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Adelaide Street, Penzance, Cornwall TR18 - Image 1
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Adelaide Street, Penzance, Cornwall TR18

South West

£200,000
Listed on 10/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
969 sqft

Description

This three-bedroom mid-terrace property on Adelaide Street presents a promising opportunity for those seeking to invest in a home with substantial renovation potential in Penzance. The spacious ground floor features a sizable living area that flows into a long kitchen/diner, currently set up for family meals but ripe for reconfiguration. The layout could be transformed into a modern open-plan space, allowing the new owner to create a contemporary living environment tailored to their preferences. Upstairs, the home boasts three well-proportioned bedrooms—a rarity among similar homes—accompanied by a compact family bathroom that includes both a bathtub and separate shower. Outside, there is a small patio ideally suited for minimal upkeep, along with an attached lean-to porch providing additional storage or utility space. While the property requires modernization throughout, its strong structural aspects and generous room sizes give it significant potential as a renovation project. This is an excellent choice for buyers looking to craft a personalized living space in a convenient town setting.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -34.5% below area average per sq ft

-34.5%
Potential saving
This Property
£206/sq ft
Area Average
£315/sq ft
Avg Rent (weekly)
£217
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£335,759
10% above area average per sq ft
Potential ROI
+39.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TR18)

Area prices are stable by +1.2% over the last 12 months
3 year growth: -3.1%
5 year growth: +18.6%
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

Adelaide Street, Penzance, Cornwall TR18
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£714
Based on a loan of £150,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

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