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Causewayhead, Penzance, Cornwall, TR18 2SN

South West

£165,000

Listed on 11/06/2026

Property Details

Bedrooms
N/A
Type
Retail Property (high Street)

Description

This freehold commercial property located in Penzance offers a substantial opportunity for redevelopment, whether for commercial endeavors or residential conversion, pending necessary planning approvals. The ground floor boasts a prominent double-fronted retail space, while the upper levels present significant potential for storage enhancement or transformation into living spaces. With over 6,000 sq ft of internal area, this property is well-suited for those looking to invest in an ambitious refurbishment project. It's important to note that the building requires comprehensive renovation and is being sold with full vacant possession, allowing for immediate project commencement.

Investment Analysis

(TR18 area)
Area Average
£312/sq ft
Avg Rent (weekly)
£244
Avg Yield
4.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (TR18)

Area prices are rising by +4.6% over the last 12 months
3 year growth: +0.2%
5 year growth: +21.6%
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

Causewayhead, Penzance, Cornwall, TR18 2SN
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£623
Based on a loan of £123,750 over 30 years at 4.45% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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