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Newlyn, Penzance TR18

South West

£475,000

Listed on 10/05/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
1215 sqft

Description

This three-bedroom detached property presents an excellent opportunity for those looking to invest in a home that requires modernization. Nestled in the picturesque fishing village of Newlyn, it boasts stunning views over Penzance and beyond, making it an appealing project for both residential living and rental potential. The property features uPVC double glazing and includes off-road parking for multiple vehicles alongside a garage. Inside, you will find a kitchen/dining area, a spacious sitting room with dual aspects showcasing beautiful vistas, as well as two double bedrooms and a bathroom on the ground floor. A further double bedroom with an ensuite enjoys elevated views on the first floor. The space could benefit from updating but offers the promise of transformation into a modern family home or holiday let. Additionally, you will have access to a lower ground utility room and ample under-stair storage. Outside, the tiered garden is predominantly laid to lawn with lovely seating areas perfect for enjoying the coastal scenery. Given its prime location and potential for improvement, early viewings are recommended to fully appreciate what this property has to offer.

Investment Analysis

(TR18 area)

Above Market Value

This property is priced +24.1% above area average per sq ft

+24.1%
This Property
£391/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
£420,998
10% above area average per sq ft
Potential ROI
-18.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Newlyn, Penzance 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
£1,695
Based on a loan of £356,250 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

Price History

-4.0% since listed
£475,000£20,000(-4.0%)
23/04/2026
Current price
£495,000Initial listing
20/03/2026

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