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House Prices in TR20

The average house price in TR20 (Penzance) is £244,333 using HM Land Registry data.

The average property price increased by £1,895 (-5.96%) over the last 5 years and increased by £379 (-1.25%) over the last 12 months.

Over the last year, there were 92 residential property sales – a decrease of 20 transactions (-21.74%) relative to the previous year. The majority of house sales (23) were in the £190,000 - £278,000 range. Then came properties in the £278,000 - £366,000 range, where 14 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 117 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,136 (-3%).

In Jul 2026, there were 40 new estate agency instructions, 18 agreed home sales and 33 property price reductions.

5-Year Average Property Prices in TR20 (Penzance)

-5.96%

Property prices in TR20 (Penzance) decreased by -5.96% 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 TR20 (Penzance) Over the Last Year

-1.25%

Property prices in TR20 (Penzance) decreased by -1.25% 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 TR20 (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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 TR20 (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 TR20 (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 TR20 (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 TR20 (Penzance) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the TR20 postcode area since 1995.

Recent Sales in TR20 (Penzance)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Apartment 4, The Old Sail Loft, Chapel Square, Penzance, TR20 8AL	£200,000	£190,000	-£10,000	16 May 2025	13 May 2026	362 Days
13 Tredinnick, Tregender Road, Penzance, TR20 8DN	£365,000	£350,000	-£15,000	31 Jul 2025	24 Apr 2026	267 Days
Flat 2, 19, Trewartha Road, Penzance, TR20 9ST	£249,500	£249,500	£0	27 Sep 2025	10 Apr 2026	195 Days
Teylu, Poniou Lane, Penzance, TR20 8YE	£450,000	£450,000	£0	05 Dec 2025	08 Apr 2026	124 Days
Croft Haven, A394 Between Helston Road And Carters Downs, Penzance, TR20 9PN	£450,000	£440,000	-£10,000	05 Aug 2025	27 Mar 2026	234 Days
53 Tregurtha View, Goldsithney, TR20 9LU	£210,000	£185,000	-£25,000	11 Oct 2025	10 Mar 2026	150 Days
Ernie Cottage, Red Lane, Penzance, TR20 9PU	£450,000	£445,000	-£5,000	12 Feb 2026	04 Mar 2026	20 Days
Aymon, Eglos Road, Ludgvan, TR20 8HG	£275,000	£275,000	£0	23 Aug 2025	27 Feb 2026	188 Days
Saddle Cottage, The Old Barnyard, Kenegie Manor, Gulval, TR20 8YN	£138,000	£125,000	-£13,000	05 Apr 2025	23 Feb 2026	324 Days
The Old Chapel, Fore Street, Penzance, TR20 8SH	£425,000	£418,500	-£6,500	30 Jun 2025	23 Feb 2026	238 Days
16 Tregender Road, Penzance, TR20 8DN	£400,000	£380,000	-£20,000	13 Jun 2025	16 Feb 2026	248 Days
12 Meadow View, Penzance, TR20 9HB	£399,950	£390,000	-£9,950	01 Sep 2025	30 Jan 2026	151 Days
White Gables, Lower Quarter, Penzance, TR20 8EG	£365,000	£362,000	-£3,000	08 Aug 2025	16 Jan 2026	161 Days
Crimond, Trescowe, Germoe, TR20 9RN	£400,000	£390,000	-£10,000	20 May 2025	07 Jan 2026	232 Days
Melrose Cottage, Fore Street, Goldsithney, TR20 9LL	£225,000	£216,000	-£9,000	26 Apr 2025	12 Dec 2025	230 Days
Agan Chy, Johns Corner, Penzance, TR20 9PJ	£575,000	£557,500	-£17,500	08 Jul 2025	12 Dec 2025	157 Days
Trevowhan House, Trevowhan, Morvah, TR20 8YU	£495,000	£465,000	-£30,000	10 Feb 2025	25 Nov 2025	288 Days
8 Godolphin Road, Penzance, TR20 8JP	£247,500	£247,500	£0	03 May 2025	21 Nov 2025	202 Days
9 Asdally Vale, Penzance, TR20 8TF	£210,000	£210,000	£0	01 May 2025	05 Nov 2025	188 Days
41 Tregurtha View, Penzance, TR20 9LU	£225,000	£225,000	£0	12 May 2025	31 Oct 2025	172 Days

Most Expensive Streets in TR20 (Penzance)

Postcode	Street	Area	Average	No. of Sales
TR20 9EB	Wheal Georgia	Penzance	£882,875	4
TR20 8QS	Sancreed Road, Sancreed	Penzance	£875,000	3
TR20 9SU	Trewelloe Road	Penzance	£691,666	3
TR20 8NS	Access To Little Bosullow, Little Bosullow	Penzance	£674,166	3
TR20 9SJ	Pengersick Lane	Penzance	£650,000	3
TR20 9RD	The Links	Penzance	£633,333	3
TR20 9LB	Gears Lane	Penzance	£616,666	3
TR20 9PJ	Johns Corner	Penzance	£594,875	4
TR20 9RU	Trescowe Common	Penzance	£591,333	3
TR20 8SP	Bellair Road	Penzance	£578,166	3

Least Expensive Streets in TR20 (Penzance)

Postcode	Street	Area	Average	No. of Sales
TR20 9BT	Daffodil Fields	Penzance	£113,000	3
TR20 8YN	Kenegie Manor, Gulval	Penzance	£131,076	30
TR20 9RE	Pengersick Estate	Penzance	£131,166	6
TR20 8TF	Asdally Vale	Penzance	£189,250	4
TR20 8AL	The Old Sail Loft, Chapel Square	Penzance	£193,875	4
TR20 9PG	A394 Between Helston Road And Carters Downs	Penzance	£196,666	3
TR20 8SL	Fore Street	Penzance	£203,000	3
TR20 9LU	Tregurtha View	Penzance	£207,000	6
TR20 8DW	Polmor Road	Penzance	£220,750	4
TR20 9JY	North Road	Penzance	£221,500	3