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Tremenheere Road, Penzance TR18 - Image 1
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Tremenheere Road, Penzance TR18

South West

£350,000
Listed on 04/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1335 sqft

Description

This spacious semi-detached family home in the culturally rich town of Penzance offers a remarkable opportunity for renovation and personalization. Ideally positioned within this historic market town, the property stands as an authentic blank canvas, inviting new owners to reimagine its potential. It requires significant updating throughout, making it an ideal project for those looking to invest in a substantial family residence. Spread over two floors, the layout includes a lounge, dining room, conservatory, kitchen, utility room, and a WC on the ground floor. The first floor features three bedrooms alongside a bathroom. Outside, the generous garden is adorned with mature trees and shrubs, while additional amenities include a greenhouse, workshop, and garage. The property is situated in Penzance, known for its vibrant community atmosphere and flourishing arts scene. Residents enjoy easy access to local boutiques, galleries, eateries, and stunning coastal views of Mount's Bay. Transport links are excellent with direct services to London Paddington via the mainline rail. Please note that this property is part of a deceased estate; therefore, sellers have limited knowledge regarding its internal systems or maintenance history.

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -16.9% below area average per sq ft

-16.9%
Potential saving
This Property
£262/sq ft
Area Average
£316/sq ft
Avg Rent (weekly)
£215
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£463,312
10% above area average per sq ft
Potential ROI
+7.7%
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

Tremenheere Road, Penzance TR18
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,240
Based on a loan of £262,500 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.

Stamp Duty Calculator

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