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Newlyn, Penzance TR18

South West

£430,000

Listed on 03/06/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1130 sqft

Description

This three-bedroom detached residence presents a promising opportunity for renovation, set against the scenic backdrop of Newlyn with views sweeping across Penzance and Mounts Bay. The home offers a solid foundation with essential features such as uPVC double glazing and an oil-fired central heating system, though it would benefit from modernisation throughout. The layout includes a kitchen/dining area, sitting room, bathroom, and two ground-floor bedrooms alongside an ensuite bedroom on the first floor. Additional spaces include a utility room on the lower ground level and generous under-property storage. Externally, the property boasts parking for two to three vehicles and a garage, complemented by gardens at both the side and rear that are ready to be reimagined into inviting outdoor spaces. This home’s location near local amenities in Newlyn and excellent transport links to Penzance further enhances its investment potential. An early viewing is recommended to fully appreciate the possibilities this property has to offer.

Investment Analysis

(TR18 area)

Above Market Value

This property is priced +21.9% above area average per sq ft

+21.9%
This Property
£381/sq ft
Area Average
£312/sq ft
Avg Rent (weekly)
£244
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£387,940
10% above area average per sq ft
Potential ROI
-19.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Newlyn, Penzance TR18
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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
£1,624
Based on a loan of £322,500 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

Price History

-13.1% since listed
£430,000£45,000(-9.5%)
03/06/2026
Current price
£475,000£20,000(-4.0%)
12/04/2026
£495,000Initial listing
13/02/2026

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