Tolcarne Terrace, Newlyn, Penzance
South West
£245,000
Listed on 01/10/2026
Listed on 01/10/2026
The listing
Property details
Bedrooms
1Type
TerracedArea
834 sqftFeatures
- Garden
- Parking
Description
This freehold double-fronted cottage is set in Newlyn, a short level walk from local shops and close to the seafront. The one-bedroom layout places the kitchen and dining area, bedroom and shower room on the ground floor, with a first-floor living room arranged to take in views across Mount's Bay and Newlyn harbour. A spacious landing may also provide room for a small office area.
The property is described as requiring refurbishment, offering scope to update the accommodation. Outside, a large level lawned garden includes a workshop and stone storage shed, with access to a service lane. A parking space is provided at the front. Mains water and gas are connected, the council tax band is B and the EPC rating is D. The property is available chain free.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
51out of 100
Grade DWeak opportunity
Confidence: MEDIUM
This Newlyn cottage has a distinctive project canvas: a first-floor living room with sea and harbour views, a substantial level garden, a workshop and front parking, all close to the seafront and village shops. The dated finishes and worn floors create scope to update the kitchen/diner and shower room, refresh the interiors and bring the garden and workshop back into shape. The £245,000 asking price is about 5% below the local £/sqf average, which is favourable, but the numbers are still tight: purchase plus the renovation midpoint comes to around £280,000, above the implied local-average benchmark of £258,040. That benchmark is not a renovated valuation, so the project may still appeal to someone who can manage the works and see value in its setting and outdoor space.
Key opportunities
- Update the dated kitchen/diner and shower room, and refresh finishes and flooring across the property.
- Make the most of the first-floor living room’s sea and harbour views, with the landing offering potential as an office.
- Restore the substantial level garden and weathered workshop as useful outdoor space.
Key risks
- Marks or staining are visible near a lower wall, and wear is apparent in several areas; investigate the cause and extent during inspection.
- Purchase and refurbishment costs look tight against local benchmarks, so the project’s eventual value needs careful assessment.
Unlock the full analysis
Sign up to see the refurb profile, below-market value, yields, and local market trends for this and every other property that has them.
Sign up freeAlready have an account? Sign in
Interested in similar properties?
Create an alert and we'll notify you when similar renovation opportunities are listed.
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
£926
Based on a loan of £183,750 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.
Services
Next steps
Explore services to help you with this property purchase.
Get help with this property
Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.
Nearby
Similar properties
Other listings you may want to compare.
