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House Prices in TR18

The average house price in TR18 (Penzance) is £414,333 using HM Land Registry data.

The average property price increased by £7,702 (9.36%) over the last 5 years and increased by £1,540 (1.74%) over the last 12 months.

Over the last year, there were 194 residential property sales – a decrease of 112 transactions (-57.73%) relative to the previous year. The majority of house sales (50) were in the £150,000 - £218,000 range. Then came properties in the £218,000 - £286,000 range, where 43 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 52 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-14,649 (-4%).

In Jul 2026, there were 70 new estate agency instructions, 46 agreed home sales and 55 property price reductions.

5-Year Average Property Prices in TR18 (Penzance)

9.36%

Property prices in TR18 (Penzance) increased by 9.36% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in TR18 (Penzance) Over the Last Year

1.74%

Property prices in TR18 (Penzance) increased by 1.74% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for TR18 (Penzance) - Jul 2026

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in TR18 (Penzance)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in TR18 (Penzance)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in TR18 (Penzance)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the TR18 (Penzance) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the TR18 postcode area since 1995.

Recent Sales in TR18 (Penzance)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Flat 24, Penrose Court, Chyandour Cliff, Penzance, TR18 3LG	£360,000	£355,000	-£5,000	09 Jul 2025	20 May 2026	315 Days
33 Treveneth Crescent, Penzance, TR18 5NG	£230,000	£227,500	-£2,500	31 Oct 2025	22 Apr 2026	173 Days
2 Lansdowne Close, Penzance, TR18 4RJ	£320,000	£295,000	-£25,000	06 Jun 2025	13 Apr 2026	311 Days
29 Tolver Road, Penzance, TR18 2AQ	£345,000	£345,000	£0	19 Dec 2025	27 Mar 2026	98 Days
4 Chywoone Place, Penzance, TR18 5NW	£170,000	£160,000	-£10,000	28 Jun 2025	27 Mar 2026	272 Days
15 Rosevale Estate, Penzance, TR18 4NF	£450,000	£450,000	£0	06 Nov 2025	27 Mar 2026	141 Days
50 St James Street, Penzance, TR18 2BU	£200,000	£200,000	£0	09 Jun 2025	27 Mar 2026	291 Days
40 Cardinnis Road, Penzance, TR18 4RP	£279,500	£265,000	-£14,500	17 Dec 2025	26 Mar 2026	99 Days
29 Pendarves Road, Penzance, TR18 2AJ	£700,000	£660,000	-£40,000	04 Jun 2025	24 Mar 2026	293 Days
9 Camberwell Vean, Penzance, TR18 2FQ	£108,000	£108,000	£0	25 Apr 2025	23 Mar 2026	332 Days
3 Mount's Bay Lodge, New Town Lane, Penzance, TR18 2FJ	£220,000	£210,000	-£10,000	01 Sep 2025	23 Mar 2026	203 Days
Norwood, Bay View Villas, Penzance, TR18 4HU	£650,000	£640,000	-£10,000	26 Aug 2025	12 Mar 2026	198 Days
14 Alverne Buildings, Penzance, TR18 2RR	£190,000	£190,000	£0	27 Nov 2025	06 Mar 2026	99 Days
2 Ebenezer Place, Penzance, TR18 5ER	£175,000	£156,000	-£19,000	15 Jul 2025	26 Feb 2026	226 Days
5 Redinnick Terrace, Penzance, TR18 4HR	£275,000	£270,000	-£5,000	06 May 2025	25 Feb 2026	295 Days
6 Helnoweth Cottages, Penzance, TR18 3BS	£475,000	£460,000	-£15,000	08 Aug 2025	23 Feb 2026	199 Days
1 Gwithel Gwavas, Penzance, TR18 5LT	£400,000	£365,000	-£35,000	25 Jun 2025	20 Feb 2026	240 Days
22 Wharfside Village, Wharf Road, Penzance, TR18 2GA	£280,000	£280,000	£0	01 Sep 2025	05 Feb 2026	157 Days
9 Park Road, Penzance, TR18 5DZ	£245,000	£238,000	-£7,000	02 Oct 2025	03 Feb 2026	124 Days
47 St James Street, Penzance, TR18 2BU	£230,000	£225,000	-£5,000	30 Jul 2025	23 Jan 2026	177 Days

Most Expensive Streets in TR18 (Penzance)

Postcode	Street	Area	Average	No. of Sales
TR18 4DJ	South Parade	Penzance	£730,333	3
TR18 4DW	Regent Terrace	Penzance	£622,166	3
TR18 4NY	Laregan Hill	Penzance	£598,125	4
TR18 4PA	Mount Lidden	Penzance	£588,333	3
TR18 4SN	North Parade	Penzance	£575,000	3
TR18 4LG	Kings Road	Penzance	£568,333	3
TR18 4SH	North Parade	Penzance	£566,750	4
TR18 5QP	Restormel Road, Newlyn	Penzance	£556,250	4
TR18 5DU	Gurnick Estate, Newlyn	Penzance	£545,000	4
TR18 2AY	Trevidren, Lescudjack	Penzance	£540,625	4

Least Expensive Streets in TR18 (Penzance)

Postcode	Street	Area	Average	No. of Sales
TR18 3DW	The Flats, Jelbert Way	Penzance	£79,071	7
TR18 3DP	The Chalets, Jelbert Way	Penzance	£85,166	3
TR18 2PS	Prospect Place	Penzance	£113,166	3
TR18 2EH	The Barn, Bread Street, Penzance	Penzance	£118,214	7
TR18 2BQ	Bakehouse Apartments, High Street, Penzance	Penzance	£120,000	4
TR18 2SH	The Greenmarket	Penzance	£123,000	3
TR18 2HZ	Johns Place, Market Jew Street, Penzance	Penzance	£124,000	3
TR18 4JH	Chycelin, Alverne Buildings	Penzance	£125,750	6
TR18 2EZ	Leskinnick Place	Penzance	£132,520	12
TR18 2TB	Trafalgar Court, Road From Leskinnick Terrace To Chyandour Cliff	Penzance	£134,250	19