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Clarence Street, Penzance, TR18

South West

£395,000

Listed on 14/07/2026

Property details

Bedrooms
4
Type
Terraced
Area
1476 sqft

Description

This four-bedroom townhouse presents a promising investment opportunity just a short stroll from Penzance's vibrant town centre, promenade, and essential transport links. The property is in need of comprehensive modernisation but offers substantial space across four levels, enabling prospective buyers to tailor it into an ideal family home or rental property. The ground floor features a living room, dining area, and kitchen, while the basement room provides additional utility with potential for conversion into an office or guest bedroom. The first floor includes two bedrooms and a bathroom, complemented by two more well-sized bedrooms on the second floor. An enclosed courtyard garden adds outdoor charm and accessibility via Causeway Head enhances its appeal. This characterful property is perfect for those looking to invest and personalise a spacious home within reach of local amenities.

Investment analysis

(TR18 area)

Below Market Value

This property is priced -13.5% below area average per sq ft

-13.5%
Potential saving
This Property
£268/sq ft
Area Average
£309/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£502,342
10% above area average per sq ft
Potential ROI
+3.6%
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

Clarence Street, Penzance, 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
£1,492
Based on a loan of £296,250 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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