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Redinnick Place, Penzance, Cornwall TR18 - Image 1
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Redinnick Place, Penzance, Cornwall TR18 - Image 5
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Redinnick Place, Penzance, Cornwall TR18 - Image 8
Redinnick Place, Penzance, Cornwall TR18 - Image 9
Redinnick Place, Penzance, Cornwall TR18 - Image 10
Redinnick Place, Penzance, Cornwall TR18 - Image 11

Redinnick Place, Penzance, Cornwall TR18

South West

£235,000
Listed on 11/09/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
807 sqft

Description

This end-of-terrace property presents a solid foundation for renovation and investment, offering significant potential for updating and expansion. The layout includes two bedrooms, along with a sizeable courtyard that could be transformed into an attractive outdoor space. One notable feature is the garden room, which could be redeveloped into an extension, subject to necessary consents—providing an opportunity to enhance both living space and property value. The property benefits from its location in the market town of Penzance, nestled in a sheltered corner of Mounts Bay in South West Cornwall. This area combines the charm of a coastal community with access to essential amenities such as schools, healthcare facilities, banks, shops, and varied dining options. Notable local attractions include the renowned Jubilee Pool and Morrab Gardens, while nearby towns like Newlyn and Marazion are conveniently located within a few miles. The beautiful beaches of Sennen and Porthcurno and the artistic hub of St Ives are also just a short drive away. Upon entering the home, you’ll find an entrance porch leading to a hallway with original features. The diner room boasts an open fireplace flanked by granite walls, adding character to the space. The lounge mirrors this cozy aesthetic with its own fireplace setup. The kitchen provides functional cabinetry and workspace, along with access to the rear garden—ideal for potential upgrades. Upstairs, two bedrooms offer comfortable accommodation; notably, one bedroom features built-in storage that optimizes space. Outside, the front has a low wall boundary with a gravelled area leading up to the entrance. The rear courtyard is substantial and encased by high walls for privacy; it includes a former outhouse that can be repurposed or renovated for additional utility. With electric heating throughout and high-speed broadband availability (up to 1600 Mbps), this property is not only functional but also poised for transformation. Given its location and existing features, it represents an appealing opportunity for investors or those looking to create their ideal home through thoughtful updates.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -8.6% below area average per sq ft

-8.6%
Potential saving
This Property
£291/sq ft
Area Average
£319/sq ft
Avg Rent (weekly)
£237
Avg Yield
4.1%

Renovation Potential

Est. Renovation Cost
£23,500 - £58,750
10-25% of property value
Target Value
£282,954
10% above area average per sq ft
Potential ROI
-3.7%
After renovation
Monthly Sales
12
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TR18)

Area prices are rising by +6.2% over the last 12 months
3 year growth: 3.5%
5 year growth: 26.5%
Investment Disclaimer: Analysis based on TR18 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Redinnick Place, Penzance, Cornwall TR18
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