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Belgravia Street, Penzance, TR18

South West

£225,000
Listed on 20/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1278 sqft

Description

This period home offers a unique opportunity for those interested in a renovation project. Retaining much of its original character, the property features charming elements such as wooden floorboards, intricate cornicing, and period fireplaces that serve as a testament to its historic charm. Spread across three levels, the property includes a versatile layout with a living room, dining room, kitchen, bathroom, and an additional workshop space on the ground floor. The first floor hosts a spacious principal bedroom alongside two smaller bedrooms, while the attic room on the second floor provides stunning sea views that can be further enhanced through thoughtful restoration. Recent updates include a new boiler installed in 2024, providing a solid foundation for future improvements. This property is ideal for renovators or investors seeking to create a coastal retreat in close proximity to Penzance's amenities and nearby attractions like St Michael's Mount. With no onward chain and an excellent location just moments from the town centre, this home holds remarkable potential for transformation into a desirable residence.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -44.2% below area average per sq ft

-44.2%
Potential saving
This Property
£176/sq ft
Area Average
£316/sq ft
Avg Rent (weekly)
£215
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£443,530
10% above area average per sq ft
Potential ROI
+40.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (TR18)

Area prices are stable by -0.3% over the last 12 months
3 year growth: -2.4%
5 year growth: +20.7%
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

Belgravia Street, Penzance, TR18
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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
£797
Based on a loan of £168,750 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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