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Mount Pleasant, Penzance, Cornwall, TR18 - Image 1
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Mount Pleasant, Penzance, Cornwall, TR18

South West

£250,000

Listed on 02/07/2026

Property details

Bedrooms
3
Type
Semi Detached
Area
1156 sqft

Description

This three to four-bedroom semi-detached property offers a promising opportunity for development, set on a spacious plot in Alverton, conveniently located near the charming harbourside of Penzance. The home is in need of refurbishment, providing an excellent canvas for creating a delightful family residence or a rewarding investment project. On the ground floor, you'll find a living room, kitchen, an additional reception area, a fourth bedroom, and a wet room. The first floor houses three generously-sized bedrooms along with a family bathroom. Outside, the property features a sizable garden and off-road parking, adding to its appeal as a renovation project. Offered as seen, this property provides a unique chance to enhance its value through thoughtful upgrades.

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Investment analysis

(TR18 area)

Below Market Value

This property is priced -30.1% below area average per sq ft

-30.1%
Potential saving
This Property
£216/sq ft
Area Average
£309/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£393,433
10% above area average per sq ft
Potential ROI
+35.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (TR18)

Area prices are rising by +4.9% over the last 12 months
3 year growth: -0.6%
5 year growth: +18.9%
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

Mount Pleasant, Penzance, Cornwall, TR18
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£944
Based on a loan of £187,500 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

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