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Penzance House Prices

The average house price in Penzance is £343,500 using HM Land Registry data.

The average property price increased by £3,715 (1.29%) over the last 5 years and increased by £743 (0.26%) over the last 12 months.

Over the last year, there were 158 residential property sales – a decrease of 72 transactions (-45.57%) relative to the previous year. The majority of house sales (37) were in the £202,000 - £264,000 range. Then came properties in the £264,000 - £326,000 range, where 33 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 61 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,708 (-4%).

In Aug 2026, there were 31 new estate agency instructions, 27 agreed home sales and 38 property price reductions.

5-Year Average Property Prices in Penzance

1.29%

Property prices in Penzance increased by 1.29% 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 Penzance Over the Last Year

0.26%

Property prices in Penzance increased by 0.26% 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 Penzance - Aug 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 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 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 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 Penzance since 1995

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

Recent Property Sales in Penzance

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
18 Poltair Terrace, B3312 Between Madron Hill And The A30 Heamoor Roundabout, Penzance, TR18 3EG	£250,000	£240,000	-£10,000	11 Feb 2026	23 Jul 2026	162 Days
3 Roscadghill Parc, Penzance, TR18 3QX	£200,000	£185,000	-£15,000	10 Oct 2025	10 Jul 2026	273 Days
5 Marine Terrace, Promenade, Penzance, TR18 4DL	£480,000	£480,000	£0	20 Nov 2025	02 Jul 2026	224 Days
5 Glendowr, Mennaye Road, Penzance, TR18 4NG	£500,000	£495,000	-£5,000	19 Feb 2026	02 Jul 2026	133 Days
Flat 4, Glave House, Morrab Road, Penzance, TR18 4EZ	£225,000	£196,000	-£29,000	12 Feb 2026	30 Jun 2026	138 Days
5 St Marys Street, Penzance, TR18 2DH	£300,000	£287,500	-£12,500	12 Feb 2026	22 Jun 2026	130 Days
Dock Cottage, Chapel Street, Penzance, TR18 4AQ	£265,000	£250,000	-£15,000	28 Jan 2026	19 Jun 2026	142 Days
32 Bay View Terrace, Penzance, TR18 4HS	£325,000	£318,000	-£7,000	29 Jan 2026	19 Jun 2026	141 Days
2 Rose Terrace, Rosevean Road, Penzance, TR18 2EA	£215,000	£191,000	-£24,000	08 Jan 2026	12 Jun 2026	155 Days
20 St Clare Street, Penzance, TR18 2PE	£295,000	£292,500	-£2,500	12 May 2026	12 Jun 2026	31 Days
53 Belgravia Street, Penzance, TR18 2BL	£275,000	£245,000	-£30,000	06 Nov 2025	12 Jun 2026	218 Days
9 Cross Street, Penzance, TR18 2EY	£185,000	£180,000	-£5,000	04 Jan 2026	10 Jun 2026	157 Days
8 High Street, Penzance, TR18 2SX	£285,000	£280,000	-£5,000	16 Feb 2026	02 Jun 2026	106 Days
10 Higher Peverell Road, Penzance, TR18 2ED	£280,000	£266,000	-£14,000	18 Jun 2025	29 May 2026	345 Days
6 Bullock Market Terrace, Penzance, TR18 2PU	£225,000	£220,000	-£5,000	11 Feb 2026	27 May 2026	105 Days
Flat 24, Penrose Court, Chyandour Cliff, Penzance, TR18 3LG	£360,000	£355,000	-£5,000	09 Jul 2025	20 May 2026	315 Days
20 Penlee Manor Drive, Penzance, TR18 4HW	£250,000	£250,000	£0	03 Oct 2025	20 May 2026	229 Days
13 Lower Peverell Road, Penzance, TR18 3PX	£250,000	£250,000	£0	17 Oct 2025	19 May 2026	214 Days
11 Main Street, Heamoor, TR18 3ER	£230,000	£228,500	-£1,500	18 Dec 2025	30 Apr 2026	133 Days
2 Lansdowne Close, Penzance, TR18 4RJ	£320,000	£295,000	-£25,000	06 Jun 2025	13 Apr 2026	311 Days

Most Expensive Streets in 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 2AY	Trevidren	Lescudjack	£540,625	4
TR18 2HQ	Penrose Terrace	Penzance	£529,000	3
TR18 4DZ	St Marys Terrace	Penzance	£526,933	15

Least Expensive Streets in Penzance

Postcode	Street	Area	Average	No. of Sales
TR18 2PS	Prospect Place	Penzance	£116,125	4
TR18 2EH	The Barn	Bread Street, Penzance	£118,214	7
TR18 2SH	The Greenmarket	Penzance	£123,000	3
TR18 2BQ	Bakehouse Apartments	High Street, Penzance	£123,333	3
TR18 2HZ	Johns Place	Market Jew Street, Penzance	£124,000	3
TR18 4JH	Chycelin	Alverne Buildings	£125,750	6
TR18 2EZ	Leskinnick Place	Penzance	£132,520	12
TR18 2TB	Trafalgar Court	Road From Leskinnick Terrace To Chyandour Cliff	£134,250	19
TR18 2QE	Jack Stephens Estate	Penzance	£136,333	3
TR18 4LU	Mennaye Court	Alexandra Road	£139,000	3