Worst House on the Street Logo
Newlyn, Penzance TR18 - Image 1
Newlyn, Penzance TR18 - Image 2
Newlyn, Penzance TR18 - Image 3
Newlyn, Penzance TR18 - Image 4
Newlyn, Penzance TR18 - Image 5
Newlyn, Penzance TR18 - Image 6
Newlyn, Penzance TR18 - Image 7
Newlyn, Penzance TR18 - Image 8
Newlyn, Penzance TR18 - Image 9
Newlyn, Penzance TR18 - Image 10
Newlyn, Penzance TR18 - Image 11

Newlyn, Penzance TR18

South West

£495,000
Listed on 13/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1130 sqft

Description

Presenting a three-bedroom detached residence located in the charming fishing village of Newlyn, this property offers significant renovation potential. With picturesque views over Penzance, Mounts Bay, and Lizard Point, the home is currently in need of modernisation. Key features include uPVC double glazing, ample parking for up to three vehicles, a garage, and gardens both at the side and rear. The house is equipped with an oil-fired central heating system and includes essential living spaces: a kitchen/dining area, a sitting room with balcony access, two ground-floor double bedrooms, a bathroom, and a first-floor ensuite bedroom. Additional conveniences are found in the lower ground floor utility room along with extensive under-property storage. This property presents an excellent opportunity to enhance its value through thoughtful upgrades while enjoying a desirable coastal location with local amenities just a short distance away.

Investment Analysis

(TR18 area)

Above Market Value

This property is priced +37.7% above area average per sq ft

+37.7%
This Property
£438/sq ft
Area Average
£318/sq ft
Avg Rent (weekly)
£215
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£395,336
10% above area average per sq ft
Potential ROI
-26.1%
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

Newlyn, Penzance TR18
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,785
Based on a loan of £371,250 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates