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Tremenheere Road, Penzance

South West

£350,000
Listed on 22/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1335 sqft

Description

This spacious semi-detached family home in the historic market town of Penzance stands as a promising project for those looking to invest in a property with considerable renovation potential. The residence, currently a blank canvas, calls for extensive updating throughout, allowing future owners to tailor it to their specific style and needs. Spread across two floors, the home features ample living space including a lounge, dining room, conservatory, kitchen, utility room, and a downstairs WC. On the upper level, there are three bedrooms and a bathroom. The outdoor area boasts a generous garden adorned with mature trees and shrubs, complemented by additional structures such as a greenhouse, workshop, and garage. Located in an area renowned for its vibrant community spirit and rich cultural history, Penzance is experiencing an exciting revival with its eclectic mix of local shops, galleries, and restaurants all within reach. Excellent transport links enhance the appeal of this location further. Given that the property is being sold as part of a deceased estate with executors lacking personal history of the home’s condition or maintenance records, investors should consider opportunities for structural assessments prior to renovation plans. Overall, this property presents an ideal opportunity for those eager to create a personalised family home in one of West Cornwall's thriving locales.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -17.6% below area average per sq ft

-17.6%
Potential saving
This Property
£262/sq ft
Area Average
£318/sq ft
Avg Rent (weekly)
£215
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£467,056
10% above area average per sq ft
Potential ROI
+13.9%
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 falling by -3.7% over the last 12 months
3 year growth: -4.3%
5 year growth: +18.0%
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

Tremenheere Road, Penzance
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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
£1,262
Based on a loan of £262,500 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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