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Mount Street, Penzance TR18

South West

£175,000
Listed on 13/02/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
624 sqft

Description

This unique two-bedroom mid-terrace cottage, located just a short stroll from the vibrant amenities of Penzance, presents an exciting opportunity for those looking to invest in a property with considerable renovation potential. While the home is equipped with majority double glazing and a small courtyard, it does require modernisation to fully realise its charm and functionality. The ground floor features a living room and kitchen area, while the first floor hosts two bedrooms, one of which includes an ensuite bathroom, along with an additional shower room. Given its current condition and layout, this property could be ideal for first-time buyers or investors seeking a project that offers opportunities for enhancement and value addition. Early viewing is advised to appreciate its full potential.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -11.8% below area average per sq ft

-11.8%
Potential saving
This Property
£280/sq ft
Area Average
£318/sq ft
Avg Rent (weekly)
£215
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£218,310
10% above area average per sq ft
Potential ROI
+1.5%
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

Mount Street, 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
£631
Based on a loan of £131,250 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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