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Heamoor, Penzance TR18

South West

£260,000
Listed on 13/02/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
861 sqft

Description

This three-bedroom mid-terrace home presents a solid opportunity for investment or personal refurbishment in a sought-after residential area on the outskirts of Penzance. While the property necessitates modernisation, it offers practical features such as uPVC double glazing and a garage en-bloc, along with gardens at both the front and rear. The internal layout includes a sitting room, kitchen/dining room, and conservatory on the ground floor, complemented by three bedrooms and a bathroom upstairs, providing a blank canvas for contemporary upgrades. With gas central heating already in place, this property is well-equipped for renovation while retaining its potential charm. Its proximity to local amenities, schools, and transport links adds to its viability for long-term rental or resale once enhanced. Prospective buyers are encouraged to view early to fully grasp the scope of what this property can become.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -5.1% below area average per sq ft

-5.1%
Potential saving
This Property
£302/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
£301,225
10% above area average per sq ft
Potential ROI
+2.1%
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

Heamoor, 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
£938
Based on a loan of £195,000 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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