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Adelaide Street, Penzance, Cornwall, TR18 - Image 1
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Adelaide Street, Penzance, Cornwall, TR18

South West

£230,000
Listed on 14/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
969 sqft

Description

This three double bedroom mid-terrace home, located on a well-positioned street in Penzance, presents a solid foundation for those looking to undertake a renovation project. The ground floor comprises a spacious living/reception room at the front, perfect for relaxation or entertaining guests, leading into an expansive kitchen/diner at the rear that offers flexibility for reconfiguration—ideal for creating an open-plan layout to suit modern lifestyles. The upstairs continues to impress with its three generously sized bedrooms, which are often hard to find in similar properties, complemented by a compact family bathroom featuring both a bath and separate shower. Externally, the property boasts a small rear patio area, offering low-maintenance outdoor space alongside a lean-to porch that provides additional storage solutions. While the home requires modernisation throughout, it possesses strong fundamentals and ample room sizes that highlight its renovation potential. This property is perfect for buyers eager to personalize their living space and create a home that reflects their unique style within this convenient town setting.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -25.2% below area average per sq ft

-25.2%
Potential saving
This Property
£237/sq ft
Area Average
£317/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£338,103
10% above area average per sq ft
Potential ROI
+25.2%
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
12%
Properties sold annually

Local Market Trend (TR18)

Area prices are falling by +5.9% over the last 12 months
3 year growth: -5.5%
5 year growth: 16.2%
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

Adelaide Street, Penzance, Cornwall, TR18
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£843
Based on a loan of £172,500 over 30 years at 4.19% 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.

Next Steps

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