Penalverne Crescent, Penzance
South West
£100,000
Listed on 20/09/2026
Listed on 20/09/2026
The listing
Property details
Bedrooms
1Type
FlatFeatures
- Garden
Description
This one-bedroom ground floor apartment is offered to the market chain-free, presenting an excellent opportunity for first-time buyers or investors looking for a project. Located in a convenient residential area of Penzance, the property features a lounge, a separate kitchen, a shower room, and a private rear garden that adds valuable outdoor space. The accommodation is in need of modernisation and refurbishment, allowing the new owner to update and personalise the home to their taste. Penzance is a vibrant town with a variety of retail options, independent shops, and scenic attractions including the beautiful promenade and Morrab Gardens. With a new 999-year lease and reasonable service charges, this property is poised for transformation into a comfortable living space.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
43out of 100
Grade ELow opportunity
Confidence: LOW
At £100,000, this one-bedroom ground-floor flat has a clear renovation canvas: the living space and bedroom have stripped or exposed flooring and marked or dated finishes, while the kitchen and shower room are ready for updating. The private rear garden adds useful outdoor space, with weathered decking and weedy edges to improve; the exterior views appear generally intact. The 43/100 E grade reflects limited overall opportunity, but the project offers scope to create a more comfortable home and personalise the layout and finishes.
Floor area is missing, so value versus local £/sq ft cannot yet be judged. The £25,000–£45,000 renovation range gives a sense of the work involved, but without a floor area or stated resale value the economics cannot be assessed confidently. The flat also has a 999-year lease stated, with service and building insurance charges listed.
Key opportunities
- Rework the living space and bedroom with finished flooring and refreshed walls to create a more cohesive home.
- Update the dated kitchen and worn shower room to suit a buyer’s needs.
- Improve the private rear garden by refreshing the decking and tidying the edges.
Key risks
- The stripped flooring, marked walls and worn finishes across the flat, alongside kitchen and shower-room updates and garden work, make the £25,000–£45,000 budget a substantial programme rather than a cosmetic refresh.
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Transport
Nearest stations
Penzance Rail Station
0.5 miles
Train · Penzance
St Erth Rail Station
5.6 miles
Train · St Erth
Lelant Saltings Rail Station
6.1 miles
Train · Lelant
Carbis Bay Rail Station
6.4 miles
Train · Carbis Bay
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£409
Based on a loan of £75,000 over 30 years at 5.13% 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.
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