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St Marys Street, Penzance TR18

South West

£150,000

Listed on 06/06/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This granite terraced townhouse presents a unique opportunity for renovation-savvy buyers, situated in Penzance with no onward chain. Currently configured as two separate living units, it features a spacious two-bedroom home above and a studio apartment below, accessible via the rear courtyard. The property is in need of refurbishment, making it an ideal project for investors looking to add value. The ground floor includes an open-plan living area with kitchen and a bathroom that already has essential fixtures in place. Upstairs, two bedrooms await your personal touch, while the basement flat contains a functional kitchenette and shower room. Given its layout and location, this property holds excellent potential for generating rental income or serving as a family residence after updates are made. With mains gas central heating and full fibre broadband available, modern amenities are at your fingertips once the renovation is complete.

Investment Analysis

(TR18 area)
Area Average
£312/sq ft
Avg Rent (weekly)
£244
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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
7%
Properties sold annually

Local Market Trend (TR18)

Area prices are rising by +4.6% over the last 12 months
3 year growth: +0.2%
5 year growth: +21.6%
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

St Marys Street, Penzance TR18
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£567
Based on a loan of £112,500 over 30 years at 4.45% 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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