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Newmill, TR20 8UT

South West

£950,000
Listed on 13/04/2026

Property Details

Bedrooms
5
Type
Semi Detached
Area
1765 sqft

Description

This semi-detached granite farmhouse, featuring five bedrooms, is perched in an elevated position that offers stunning views of West Penwith and Mount's Bay, including vistas of the iconic St Michael's Mount. Set within a small enclave of similar properties on the outskirts of Newmill, the property benefits from its proximity – just a five-minute drive from Penzance and all its local amenities. The home encompasses a spacious 32-foot lounge/dining room, kitchen, utility area, and a fifth bedroom along with a wet room on the ground floor. The first floor houses four additional bedrooms and a family bathroom, all designed to take advantage of the picturesque front-facing views. While the house does require some refurbishment, it presents an excellent opportunity for renovation and could serve as an ideal family residence or investment project. The accompanying approximately 70 acres of farmland is diverse, comprising grassland, arable fields, and moorland—all located in an Area of Outstanding Natural Beauty—with potential for agricultural use subject to the necessary permissions. Additionally, there is a derelict barn that may be suitable for development following appropriate planning approvals.

Investment Analysis

(TR20 area)

Above Market Value

This property is priced +52.2% above area average per sq ft

+52.2%
This Property
£538/sq ft
Area Average
£354/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£686,514
10% above area average per sq ft
Potential ROI
-34.0%
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
4%
Properties sold annually

Local Market Trend (TR20)

Area prices are rising by +9.9% over the last 12 months
3 year growth: +3.0%
5 year growth: +12.8%
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

Newmill, TR20 8UT
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£3,365
Based on a loan of £712,500 over 30 years at 3.91% 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

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