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House Prices in TR20

The average house price in TR20 (Penzance) is £478,333 using HM Land Registry data.

The average property price decreased by £23,945 (-5.96%) over the last 5 years and decreased by £4,787 (-1.25%) over the last 12 months.

Over the last year, there were 78 residential property sales – a decrease of 47 transactions (-60.26%) relative to the previous year. The majority of house sales (18) were in the £170,000 - £268,000 range. Then came properties in the £268,000 - £366,000 range, where 15 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 47 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,941 (-3%).

In Apr 2026, there were 39 new estate agency instructions, 17 agreed home sales and 25 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) - Apr 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 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
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
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
Trevean, Pengersick Estate, Penzance, TR20 9RB	£290,000	£290,000	£0	04 Jul 2025	17 Oct 2025	105 Days
Hillcrest, Church Hill, Penzance, TR20 8EU	£425,000	£410,000	-£15,000	08 Apr 2025	10 Oct 2025	185 Days
Penty-an-golowva, Galowva Cottages, Crowlas, TR20 8DS	£235,000	£210,000	-£25,000	08 Apr 2025	01 Oct 2025	176 Days
Cherry Tree Cottage, Church Hill, Penzance, TR20 8EY	£240,000	£225,000	-£15,000	01 Feb 2025	12 Sep 2025	223 Days
Glenfield, Trevean Way, Penzance, TR20 9PB	£485,000	£467,500	-£17,500	12 Apr 2025	10 Sep 2025	151 Days
1 Sunnyside Cottages, North Road, Penzance, TR20 9JY	£175,000	£172,500	-£2,500	22 May 2025	05 Sep 2025	106 Days
2 Jacaranda, Trevean Way, Penzance, TR20 9PB	£575,000	£548,000	-£27,000	04 Sep 2024	01 Sep 2025	362 Days
12 Furze Croft, Penzance, TR20 8BB	£465,000	£460,000	-£5,000	03 Oct 2024	22 Aug 2025	323 Days
The Firs, Tregonebris Lane, Sancreed, TR20 8RQ	£425,000	£417,500	-£7,500	18 Dec 2024	11 Aug 2025	236 Days

Most Expensive Streets in TR20 (Penzance)

Postcode	Street	Area	Average	No. of Sales
TR20 8QS	Sancreed Road, Sancreed	Penzance	£1,031,250	4
TR20 9EB	Wheal Georgia	Penzance	£882,875	4
TR20 9ST	Trewartha Road	Penzance	£711,666	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 9AA	Helston Road	Penzance	£615,000	5
TR20 9PJ	Johns Corner	Penzance	£594,875	4

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	£129,210	32
TR20 9RE	Pengersick Estate	Penzance	£131,166	6
TR20 8TF	Asdally Vale	Penzance	£192,333	3
TR20 8AL	The Old Sail Loft, Chapel Square	Penzance	£195,166	3
TR20 9PG	A394 Between Helston Road And Carters Downs	Penzance	£196,666	3
TR20 8SL	Fore Street	Penzance	£197,920	5
TR20 8DW	Polmor Road	Penzance	£198,900	5
TR20 9LU	Tregurtha View	Penzance	£211,000	6
TR20 9JY	North Road	Penzance	£221,500	3