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Carmen Square, Heamoor, Penzance, Cornwall, TR18 - Image 1
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Carmen Square, Heamoor, Penzance, Cornwall, TR18 - Image 3
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Carmen Square, Heamoor, Penzance, Cornwall, TR18 - Image 5
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Carmen Square, Heamoor, Penzance, Cornwall, TR18 - Image 7
Carmen Square, Heamoor, Penzance, Cornwall, TR18 - Image 8
Carmen Square, Heamoor, Penzance, Cornwall, TR18 - Image 9
Carmen Square, Heamoor, Penzance, Cornwall, TR18 - Image 10

Carmen Square, Heamoor, Penzance, Cornwall, TR18

South West

£200,000
Listed on 25/03/2026

Property Details

Bedrooms
2
Type
Terraced
Area
698 sqft

Description

This two-bedroom terraced property offers a unique opportunity for buyers looking to invest in a home that requires modernization. Located on a quiet no-through road in Heamoor, the residence features a practical layout with a lounge, dining area, and fitted kitchen that conveniently opens onto a manageable courtyard garden. Upstairs, you'll find two double bedrooms along with a family bathroom, providing ample space for comfortable living. Additionally, the property includes an en-bloc garage with easy access via an up-and-over door, enhancing the property's practicality. With no onward chain, this home presents significant potential for those willing to undertake renovations to realize its full value.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -10.6% below area average per sq ft

-10.6%
Potential saving
This Property
£287/sq ft
Area Average
£321/sq ft
Avg Rent (weekly)
£236
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£246,080
10% above area average per sq ft
Potential ROI
+9.4%
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

Carmen Square, Heamoor, Penzance, Cornwall, 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
£721
Based on a loan of £150,000 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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