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Newlyn House Prices Newlyn House Prices

The average house price in Newlyn is £270,000 using HM Land Registry data.

The average property price increased by £146,753 (68.48%) over the last 5 years and increased by £29,330 (8.84%) over the last 12 months.

Over the last year, there were 42 residential property sales – a decrease of 14 transactions (-33.33%) relative to the previous year. The majority of house sales (11) were in the £200,000 - £266,000 range. Then came properties in the £266,000 - £332,000 range, where 11 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 97 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,934 (-2%).

In April 2024, there were 11 new estate agency instructions, 5 agreed home sales and 3 property price reductions.

Neighbouring Areas: Penzance

Postcodes Covered: TR18, TR20

5-Year Average Property Prices in Newlyn

68.48%

Property prices in Newlyn increased by 68.48% 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 Newlyn Over the Last Year

8.84%

Property prices in Newlyn increased by 8.84% 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.

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).

Property Market Heat Gauge for Newlyn - April 2024

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 Newlyn

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 Newlyn

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 Newlyn

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 Newlyn since 1995

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

Recent Property Sales in Newlyn

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
10 Gurnick Estate, Newlyn, Penzance, Cornwall, TR18 5DU£625,000£620,000-£5,00018 Aug 202318 Jan 2024153 Days
6 Ebenezer Place, Newlyn, Penzance, Cornwall, TR18 5ER£255,000£250,000-£5,00016 Aug 202303 Nov 202379 Days
4 Chyvellas Close, Newlyn, Penzance, Cornwall, TR18 5RB£415,000£385,000-£30,00015 Feb 202331 Oct 2023258 Days
41 Forbes Road, Newlyn, Penzance, Cornwall, TR18 5DQ£200,000£200,000£0012 Jan 202320 Oct 2023281 Days
Fairholme, Chywoone Hill, Newlyn, Penzance, Cornwall, TR18 5HG£380,000£380,000£0004 Apr 202320 Oct 2023199 Days
30 The Fradgan, Newlyn, Penzance, Cornwall, TR18 5BE£480,000£329,500-£150,50012 Oct 202026 Sep 20231079 Days
2 Old Paul Hill, Newlyn, Penzance, Cornwall, TR18 5BT£230,000£230,000£0026 Jul 202315 Sep 202351 Days
12a, Garth Road, Newlyn, Penzance, Cornwall, TR18 5QJ£460,000£451,000-£9,00028 Jun 202308 Sep 202372 Days
12 Charles Street, Newlyn, Penzance, Cornwall, TR18 5QB£225,000£220,000-£5,00017 Jan 202313 Jul 2023177 Days
2 Florence Place, Newlyn, Penzance, Cornwall, TR18 5PT£245,000£235,000-£10,00003 Mar 202307 Jul 2023126 Days
2 Bowjey Terrace, Newlyn, Penzance, Cornwall, TR18 5NY£335,000£312,000-£23,00013 Feb 202328 Jun 2023135 Days
Trewarven Studio, Gwavas Road, Newlyn, Penzance, Cornwall, TR18 5LY£190,000£185,000-£5,00014 Apr 202306 Jun 202353 Days
2 Antoine Terrace, Newlyn, Penzance, Cornwall, TR18 5BW£290,000£288,000-£2,00002 Feb 202302 Jun 2023120 Days
Blue Elvin, Fore Street, Newlyn, Penzance, Cornwall, TR18 5JT£1,500,000£1,496,500-£3,50008 Mar 202301 Jun 202385 Days
13 Chapel Street, Newlyn, Penzance, Cornwall, TR18 5BQ£325,000£315,000-£10,00022 Nov 202225 May 2023184 Days
Old Alderley, Carne Road, Newlyn, Penzance, Cornwall, TR18 5QA£600,000£600,000£0017 Mar 202315 May 202359 Days
Taormina, Old Paul Hill, Newlyn, Penzance, Cornwall, TR18 5BX£499,950£480,000-£19,95001 Jan 202304 May 2023123 Days
Chymorvah, Chywoone Hill, Newlyn, Penzance, Cornwall, TR18 5AR£475,000£435,000-£40,00025 Nov 202228 Apr 2023154 Days
11 Park Road, Newlyn, Penzance, Cornwall, TR18 5DZ£310,000£307,500-£2,50008 Sep 202224 Mar 2023197 Days
5 Eden Gardens, Newlyn, Penzance, Cornwall, TR18 5EP£230,000£230,000£0028 Dec 202224 Mar 202386 Days

Most Expensive Streets in Newlyn

PostcodeStreetAreaAverageNo. of Sales
TR18 5ARChywoone HillNewlyn£447,3333
TR18 5DUGurnick EstateNewlyn£428,3333
TR18 5QPRestormel RoadNewlyn£420,0003
TR18 5LWThe Bowjey HillNewlyn£405,7504
TR18 5EDBelle VueNewlyn£371,6663
TR18 5RBChyvellas CloseNewlyn£344,2857
TR18 5BDFradgan PlaceNewlyn£341,0005
TR18 5EHSt Peters HillNewlyn£326,6663
TR18 5QWSt Golder RoadNewlyn£324,9287
TR18 5BEThe FradganNewlyn£324,8333

Least Expensive Streets in Newlyn

PostcodeStreetAreaAverageNo. of Sales
TR18 5AZWesley PlaceNewlyn£148,0913
TR18 5ESEden TerraceNewlyn£148,3163
TR18 5BGOrchard PlaceNewlyn£179,7506
TR18 5JEBoase StreetNewlyn£188,3889
TR18 5QBCharles StreetNewlyn£188,9086
TR18 5PTFlorence PlaceNewlyn£191,0003
TR18 5ASParc TerraceNewlyn£211,0006
TR18 5EREbenezer PlaceNewlyn£218,6503
TR18 5EBBelle VueNewlyn£219,6663
TR18 5PZNew RoadNewlyn£224,3336

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