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Newlyn, Penzance TR18

South West

£230,000
Listed on 08/03/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
775 sqft

Description

This three-bedroom semi-detached house is located in a prominent position overlooking the charming fishing village of Newlyn, providing picturesque views towards Mounts Bay and St Michael's Mount from its rear aspect. The property is sold with no onward chain, presenting an excellent opportunity for renovation and investment. While it requires modernisation throughout, the home already features uPVC double glazing in most areas and offers gardens to both the front and rear, adding to its appeal. The ground floor comprises a sitting room, dining room, and kitchen, all of which provide a solid foundation for renovation. Upstairs, there are three bedrooms along with a bathroom that could be reconfigured to create a more modern living space. Additionally, there is a utility area beneath the property and an outbuilding at the back of the garden, offering potential for further development or storage. In terms of location, Newlyn offers a blend of local amenities including shops, cafés, pubs, restaurants, galleries, and primary schooling. With Penzance just a mile away providing more extensive facilities and transport links, this property has great long-term residential rental potential as well as opportunity for personal customization.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -7.4% below area average per sq ft

-7.4%
Potential saving
This Property
£297/sq ft
Area Average
£321/sq ft
Avg Rent (weekly)
£236
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£273,226
10% above area average per sq ft
Potential ROI
+1.2%
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 stable by +1.1% over the last 12 months
3 year growth: +0.6%
5 year growth: +22.0%
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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