21 Penare Road, Penzance, Cornwall, TR18 3AJ

Lot 11 · TR18 3AJ · Auction House South West · South West

£242,000guide price
Residential
21 Penare Road, Penzance, Cornwall, TR18 3AJ
Photo: Auction House South West catalogue

Pre-bid risk check

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Two signals already stand out. The £19 pack checks them against official sources, then adds planning, licensing, flood, sold-price context and our own repeat-lot history. It is not a legal opinion.

EPC G

This is an immediate rental-readiness flag. Confirm current certificate status before bidding.

medium confidence, Auction listing enrichment

Freehold listed

The listing indicates freehold tenure. Confirm against title and special conditions.

medium confidence, Auction listing

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About this lot

5 Bed Town House

GUIDE PRICE £220,000 (Plus Fees). For Sale by Unconditional Online Auction. Bidding commences 10/4/23 at 13.00 and closes 24 hours later. A large town house with sea views in Penzance that was previously run as a house of multiple occupancy. Character Period Town House Requiring Modernisation This property in Penare Road has most recently been used as an HMO and could be reinstated as such with some remedial works. However, it would also suit transformation into a family home. Outside there is the useful garage to the rear and sea views from the garden and rear bedroom. Given that there is accommodation arranged over four floors it could suit conversion into a block of apartments subject to the necessary consents. Accommodation in brief: You enter the property into an entrance porch which leads through into the hallway with stairs rising up to the first floor and doors off the reception rooms. The sitting room enjoys a bay window to the front aspect and door through into a potential dining room but most recently used as a bedroom with plumbing in place. To the rear of the property there is a ground floor shower room, further reception room and kitchen which could be combined to create a larger family space. To the first floor there are three bedrooms and two shower rooms. Each of the bedrooms has plumbing in place for vanity units/kitchenettes. There is an additional room which…

From the Auction House South West listing. Read the full listing and legal pack →

Key facts

11Lot number
ResidentialUse class
FreeholdTenure
GEPC

Recent sold prices nearby

4 registered sales in this postcode sector over the last two years, straight from HM Land Registry. What nearby properties actually sold for — not what they were guided at.

2 CH***** PL***TR18 3LS£101,000
16 HO*** TE*****TR18 3EL£103,000
6 LA***** RO**TR18 3AB£266,000

1 more sale with full addresses, sale dates and prices — including any prior sale of this exact lot.

Contains HM Land Registry data © Crown copyright and database right 2026, licensed under the Open Government Licence v3.0. Sales typically register 6–12 weeks after completion, so very recent transactions may not yet appear.

Renovation upside in TR18

Evidence from 315 properties in this postcode district that sold twice with material uplift — the signature of value-add work between sales.

+64.2%median uplift
£62,000typical value added
4.5 yearstypical hold period

See 315 example projects — real before/after sale pairs with postcodes, prices and dates. Plus the planning applications that likely explain each uplift.

Derived from 315 registered sale pairs in TR18 where the property gained ≥15% between two arms-length sales (HM Land Registry Price Paid data, OGL v3.0). The planning applications visible above may explain individual uplifts. Past performance is not a guarantee of future returns.

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