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Park Corner, Penzance, TR18

South West

£260,000
Listed on 24/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
945 sqft

Description

This three-storey property presents a remarkable opportunity for buyers eager to customize their living space. Nestled in a serene and private environment, it remains conveniently close to the town centre, making it an ideal mix of peace and accessibility. The ground floor includes a cozy living room alongside a spacious kitchen/diner, while the first floor features a double bedroom, a single bedroom, and a rear bathroom. The second floor is home to another bedroom, along with substantial storage options on the landing. Outside, there's a manageable rear courtyard that provides an uncomplicated outdoor area. Just moments away from the scenic Penlee Park, this home allows residents to enjoy local green spaces. While requiring comprehensive modernization throughout, it offers significant potential for value addition, making it perfect for those interested in creating a personalized residence within a sought-after area of Penzance.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -12.8% below area average per sq ft

-12.8%
Potential saving
This Property
£275/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
£327,962
10% above area average per sq ft
Potential ROI
-6.3%
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

Park Corner, 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
£921
Based on a loan of £195,000 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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