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Rear Of Wesley Street, Heamoor, Penzance TR18 - Image 1
Rear Of Wesley Street, Heamoor, Penzance TR18 - Image 2
Rear Of Wesley Street, Heamoor, Penzance TR18 - Image 3

Rear Of Wesley Street, Heamoor, Penzance TR18

South West

£180,000
Listed on 17/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property offers significant potential for renovation and development, providing a unique opportunity for investors and those looking to create a personalized space. The freehold includes a versatile workshop and a spacious garage, both of which incorporate essential utilities such as power, making them suitable for various projects or rental arrangements. Located in Heamoor, a quaint village just a mile from the vibrant town of Penzance, this property is surrounded by numerous local amenities. Residents benefit from access to both primary and secondary schools, a village shop, pub, church, and chemist—all within walking distance. Additionally, Penzance's town center can be reached in about 10-15 minutes via an underpass, simplifying access to more extensive shopping and dining options. The nearby Bone Valley provides excellent opportunities for scenic country walks. The two-story workshop features durable block and stone construction beneath a recently replaced pitched slate roof. The ground floor is equipped with an up-and-over door for ease of access, complemented by separate side and front entrances on the upper level. This building was formerly used as residential space, suggesting additional possibilities for conversion. Currently rented out at £55 per week each, the two workshop spaces offer immediate income while maintaining plenty of room for future enhancements. The large garage, measuring 5.33m x 3.84m and generating £25 per week in rent, also features an up-and-over door—adding to the practicality of the property. Overall, this property not only holds promise as an investment but also presents the chance to transform it into something truly unique in an appealing location.

Investment Analysis

(TR18 area)
Area Average
£316/sq ft
Avg Rent (weekly)
£220
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (TR18)

Area prices are falling by +4.4% over the last 12 months
3 year growth: -4.6%
5 year growth: 17.4%
Investment Disclaimer: Analysis based on TR18 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Rear Of Wesley Street, Heamoor, Penzance TR18
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£659
Based on a loan of £135,000 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE