Worst House on the Street Logo
Paul, Penzance - Image 1
Paul, Penzance - Image 2
Paul, Penzance - Image 3
Paul, Penzance - Image 4
Paul, Penzance - Image 5

Paul, Penzance

South West

£225,000

Listed on 07/06/2026

Property Details

Bedrooms
N/A
Type
Plot

Description

This property presents a unique investment opportunity with two coastal building plots situated in an elevated position on the outskirts of Trevithal. Located conveniently close to the picturesque village of Mousehole and within a short distance from Newlyn and Penzance, these plots offer beautiful views over the countryside and Mount's Bay towards the Lizard Peninsula. Planning permission is currently in place for the demolition of existing agricultural structures to develop two detached four-bedroom residential homes (Planning Reference: PA25/02334). Further, a new planning application has been submitted for slightly larger dwellings, with a decision expected by June 30, 2026. Both proposed designs feature traditional stone elevations under natural slate roofs and incorporate modern green technologies such as PV roof panels and air source heat pumps. Each dwelling will provide around 165 sqm (1776 sqft) of internal space, including multiple living areas, offices, and en-suite facilities. The plots are level, equipped with off-road parking, gardens, and exceptional views that make them an attractive project for builders or investors aiming to capitalize on the growing demand for quality residences in this desirable coastal location. Essential services like mains electricity and water are available nearby, with additional costs estimated for connections. Overall, these plots offer substantial potential for development in a sought-after area.

Investment Analysis

(TR19 area)
Area Average
£374/sq ft
Avg Rent (weekly)
£259
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £200,000
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 -15.5% over the last 12 months
3 year growth: -8.8%
5 year growth: +4.3%
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
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£850
Based on a loan of £168,750 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.