient access to the A30.<br><br>The layout includes a welcoming entrance hall leading to a sitting room and a kitchen/diner that opens into the garden. Upstairs, there are two bedrooms alongside a study and bathroom—perfect for reconfiguration to maximise space. With some renovation work needed throughout, this property is ideal for those looking to create their dream home while capitalising on the location's appeal.<br><br>It is important to note that this property has spray foam roof insulation but is only suitable for cash buyers due to its current state.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -31.1% below area average per sq ft

-31.1%
Potential saving
This Property
£218/sq ft
Area Average
£316/sq ft
Avg Rent (weekly)
£220
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£279,559
10% above area average per sq ft
Potential ROI
+30.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Gloucester Road, Newlyn, Penzance, Cornwall, 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
£641
Based on a loan of £131,250 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