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Penryn House Prices Penryn House Prices

The average house price in Penryn is £228,875 using HM Land Registry data.

The average property price increased by £93,226 (41.53%) over the last 5 years and increased by £18,632 (6.23%) over the last 12 months.

Over the last year, there were 93 residential property sales – a decrease of 26 transactions (-27.96%) relative to the previous year. The majority of house sales (28) were in the £230,000 - £290,000 range. Then came properties in the £170,000 - £230,000 range, where 19 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 93 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,251 (-2%).

In April 2024, there were 22 new estate agency instructions, 20 agreed home sales and 14 property price reductions.

Neighbouring Areas: Falmouth

Postcodes Covered: TR10, TR11

5-Year Average Property Prices in Penryn

41.53%

Property prices in Penryn increased by 41.53% 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 Penryn Over the Last Year

6.23%

Property prices in Penryn increased by 6.23% 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 Penryn - 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 Penryn

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 Penryn

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 Penryn

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 Penryn since 1995

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

Recent Property Sales in Penryn

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
110 Little Oaks, Penryn, Cornwall, TR10 8QF£165,000£160,000-£5,00016 Nov 202307 Feb 202483 Days
75 Alderwood Parc, Penryn, Cornwall, TR10 8RL£170,000£160,000-£10,00029 Aug 202324 Jan 2024148 Days
19 South View, Penryn, Cornwall, TR10 8EA£220,000£211,500-£8,50018 Oct 202319 Dec 202362 Days
6 Saracen Crescent, Penryn, Cornwall, TR10 8PX£240,000£237,500-£2,50019 Sep 202318 Dec 202390 Days
28 Poltair Meadow, Penryn, Cornwall, TR10 8SF£190,000£187,000-£3,00019 Sep 202307 Dec 202379 Days
4 Lanaton Road, Penryn, Cornwall, TR10 8RB£270,000£265,000-£5,00031 Aug 202301 Dec 202392 Days
10 Permarin Road, Penryn, Cornwall, TR10 8BU£255,000£252,500-£2,50010 May 202329 Nov 2023203 Days
83 West Street, Penryn, Cornwall, TR10 8ET£180,000£180,000£0019 Jul 202316 Nov 2023120 Days
10 Harbour View, Penryn, Cornwall, TR10 8HP£250,000£220,000-£30,00025 Oct 202220 Oct 2023360 Days
20 Alderwood Parc, Penryn, Cornwall, TR10 8RJ£229,000£220,000-£9,00008 Apr 202306 Oct 2023181 Days
7 Carn Rock, Penryn, Cornwall, TR10 8LQ£285,000£273,000-£12,00010 Mar 202306 Oct 2023210 Days
63 Calver Close, Penryn, Cornwall, TR10 8SG£170,000£165,000-£5,00019 Jul 202304 Oct 202377 Days
78 Helston Road, Penryn, Cornwall, TR10 8NG£365,000£357,000-£8,00016 Jun 202327 Sep 2023103 Days
42 Kernick Road, Penryn, Cornwall, TR10 8NT£375,000£365,000-£10,00014 Jun 202311 Sep 202389 Days
5 Bodinar Road, Penryn, Cornwall, TR10 8JD£315,000£315,000£0009 Nov 202230 Aug 2023294 Days
4 Read Close, Penryn, Cornwall, TR10 8SE£425,000£420,000-£5,00023 Mar 202330 Aug 2023160 Days
27b, Higher Market Street, Penryn, Cornwall, TR10 8EF£175,000£165,000-£10,00016 May 202323 Aug 202399 Days
104 The Terrace, Penryn, Cornwall, TR10 8EN£195,000£188,000-£7,00006 Jan 202318 Aug 2023224 Days
24 Trevance, Penryn, Cornwall, TR10 8RD£325,000£323,000-£2,00031 Mar 202317 Aug 2023139 Days
7 Woodside, Penryn, Cornwall, TR10 8PH£350,000£340,000-£10,00022 May 202311 Aug 202381 Days

Most Expensive Streets in Penryn

PostcodeStreetAreaAverageNo. of Sales
TR10 8HJDunvegan RoadPenryn£479,2504
TR10 8PAPolsethowPenryn£468,8884
TR10 8QTPolwithen RoadPenryn£440,0003
TR10 8ZWCharlottes RoostGreen Lane£431,6663
TR10 8SERead ClosePenryn£427,0004
TR10 8LEBronescombe ClosePenryn£418,7504
TR10 8LYHelland GardensPenryn£418,5005
TR10 8JATremoughdalePenryn£416,4166
TR10 9FLChandler ParkPenryn£413,00010
TR10 8DFBelhayPenryn£398,7504

Least Expensive Streets in Penryn

PostcodeStreetAreaAverageNo. of Sales
TR10 8LWManor CourtSaracen Place£133,7916
TR10 8BGLower Market StreetPenryn£147,0005
TR10 8SGCalver ClosePenryn£156,76822
TR10 8GHBohill CourtHarbour Village£160,0003
TR10 8BZChurch RoadPenryn£164,2504
TR10 8PDRegan CourtKernick Road£166,0003
TR10 8JWSt Thomas StreetPenryn£166,5874
TR10 8BLSt Gluvias StreetPenryn£178,8005
TR10 8EDHigher Market StreetPenryn£179,2103
TR10 9BQRound Ring GardensPenryn£179,5035

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