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St. James Street, Penzance, Cornwall, TR18

South West

£215,000
Listed on 08/05/2026

Property Details

Bedrooms
2
Type
Terraced
Area
680 sqft

Description

This 2-bedroom terrace house is situated in the vibrant heart of Penzance, offering an excellent investment opportunity or an ideal starting point for first-time buyers. With shops, cafes, and bars just a stone's throw away, you'll enjoy the convenience of urban living along with easy access to stunning gardens, the picturesque promenade, and the iconic art deco Jubilee Pool. The ground floor features a combined living room and kitchen-dining area that could benefit from contemporary updates. Upstairs, you'll find two bedrooms and a bathroom, while a sunny courtyard at the rear presents potential for outdoor enhancements. This property is ripe for modernisation and offers significant scope to increase its value through renovation.

Investment Analysis

(TR18 area)

Above Market Value

This property is priced +0.4% above area average per sq ft

+0.4%
This Property
£316/sq ft
Area Average
£315/sq ft
Avg Rent (weekly)
£217
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£235,620
10% above area average per sq ft
Potential ROI
-1.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TR18)

Area prices are stable by +1.2% over the last 12 months
3 year growth: -3.1%
5 year growth: +18.6%
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

St. James Street, Penzance, Cornwall, TR18
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£767
Based on a loan of £161,250 over 30 years at 3.97% 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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