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Newmill TR20

South West

£950,000
Listed on 15/04/2026

Property Details

Bedrooms
5
Type
Semi Detached
Area
1765 sqft

Description

This semi-detached granite farmhouse, nestled in an elevated setting with stunning views over West Penwith and Mount's Bay, offers a unique opportunity for renovation. With five bedrooms and approximately 70 acres of varied farmland including grassland, arable areas, and moorland, this property presents significant investment potential. Located just a short drive from Penzance, Higher Crankan is part of a charming development featuring similar granite homes. The spacious accommodation includes a large lounge/dining room with traditional features such as an inglenook fireplace, a functional kitchen area with utility space, and generous bedrooms on both levels. While the property requires refurbishment to realize its full potential as a family home or investment opportunity, the existing structure offers a solid foundation for modern updates and enhancements. Notably, there is also a derelict barn that could be developed subject to planning permissions. The land is easily accessible via a private lane and split into smaller fields suitable for various agricultural uses. This property not only promises substantial living space but also encompasses beautiful outdoor settings within an Area of Outstanding Natural Beauty.

Investment Analysis

(TR20 area)

Above Market Value

This property is priced +52.2% above area average per sq ft

+52.2%
This Property
£538/sq ft
Area Average
£354/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£686,514
10% above area average per sq ft
Potential ROI
-35.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (TR20)

Area prices are rising by +9.9% over the last 12 months
3 year growth: +3.0%
5 year growth: +12.8%
Investment Disclaimer: Analysis based on TR20 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

Newmill TR20
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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
£3,365
Based on a loan of £712,500 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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