Summary - Bolitho Road, Heamoor, TR18 TR18 3EH
1 bed 1 bath Land
Rare freehold development plot with immediate rental income and parking in Heamoor near Penzance.
Full planning permission for 4 x 3-bed houses (PA25/01601)
A rare freehold development plot in Heamoor with full planning permission (PA25/01601) to build four three-bedroom family homes, each with front and rear gardens and parking. The existing garages produce a current rental income of £16,000 per year; two further garages are vacant, offering short-term income uplift or vacant possession for redevelopment.
The site sits a short walk from Penzance town centre and local amenities including schools, shops and bus links, making it suitable for family homes or a rental portfolio. Flood risk is listed as none and local crime levels are low, which supports tenant appeal and resale value.
Buyers should note practical constraints: the plot is small and requires demolition of the existing garages before construction. Broadband speeds are very slow in the area, which could affect appeal for home-workers and may require investment in alternative connectivity. Planning is in place, but build costs, local approvals and site preparation will be required to deliver the approved scheme.
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