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House Prices in TR18

The average house price in TR18 (Penzance) is £389,222 using HM Land Registry data.

The average property price increased by £26,452 (9.36%) over the last 5 years and increased by £5,288 (1.74%) over the last 12 months.

Over the last year, there were 195 residential property sales – a decrease of 124 transactions (-63.59%) relative to the previous year. The majority of house sales (48) were in the £204,000 - £278,000 range. Then came properties in the £130,000 - £204,000 range, where 43 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 75 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,882 (-4%).

In Apr 2026, there were 64 new estate agency instructions, 33 agreed home sales and 46 property price reductions.

5-Year Average Property Prices in TR18 (Penzance)

9.36%

Property prices in TR18 (Penzance) increased by 9.36% 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 TR18 (Penzance) Over the Last Year

1.74%

Property prices in TR18 (Penzance) increased by 1.74% 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 TR18 (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 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 TR18 (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 TR18 (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 TR18 (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 TR18 (Penzance) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the TR18 postcode area since 1995.

Recent Sales in TR18 (Penzance)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
1 Gwithel Gwavas, Penzance, TR18 5LT	£400,000	£365,000	-£35,000	25 Jun 2025	20 Feb 2026	240 Days
22 Wharfside Village, Wharf Road, Penzance, TR18 2GA	£280,000	£280,000	£0	01 Sep 2025	05 Feb 2026	157 Days
9 Park Road, Penzance, TR18 5DZ	£245,000	£238,000	-£7,000	02 Oct 2025	03 Feb 2026	124 Days
47 St James Street, Penzance, TR18 2BU	£230,000	£225,000	-£5,000	30 Jul 2025	23 Jan 2026	177 Days
6 Jack Lane, Penzance, TR18 5HZ	£395,000	£360,000	-£35,000	23 Jul 2025	23 Jan 2026	184 Days
6 Regent Square, Penzance, TR18 4BG	£250,000	£250,000	£0	06 Jan 2026	16 Jan 2026	10 Days
Flat 18, Penrose Court, Chyandour Cliff, Penzance, TR18 3LG	£275,000	£255,000	-£20,000	01 Aug 2025	08 Jan 2026	160 Days
14 Tolver Place, Penzance, TR18 2AD	£390,000	£390,000	£0	09 Sep 2025	05 Jan 2026	118 Days
3 Alexandra Gardens, Penzance, TR18 4SY	£372,000	£362,000	-£10,000	02 Jul 2025	16 Dec 2025	167 Days
10 Bay View Terrace, Penzance, TR18 4HS	£325,000	£317,000	-£8,000	21 May 2025	15 Dec 2025	208 Days
8 Armistice Gardens, Centenary Way, Penzance, TR18 2FX	£300,000	£300,000	£0	09 Apr 2025	15 Dec 2025	250 Days
1 Chough Cottage, Queens Court, Daniel Place, Penzance, TR18 4JE	£255,000	£252,000	-£3,000	06 Sep 2025	10 Dec 2025	95 Days
26 Tolver Road, Penzance, TR18 2AQ	£379,950	£365,000	-£14,950	05 Jun 2025	08 Dec 2025	186 Days
1 Higher Lariggan, Penzance, TR18 4NL	£595,000	£585,000	-£10,000	30 Jul 2025	04 Dec 2025	127 Days
33 Leskinnick Terrace, Penzance, TR18 2HB	£210,000	£200,000	-£10,000	18 Jul 2025	02 Dec 2025	137 Days
23 Kenstella Road, Penzance, TR18 5AY	£340,000	£330,000	-£10,000	21 Jun 2025	28 Nov 2025	160 Days
Tagomago, Lescudjack Terrace, Penzance, TR18 3AE	£500,000	£475,000	-£25,000	08 Apr 2025	27 Nov 2025	233 Days
8 Morrab Road, Penzance, TR18 4EL	£475,000	£440,000	-£35,000	01 Oct 2025	26 Nov 2025	56 Days
8 Tolver Place, Penzance, TR18 2AD	£375,000	£355,000	-£20,000	19 Mar 2025	19 Nov 2025	245 Days
8 Tremaine Close, Heamoor, TR18 3QT	£175,000	£158,000	-£17,000	21 Nov 2024	17 Nov 2025	361 Days

Most Expensive Streets in TR18 (Penzance)

Postcode	Street	Area	Average	No. of Sales
TR18 4DJ	South Parade	Penzance	£704,500	4
TR18 4AP	Chapel Street	Penzance	£631,666	3
TR18 4PQ	Donnington Road	Penzance	£617,166	3
TR18 4SH	North Parade	Penzance	£614,000	3
TR18 4DW	Regent Terrace	Penzance	£580,375	4
TR18 4NY	Laregan Hill	Penzance	£575,500	5
TR18 4SN	North Parade	Penzance	£575,000	3
TR18 2AY	Trevidren, Lescudjack	Penzance	£570,500	5
TR18 4LG	Kings Road	Penzance	£568,333	3
TR18 5QP	Restormel Road, Newlyn	Penzance	£556,250	4

Least Expensive Streets in TR18 (Penzance)

Postcode	Street	Area	Average	No. of Sales
TR18 3DW	The Flats, Jelbert Way	Penzance	£79,071	7
TR18 3DP	The Chalets, Jelbert Way	Penzance	£85,166	3
TR18 2PS	Prospect Place	Penzance	£113,166	3
TR18 2EH	The Barn, Bread Street, Penzance	Penzance	£118,214	7
TR18 2GZ	Ocean Blue Apartments, Jennings Street, Penzance	Penzance	£119,032	4
TR18 2BQ	Bakehouse Apartments, High Street, Penzance	Penzance	£120,000	4
TR18 2SH	The Greenmarket	Penzance	£123,000	3
TR18 2HZ	Johns Place, Market Jew Street, Penzance	Penzance	£124,000	3
TR18 4JH	Chycelin, Alverne Buildings	Penzance	£125,750	6
TR18 2EZ	Leskinnick Place	Penzance	£130,788	13