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Art Gallery Terrace, Newlyn TR18 - Image 1
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Art Gallery Terrace, Newlyn TR18

South West

£225,000
Listed on 26/08/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
997 sqft

Description

This charming two-bedroom home is nestled in a desirable row of properties, offering a unique opportunity for renovation enthusiasts and investors alike. While the house currently requires updating, its classic features and layout present a solid foundation for modern enhancements and personal touch. Inside, the property includes two reception rooms that provide versatile spaces for living and dining. The living room boasts a bay window that frames picturesque sea views, complemented by an open fire with a period tiled surround, adding character to the home. The dining room features a traditional fireplace and handy alcove storage, setting the stage for cozy gatherings. The kitchen offers practical amenities with the potential to be transformed into a contemporary culinary space. A separate utility room adds convenience, featuring plumbing for modern appliances. Adjacent to these areas is a sunroom that opens to the rear courtyard, perfect for enjoying natural light. On the first floor, two bedrooms are equipped with former fireplaces and electric radiators, maintaining the home's historical charm while awaiting updates. The main bedroom benefits from stunning front-line sea views across to Marazion. Additionally, there’s an attic room accessible via a pull-down ladder, equipped with Velux windows that present opportunities for further development. The location enhances this property's appeal; situated close to Newlyn Green and just a short walk from Penzance's vibrant waterfront, residents can enjoy easy access to local amenities including independent shops, eateries, and cultural venues such as an independent film house. Newlyn’s growth as a sought-after residential area makes this property not only suitable for those looking to create their dream home but also presents significant investment potential in a thriving coastal community. With no onward chain, this property invites new owners to envision its future possibilities while appreciating its current charm. Its backyard courtyard provides practical outdoor space alongside connections to essential services such as electricity and mains water.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -28.7% below area average per sq ft

-28.7%
Potential saving
This Property
£226/sq ft
Area Average
£316/sq ft
Avg Rent (weekly)
£258
Avg Yield
4.4%

Renovation Potential

Est. Renovation Cost
£22,500 - £56,250
10-25% of property value
Target Value
£347,051
10% above area average per sq ft
Potential ROI
+23.4%
After renovation
Monthly Sales
19
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (TR18)

Area prices are rising by +3.6% over the last 12 months
3 year growth: 0.5%
5 year growth: 24.5%
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

Art Gallery Terrace, Newlyn TR18
Map showing location of Art Gallery Terrace, Newlyn TR18
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