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Paul, Penzance

South West

£385,000

Listed on 07/06/2026

Property details

Bedrooms
N/A
Type
Plot

Description

An exceptional opportunity to acquire two building plots in a scenic elevated location on the outskirts of Trevithal, close to the coastal village of Mousehole and the towns of Newlyn and Penzance. These plots come with planning permission for the demolition of existing agricultural structures, allowing for the development of two detached four-bedroom homes (Planning Reference: PA25/02334). This development is situated on a level site, offering stunning views over the countryside and Mount's Bay to the Lizard Peninsula. The proposed plans for Plot 2 include a detached dwelling featuring stone elevations beneath a natural slate roof, designed with sustainability in mind through the incorporation of solar PV panels and an air source heat pump. The internal layout encompasses a generous 165sqm (1776 sqft), featuring an entrance lobby, kitchen/breakfast room, shower room, office, utility area, and semi-open plan lounge/diner. The first floor consists of a master bedroom with en-suite facilities, alongside two additional double bedrooms, a single bedroom, and a family bathroom. The property also boasts level gardens and an adjoining paddock extending approximately 2.5 acres – perfect for those looking to create their own outdoor space while enjoying breathtaking surroundings. Potential investors should note that further land may be available via separate negotiation. The existing infrastructure includes mains electricity (with an estimated connection cost of £4,500 plus trenching), mains water, and private drainage. This property offers not only immediate residential development potential but also long-term value given its picturesque setting near popular coastal attractions. For viewing arrangements or more information regarding planning details, interested parties are encouraged to contact Lodge & Thomas.

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Investment analysis

(TR19 area)
Area Average
£372/sq ft
Avg Rent (weekly)
£295
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
3%
Properties sold annually

Local Market Trend (TR19)

Area prices are falling by -16.3% over the last 12 months
3 year growth: -8.3%
5 year growth: +1.8%
Investment Disclaimer: Analysis based on TR19 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

Paul, Penzance
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Mortgage calculator

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£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,454
Based on a loan of £288,750 over 30 years at 4.45% 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

This calculation uses non-residential (land/commercial) tax rates.

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