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Tredavoe, Newlyn, Penzance TR20

South West

£300,000
Listed on 11/09/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1581 sqft

Description

Nestled in the tranquil hamlet of Tredavoe, just a short distance from Newlyn, this reverse-level home presents a significant opportunity for renovation and investment. The layout features three bedrooms, including two spacious doubles and a single, along with a family bathroom on the ground floor. Internal access leads to the garage, which offers additional potential for reconfiguration or expansion. The first floor is dedicated to living space, highlighted by a kitchen that benefits from dual-aspect windows, allowing ample natural light to fill the room. Adjacent are the dining and living areas that are designed to take advantage of the elevated position, providing pleasant views of the surrounding landscape. Although the residence needs comprehensive renovation, its current condition allows for extensive customization to meet modern living standards or personal tastes. Externally, the property boasts off-road parking and a wrap-around garden that enhances privacy while offering versatile outdoor space for landscaping or additional features. The garden's boundaries are established with walls and hedges, providing seclusion and potential for enhancement through gardening or outdoor seating areas. Tredavoe is situated within close proximity to Newlyn, a vibrant traditional fishing village known for its year-round amenities such as independent cinemas, specialty food shops, restaurants, and pubs. Moreover, Penzance is nearby and provides convenient transport links to other regions via its railway station. This property's renovation potential not only promises an outstanding home but also positions it as an appealing investment in a desirable locale that’s experiencing increasing interest from buyers looking for unique opportunities in this scenic part of Cornwall.

Investment Analysis

(TR20 area)

Below Market Value

This property is priced -48.1% below area average per sq ft

-48.1%
Potential saving
This Property
£190/sq ft
Area Average
£366/sq ft

Renovation Potential

Est. Renovation Cost
£30,000 - £75,000
10-25% of property value
Target Value
£635,815
10% above area average per sq ft
Potential ROI
+69.6%
After renovation
Monthly Sales
5
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TR20)

Area prices are rising by +2.5% over the last 12 months
3 year growth: 2.8%
5 year growth: 21.9%
Investment Disclaimer: Analysis based on TR20 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

Tredavoe, Newlyn, Penzance TR20
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