The average house price in Penzance is £287,289 using HM Land Registry data.
The average property price increased by £87,158 (36.63%) over the last 5 years and increased by £17,459 (5.67%) over the last 12 months.
Over the last year, there were 175 residential property sales – a decrease of 42 transactions (-24.00%) relative to the previous year. The majority of house sales (54) were in the £220,000 - £290,000 range. Then came properties in the £150,000 - £220,000 range, where 39 were sold within this price bracket.
Excluding fall throughs, properties are taking an average of 201 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,811 (-3%).
In January 2025, there were 23 new estate agency instructions, 16 agreed home sales and 28 property price reductions.
Property prices in Penzance increased by 36.63% in last 5 years.
Property prices in Penzance increased by 5.67% in last 12 months.
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.
| Address | Initial Price | Sold Price | Price Change | First Listed Date | Sold Date | Days to Sell |
|---|---|---|---|---|---|---|
| 6 Harbour View Crescent, Penzance, Cornwall, TR18 2AZ | £375,000 | £370,000 | -£5,000 | 07 Sep 2023 | 03 Dec 2024 | 453 Days |
| 2 Wellington Terrace, Penzance, Cornwall, TR18 4SS | £500,000 | £500,000 | £0 | 30 Apr 2024 | 02 Dec 2024 | 216 Days |
| 10 Marine Terrace, Penzance, Cornwall, TR18 4DL | £375,000 | £365,000 | -£10,000 | 25 Jul 2024 | 29 Nov 2024 | 127 Days |
| 4 Coastguard Crescent, Penzance, Cornwall, TR18 3AQ | £435,000 | £400,000 | -£35,000 | 27 Jun 2024 | 29 Nov 2024 | 155 Days |
| 37 Adelaide Street, Penzance, Cornwall, TR18 2ER | £235,000 | £225,000 | -£10,000 | 19 Aug 2024 | 28 Nov 2024 | 101 Days |
| 51 Richmond Street, Heamoor, Penzance, Cornwall, TR18 3ET | £270,000 | £270,000 | £0 | 13 Aug 2024 | 26 Nov 2024 | 105 Days |
| 3 Norton Terrace, Penzance, Cornwall, TR18 4HX | £325,000 | £306,000 | -£19,000 | 24 Jul 2024 | 22 Nov 2024 | 121 Days |
| 11 Jamaica Place, Heamoor, Penzance, Cornwall, TR18 3HG | £175,000 | £175,000 | £0 | 15 Aug 2024 | 22 Nov 2024 | 99 Days |
| 63 Heabrook Parc, Heamoor, Penzance, Cornwall, TR18 3QR | £290,000 | £290,000 | £0 | 26 Jun 2024 | 20 Nov 2024 | 147 Days |
| 21 St Marys Terrace, Penzance, Cornwall, TR18 4DZ | £547,500 | £540,000 | -£7,500 | 02 May 2024 | 15 Nov 2024 | 197 Days |
| Burford, Alexandra Place, Penzance, Cornwall, TR18 4NE | £520,000 | £515,000 | -£5,000 | 08 Apr 2024 | 15 Nov 2024 | 221 Days |
| 4 St Marys Terrace, Penzance, Cornwall, TR18 4DZ | £520,000 | £510,000 | -£10,000 | 27 Mar 2024 | 14 Nov 2024 | 232 Days |
| 12 Coulsons Buildings, Penzance, Cornwall, TR18 4DS | £325,000 | £312,000 | -£13,000 | 23 Jul 2024 | 08 Nov 2024 | 108 Days |
| West Lodge, Alverton Road, Penzance, Cornwall, TR18 4TL | £1,000,000 | £950,000 | -£50,000 | 07 Jun 2024 | 25 Oct 2024 | 140 Days |
| 46 The Ropewalk, Penzance, Cornwall, TR18 4QN | £187,500 | £185,000 | -£2,500 | 19 Apr 2024 | 23 Oct 2024 | 187 Days |
| 11 Bellevue Terrace, Penzance, Cornwall, TR18 2BZ | £310,000 | £310,000 | £0 | 01 Oct 2024 | 22 Oct 2024 | 21 Days |
| 8 Manor Place, Heamoor, Penzance, Cornwall, TR18 3HJ | £300,000 | £300,000 | £0 | 22 Jul 2024 | 18 Oct 2024 | 88 Days |
| 18 Barwis Terrace, Penzance, Cornwall, TR18 2AW | £260,000 | £220,000 | -£40,000 | 22 Feb 2024 | 15 Oct 2024 | 236 Days |
| 24 Richmond Street, Penzance, Cornwall, TR18 2PP | £275,000 | £265,000 | -£10,000 | 13 May 2024 | 16 Aug 2024 | 95 Days |
| 7 St Marys Terrace, Penzance, Cornwall, TR18 4DZ | £699,950 | £685,000 | -£14,950 | 01 Mar 2024 | 26 Jul 2024 | 147 Days |
| Postcode | Street | Area | Average | No. of Sales |
|---|---|---|---|---|
| TR18 2AY | Lescudjack | Penzance | £695,000 | 3 |
| TR18 4DJ | South Parade | Penzance | £645,250 | 4 |
| TR18 2HQ | Penrose Terrace | Penzance | £621,666 | 3 |
| TR18 4PG | Lidden Road | Penzance | £621,000 | 3 |
| TR18 4LG | Kings Road | Penzance | £568,333 | 3 |
| TR18 4PA | Mount Lidden | Penzance | £568,125 | 4 |
| TR18 4NY | Laregan Hill | Penzance | £565,000 | 5 |
| TR18 4DW | Regent Terrace | Penzance | £544,300 | 5 |
| TR20 8TG | Castle Horneck Road | Alverton | £539,166 | 3 |
| TR18 4PQ | Donnington Road | Penzance | £533,800 | 5 |
| Postcode | Street | Area | Average | No. of Sales |
|---|---|---|---|---|
| TR18 2FQ | Camberwell Vean | Penzance | £85,333 | 3 |
| TR18 2GZ | Ocean Blue Apartments | Jennings Street, Penzance | £113,726 | 5 |
| TR18 2BQ | Bakehouse Apartments | High Street, Penzance | £120,000 | 4 |
| TR18 2HZ | Johns Place | Penzance | £124,000 | 3 |
| TR18 2EH | Bread Street | Penzance | £124,583 | 6 |
| TR18 2EZ | Leskinnick Place | Penzance | £126,484 | 16 |
| TR18 2HR | Market Jew Street | Penzance | £131,000 | 4 |
| TR18 4SB | Cardinnis Road | Penzance | £143,583 | 3 |
| TR18 4JH | Chycelin | Alverton Terrace | £147,833 | 3 |
| TR18 3HG | Jamaica Place | Heamoor | £149,250 | 4 |
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