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Newlyn, Penzance TR18

South West

£230,000
Listed on 13/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
829 sqft

Description

This three-bedroom semi-detached residence is positioned in an elevated area above the picturesque fishing village of Newlyn, offering stunning views over Mounts Bay and St Michael's Mount from the rear. The property presents a solid foundation for renovation, equipped with uPVC double glazing and a raised courtyard garden, perfect for landscaping or outdoor living enhancements. Inside, you will find gas central heating throughout. The ground floor features a sitting room with a charming multi-fuel stove, along with a dining area that overlooks the beautiful scenery. The kitchen, though functional, could benefit from modernisation to truly maximise its potential. Upstairs are three bedrooms and a bathroom, all of which offer the opportunity for updates to create a more contemporary living space. This home is ideally situated close to local amenities including shops, cafes, galleries, and schools in Newlyn while remaining just a mile from Penzance's broader offerings. With some thoughtful renovations, this property could not only increase its value but also enhance your quality of life in this delightful part of Cornwall.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -12.8% below area average per sq ft

-12.8%
Potential saving
This Property
£277/sq ft
Area Average
£318/sq ft
Avg Rent (weekly)
£215
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£290,030
10% above area average per sq ft
Potential ROI
+9.4%
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

Newlyn, 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
£830
Based on a loan of £172,500 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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