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Penalverne Avenue, Penzance, Cornwall, TR18 - Image 1
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Penalverne Avenue, Penzance, Cornwall, TR18 - Image 3

Penalverne Avenue, Penzance, Cornwall, TR18

South West

£230,000

Listed on 30/09/2026

The listing

Property details

Bedrooms
3
Type
End Of Terrace
Area
858 sqft

Description

This three-bedroom semi-detached house is situated in a convenient residential area, offering a blank canvas for buyers eager to create a home that reflects their personal style. The property is in need of full modernisation throughout, making it an excellent opportunity for first-time buyers, investors, or those looking for a renovation project. The ground floor features a bright lounge, a kitchen, a shower room, and an additional reception room that can serve as a dining area, home office, or even a third bedroom. Upstairs, you will find two bedrooms along with a family bathroom. Externally, the property includes a driveway for off-road parking at the front and an enclosed rear garden that presents great potential for landscaping and outdoor enjoyment. With its spacious layout and flexible living spaces, this home represents a superb opportunity to add value through refurbishment in the sought-after location of Penzance. Early viewing is recommended to fully appreciate the potential this property has to offer.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

54out of 100
Grade DWeak opportunity

Confidence: MEDIUM

This three-bedroom semi-detached home in Penzance presents a compelling opportunity for buyers seeking a renovation project. The asking price of £230,000 is notably cheap compared to the local average of £309/sqf, making this a strong entry point for those looking to acquire and improve a property. The flexible living space offers potential to create a home tailored to personal tastes, with an enclosed garden ripe for landscaping.

However, the property requires significant refurbishment throughout, with dated interiors and visible wear across all rooms. The combined all-in cost of £310,000, including the renovation range of £40,000–£120,000, stretches the budget against local benchmarks for this floor area, presenting a challenge for potential margins. While the location and fundamentals are strong, buyers should be aware of the economic constraints when considering this home as an investment.

Key opportunities

  • Flexible living space allows for varied uses, whether as a family home or investment property.
  • Enclosed garden presents an opportunity for landscaping and outdoor enhancement.
  • Dated interiors offer a blank canvas for personalisation and value creation.

Key risks

  • The all-in costs may be stretched against local benchmarks, impacting potential profitability.

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Map

Location

Penalverne Avenue, Penzance, Cornwall, TR18
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Finance

Mortgage calculator

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

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£869
Based on a loan of £172,500 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.

Tax

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

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