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Penalverne Crescent, Penzance

South West

£100,000

Listed on 19/09/2026

The listing

Property details

Bedrooms
1
Type
Flat

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.

50out of 100
Grade DWeak opportunity

Confidence: LOW

This one-bedroom ground floor apartment in Penzance presents a notable opportunity for first-time buyers or investors looking for a project. While the property requires significant modernisation throughout, the asking price of £100,000 is attractively positioned below the local average of £282,883, making it a reasonably priced entry point for those willing to undertake the necessary updates and improvements.

The apartment features a private rear garden and a functional layout that includes a living room, kitchen, and shower room, all of which offer scope for personalisation. The dated interiors, including the kitchen and bathroom, provide a blank canvas for creative renovation, which could enhance both the comfort and value of the home. Given the potential for appreciation in this thriving area of West Cornwall, this property could be transformed into a charming residence with some investment and vision.

Key opportunities

  • Significantly below local average asking price, providing a strong entry point for renovation.
  • Private rear garden space that can be enhanced for outdoor enjoyment.
  • Opportunity to modernise all interiors, tailoring the space to personal taste.

Key risks

  • The project requires significant refurbishment, which may impact timelines and budget.
  • General wear and need for modernisation observed throughout the property.

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Map

Location

Penalverne Crescent, Penzance
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£378
Based on a loan of £75,000 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

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