Worst House on the Street Logo
Penlee Street, Penzance, Cornwall TR18 - Image 1
Penlee Street, Penzance, Cornwall TR18 - Image 2
Penlee Street, Penzance, Cornwall TR18 - Image 3

Penlee Street, Penzance, Cornwall TR18

South West

£215,000
Listed on 04/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
593 sqft

Description

This two-bedroom terraced house is positioned centrally in Penzance, making it an excellent candidate for renovation and investment. Its prime location offers convenient access to local amenities, including shops, public transport links, schools, and nearby beaches. The ground floor features a spacious lounge diner and a modern kitchen that leads out to a rear courtyard, offering potential for outdoor enhancements. The family bathroom complements the living space well. Upstairs, you'll find two generously sized double bedrooms which can be updated to increase their appeal. Notably, the property comes with planning permission for the demolition of the existing rear extension and a partial two-storey replacement (PA25/00949), opening the door for further development and additional kitchen space. Recent electrical upgrades also ensure compliance with safety standards. This property presents an appealing opportunity for first-time buyers or investors looking to capitalize on its renovation potential.

Investment Analysis

(TR18 area)

Above Market Value

This property is priced +14.9% above area average per sq ft

+14.9%
This Property
£363/sq ft
Area Average
£316/sq ft
Avg Rent (weekly)
£215
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£205,801
10% above area average per sq ft
Potential ROI
-19.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (TR18)

Area prices are stable by -0.3% over the last 12 months
3 year growth: -2.4%
5 year growth: +20.7%
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

Penlee Street, Penzance, Cornwall TR18
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£761
Based on a loan of £161,250 over 30 years at 3.91% 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.