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Picture No. 29
For sale
£425,000

New Street, Penzance, TR18 2LZ

3bedrooms
3bathrooms
End of Terracetype
Freeholdtenure

Listed 21 Sept 2026 · Penzance

How the price compares

This home£425,000
Median 3 bed in TR18£300k86 homes listed · £323 per sq ft
Difference+42%above the area median

Key features

  • Chain free and vacant possession
  • Mixed commercial and residential property
  • Commercial shop/showroom at ground-floor level
  • Further office and kitchen/workshop
  • Ground-floor WC and shower room
  • Three-bedroom residential accommodation above
  • First-floor living room and kitchen
  • En-suite to principal bedroom
  • Additional bathroom
  • Two further bedrooms on the second floor

About this home

A particularly individual and stylish mixed-use property in the heart of Penzance, combining a commercial ground floor with beautifully presented residential accommodation above. Chain free and to be sold with vacant possession, the property offers approximately 1,518 sq ft of versatile accommodation arranged over three floors. The building has a really distinctive feel throughout, with a contemporary, design-led interior that works brilliantly alongside the period character of the property. The current layout provides a commercial space at ground-floor level, while the upper floors form a spacious three-bedroom home. The ground floor is presently arranged as a shop/showroom, with a further office area behind and a substantial kitchen/workshop extending towards the rear. There is also a separate WC and shower room. A former internal doorway between the commercial and residential sections remains in place and could potentially be reinstated, allowing the two parts of the building to connect internally if required, subject to any necessary consents. To the rear is a useful covered courtyard, providing an additional sheltered outside area and further flexibility for storage or day-to-day use. On the first floor is a generous double bedroom with en-suite facilities, together with a separate bathroom, living room and kitchen. The accommodation continues to the second floor where there are two further bedrooms. The interiors are one of the real highlights of the property, with warm timber flooring, bold but considered colours and bespoke contemporary detailing giving the whole building a cool, creative feel without detracting from its period origins. Its mixed-use arrangement makes it particularly versatile, whether continuing with a commercial element below and residential accommodation above, or simply making use of the considerable space in a way that suits the next owner.

Situated in a residential area in central Penzance, within a stone’s throw of Market Jew Street and Chapel Street, this property presents a rare opportunity for those seeking a characterful workshop or project with potential (subject to the necessary consents).

Fully single-glazed wooden door:

Ground Floor

Gallery/Studio 4.57m x 4m Lighting, wooden flooring, shop frontage, fitted storage, Period tiling in entrance hall. Exposed stone. 2 Double wooden single-glazed windows to front.

Reception/Office 4.52m x 3.9m

Single-glazed wooden window to rear, single-glazed wooden window frosted to side, wooden flooring.

Kitchen/Utility Area 2.74m x 5.18m 2 Single-glazed wooden window to side, space for tumble dryer, and under counter freezer, and plumbing and space for washing machine. Water unvented storage system, shelving. Sink with taps and worktops over, power points, alcove with storage. Fitted cupboards.

Stable wooden door into:

Courtyard Wooden gate, Belfast sink, tap. Room for mature plants and shrubs. Lovely patio area. Shelving.

Hallway Stairs rising upto first floor. Single-glazed wooden window to side, wooden door with access into:

Entrance Hall Stairs rising to:

Sliding door into:

Shower 0.91m x 1.24m Heated towel rail, shower panelled, shower with tray, and shower.

W/C 0.86m x 1.22m Wash hand basin, w/c, frosted single-glazed wooden window to rear, shelving.

Outside to Side Washing line. Wall marking the boundary, gate with access onto New Street.

Flat Stairs rising to:

Hallway Alcove with storage, electric consumer unit.

Landing Hallway. Electric consumer unit . Stairs rising to:

First Floor

Bedroom 3 3.96m x 4.27m Wooden flooring, radiator, deep skirting boards, single-glazed wooden window to side, single-glazed wooden window to front, power points.

En-Suite 2.08m x 0.9m Wash hand basin, w/c, heated towel rail. Part-tiled. Shower cubicle with electric shower.

Lounge/Diner 3.63m x 3.66m Wooden flooring, radiator. Single-glazed wooden window to side, single-glazed wooden window to side rear with countryside glimpse, power points.

Bathroom 2.13m x 1.83m Heated towel rail, w/c, wash hand basin, 3/4 tiled, bath with shower taps, vinyl floor, frosted wooden single-glazed window to side. Door into cupboard with shelving.

Kitchen 2.74m x 3.05m Power points, radiator, boiler. Fitted base and eye level units with worktops over, sink with mixer tap, and drainer. Wooden single-glazed window to side, integrated dishwasher, integrated fridge. Lamona electric hob with extractor over, integrated oven, fitted shelving to one wall. Space for table/chairs.

Landing

Single-glazed wooden window to side, cupboard housing meters.

Stairs rising to:

Second Floor

Bedroom 1 4.5m x 4.24m Wooden single-glazed window to side with sea glimpse, single-glazed window to side, radiator.

Bedroom 2 2.4m x 3.07m Radiator, wooden flooring, storage into eaves. Wooden sash single-glazed window to side with incredible view of St. Michaels' Mount, St. Marys Church and across to Marazion.

Council Tax: Band

Services: Electricity, mains drainage. Heating - downstairs electric. Upstairs - Mains gas.

Property details

Property type
End of Terrace
Council tax band
TBC
Tenure
Freehold
Garden
Yes

Floorplan

Picture No. 03

Location

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  • Penzance Station0.3 mi
  • St. Erth Station5.5 mi
  • Lelant Saltings Station5.9 mi

What nearby homes sold for

Median sold prices in TR18 over the last 12 months: terraced £245k · flat £161k · semi-detached £285k · detached £400k.

AddressTypeSoldPrice
35 New Street
Penzance TR18 2NA
Terraced
Freehold
20 Jan 2026£126,000
36 New Street
Penzance TR18 2NA
Terraced
Freehold
8 Dec 2025£50,000
38 New Street
Penzance TR18 2NA
Terraced
Freehold
31 Oct 2025£255,000
Rosemary Cottage, Abbey Mews, New Street
Penzance TR18 2NE
Flat
Leasehold
25 Apr 2025£290,000
26 New Street
Penzance TR18 2NE
Flat
Leasehold
27 Mar 2025£173,000
31 New Street
Penzance TR18 2NA
Terraced
Freehold
26 Mar 2025£272,500
2 New Street
Penzance TR18 2LZ
Terraced
Freehold
29 Apr 2024£280,000
25a, New Street
Penzance TR18 2NE
Semi-detached
Leasehold
12 Jan 2024£265,000

Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in TR18

Buying costs

Monthly repayment£2,126£42,500 deposit · £382,500 loan
Stamp Duty£11,250England rates

Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.

Listed by Stacey Mann Estates, Penzance on Rightmove (original listing). First listed 21 Sept 2026; details checked 7 Nov 2026. Latest change: added on 21/09/2026.

Agent disclaimer

Disclaimer - Property reference SME260365. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Stacey Mann Estates, Penzance. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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