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House Prices in TR19 House Prices in TR19 (Penzance)

The average house price in TR19 (Penzance) is £284,000 using HM Land Registry data.

The average property price increased by £97,041 (28.13%) over the last 5 years and increased by £19,444 (4.18%) over the last 12 months.

Over the last year, there were 101 residential property sales – a decrease of 41 transactions (-40.59%) relative to the previous year. The majority of house sales (27) were in the £150,000 - £256,000 range. Then came properties in the £256,000 - £362,000 range, where 24 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 94 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,062 (-2%).

In Oct 24, there were 32 new estate agency instructions, 13 agreed home sales and 16 property price reductions.

Nearby Postcodes: TR13, TR17, TR18, TR20, TR26, TR27

5-Year Average Property Prices in TR19 (Penzance)

28.13%

Property prices in Penzance increased by 28.13% 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 TR19 (Penzance) Over the Last Year

4.18%

Property prices in Penzance increased by 4.18% 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 TR19 (Penzance) - Oct 24

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 TR19 (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 TR19 (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 TR19 (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 TR19 (Penzance) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the TR19 postcode area since 1995.

Recent Sales in TR19 (Penzance)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
2 South Place, Paul, Penzance, Cornwall, TR19 6UL£200,000£198,000-£2,00007 Mar 202423 Jul 2024138 Days
4 Old Foundry Close, St Just, Penzance, Cornwall, TR19 7QS£310,000£310,000£0015 Mar 202410 Jul 2024117 Days
14 South Place Gardens, St Just, Penzance, Cornwall, TR19 7UJ£295,000£275,000-£20,00022 Mar 202404 Jul 2024104 Days
26 The Turnpike, St Just, Penzance, Cornwall, TR19 7PN£159,950£115,000-£44,95010 Oct 201127 Jun 20244644 Days
Kine Byre, Tresvennack, Buryas Bridge, Penzance, Cornwall, TR19 6AL£575,000£565,000-£10,00002 Sep 202321 Jun 2024293 Days
3 Pednandrea, St Just, Penzance, Cornwall, TR19 7UA£340,000£340,000£0023 Feb 202414 Jun 2024112 Days
35 Boscaswell Village, Pendeen, Penzance, Cornwall, TR19 7EP£325,000£292,500-£32,50009 Dec 202322 May 2024165 Days
6 Tregeseal Terrace, St Just, Penzance, Cornwall, TR19 7PL£250,000£225,000-£25,00019 Oct 202314 May 2024208 Days
1 Southview Terrace, Mousehole, Penzance, Cornwall, TR19 6QJ£625,000£625,000£0008 Dec 202326 Apr 2024140 Days
4 Southview Terrace, Mousehole, Penzance, Cornwall, TR19 6QJ£495,000£495,000£0019 Dec 202326 Apr 2024129 Days
Trungle Byre, Trungle, Paul, Penzance, Cornwall, TR19 6UG£515,000£480,000-£35,00013 Dec 202312 Apr 2024121 Days
26 Kew Pendra, St Buryan, Penzance, Cornwall, TR19 6DW£200,000£175,000-£25,00016 Oct 202302 Apr 2024169 Days
Flat 2, Dolphin Court, Fore Street, Mousehole, Penzance, Cornwall, TR19 6TQ£180,000£179,000-£1,00013 Dec 202322 Mar 2024100 Days
23 Fore Street, St Just, Penzance, Cornwall, TR19 7LJ£230,000£230,000£0017 Jan 202420 Mar 202463 Days
Flat 3, Dolphin Court, Fore Street, Mousehole, Penzance, Cornwall, TR19 6TQ£145,000£145,000£0018 Dec 202318 Mar 202491 Days
8 Keigwin Place, Mousehole, Penzance, Cornwall, TR19 6RR£395,000£375,000-£20,00023 May 202315 Mar 2024297 Days
8 Marcwheal Mews, Mousehole, Penzance, Cornwall, TR19 6QP£450,000£449,100-£90010 Jul 202328 Feb 2024233 Days
1 St Johns Terrace, Pendeen, Penzance, Cornwall, TR19 7DP£460,000£445,000-£15,00001 Sep 202315 Feb 2024167 Days
2 Portherras Villas, Pendeen, Penzance, Cornwall, TR19 7TJ£170,000£163,000-£7,00020 Nov 202309 Feb 202481 Days
4 Fishermans Square, Mousehole, Penzance, Cornwall, TR19 6RS£795,000£795,000£0012 Apr 202307 Feb 2024301 Days

Most Expensive Streets in TR19 (Penzance)

PostcodeStreetAreaAverageNo. of Sales
TR19 6NJRaginnisPenzance£795,0003
TR19 6TRPaul Lane Bungalows, MouseholePenzance£721,0003
TR19 6QXSouth Cliff, MouseholePenzance£686,3665
TR19 7AXSunny Corner Lane, SennenPenzance£666,3279
TR19 6QTCliff Road, MouseholePenzance£626,6663
TR19 6PTPolvellan, The ParadePenzance£595,0004
TR19 6QWDuck Street, MouseholePenzance£580,6663
TR19 6PNParade Hill, MouseholePenzance£539,1663
TR19 6QJSouthview Terrace, MouseholePenzance£511,6663
TR19 6PWDumbarton Terrace, MouseholePenzance£498,3333

Least Expensive Streets in TR19 (Penzance)

PostcodeStreetAreaAverageNo. of Sales
TR19 7STTrewellard Road, PendeenPenzance£146,8754
TR19 7HGCorner House, Market SquarePenzance£165,5004
TR19 7ETPark An Pyth, PendeenPenzance£170,6663
TR19 7JZCape Cornwall Street, St JustPenzance£194,54511
TR19 7QDCarnyorth Hill, St JustPenzance£195,0004
TR19 7ESBritish Legion Terrace, St JustPenzance£195,6254
TR19 7DXCalartha Terrace, PendeenPenzance£196,7005
TR19 7UTTalveneth, PendeenPenzance£197,81516
TR19 7JXCape Cornwall Street, St JustPenzance£201,6663
TR19 7LXBosorne Street, St JustPenzance£204,0004

Explore TR19 (Penzance) using map

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