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Tremethick Cross, Penzance TR20

South West

£100,000
Listed on 06/03/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
743 sqft

Description

This traditional two-bedroom cottage, located near the A3071 in Penzance, presents a fantastic opportunity for renovation enthusiasts or investors. Featuring an attached garage and a sizable detached garden, this property is ripe for modernization both inside and out. The ground floor includes an entrance hall leading to a living room and kitchen/dining area, while the first floor hosts two bedrooms and a bathroom, all of which will benefit from updates. The good-sized garden offers potential for landscaping and personal touches. With some thoughtful improvements, this home could serve as a charming residence or a lucrative rental property post-renovation.

Investment Analysis

(TR20 area)

Below Market Value

This property is priced -61.8% below area average per sq ft

-61.8%
Potential saving
This Property
£135/sq ft
Area Average
£352/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£287,894
10% above area average per sq ft
Potential ROI
+91.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (TR20)

Area prices are stable by -0.5% over the last 12 months
3 year growth: -4.4%
5 year growth: +9.4%
Investment Disclaimer: Analysis based on TR20 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

Tremethick Cross, Penzance TR20
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£361
Based on a loan of £75,000 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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