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Chywoone Hill, Newlyn, Penzance, Cornwall, TR18 - Image 1
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Chywoone Hill, Newlyn, Penzance, Cornwall, TR18 - Image 7
Chywoone Hill, Newlyn, Penzance, Cornwall, TR18 - Image 8
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Chywoone Hill, Newlyn, Penzance, Cornwall, TR18 - Image 10
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Chywoone Hill, Newlyn, Penzance, Cornwall, TR18

South West

£295,000
Listed on 17/03/2026

Property Details

Bedrooms
N/A
Type
Detached

Description

This coastal property presents a unique redevelopment opportunity, currently featuring an existing mundic dwelling with approved planning permission for a modern replacement home. The proposed design by Apex Architecture envisions a stylish residence distributed over three levels, capitalising on its scenic location on Chywoone Hill in the popular fishing harbour town of Newlyn. With plans in place for a spacious open-plan living area, multiple bedrooms, and landscaped gardens, this site is primed for transformation into a desirable coastal escape or investment. The region is known for its stunning coastline, making it an attractive choice for those looking to either establish a permanent home or create a second property amidst the charm of Cornwall's vibrant community. Given the rarity of new builds in this prime area, this project holds significant potential for self-builders or developers aiming to craft a bespoke residence that harmoniously integrates contemporary design with natural materials suitable for coastal conditions.

Investment Analysis

(TR18 area)
Area Average
£316/sq ft
Avg Rent (weekly)
£215
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £400,000
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

Chywoone Hill, Newlyn, Penzance, Cornwall, TR18
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,045
Based on a loan of £221,250 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.

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