House Prices in TR20 House Prices in TR20 (Penzance)

The average house price in TR20 (Penzance) is £495,750 using HM Land Registry data.

The average property price increased by £80,856 (36.41%) over the last 5 years and increased by £16,197 (5.13%) over the last 12 months.

Over the last year, there were 85 residential property sales – a decrease of 25 transactions (-29.41%) relative to the previous year. The majority of house sales (20) were in the £232,000 - £334,000 range. Then came properties in the £334,000 - £436,000 range, where 18 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 98 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-14,615 (-4%).

In January 2025, there were 27 new estate agency instructions, 17 agreed home sales and 21 property price reductions.

5-Year Average Property Prices in TR20 (Penzance)

36.41%

Property prices in TR20 (Penzance) increased by 36.41% 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 TR20 (Penzance) Over the Last Year

5.13%

Property prices in TR20 (Penzance) increased by 5.13% 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 TR20 (Penzance) - January 2025

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 TR20 (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 TR20 (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 TR20 (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 TR20 (Penzance) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the TR20 postcode area since 1995.

Recent Sales in TR20 (Penzance)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
17 Primrose Close, Goldsithney, Penzance, Cornwall, TR20 9JL£285,000£275,000-£10,00025 Sep 202419 Dec 202485 Days
7 Bambry Close, Goldsithney, Penzance, Cornwall, TR20 9EZ£315,000£310,000-£5,00025 Jul 202427 Nov 2024125 Days
37 Polmor Road, Crowlas, Penzance, Cornwall, TR20 8DW£250,000£235,000-£15,00008 Aug 202414 Oct 202467 Days
37 Trescoe Road, Long Rock, Penzance, Cornwall, TR20 8JY£375,000£356,000-£19,00005 Apr 202427 Sep 2024175 Days
1 Trevelyan Close, Goldsithney, Penzance, Cornwall, TR20 9JA£249,950£249,950£019 Apr 202416 Aug 2024119 Days
Pendower, Brandy Lane, Rosudgeon, Penzance, Cornwall, TR20 9QB£310,000£259,325-£50,67523 Feb 202409 Aug 2024168 Days
17 Springfield Road, Goldsithney, Penzance, Cornwall, TR20 9HW£250,000£235,000-£15,00015 Apr 202409 Aug 2024116 Days
5 Chapel Square, Crowlas, Penzance, Cornwall, TR20 8EA£227,500£225,000-£2,50012 Apr 202406 Aug 2024116 Days
Carters Downs, Packet Lane, Rosudgeon, Penzance, Cornwall, TR20 9QD£350,000£340,000-£10,00008 Aug 202310 May 2024276 Days
47 Trescoe Road, Long Rock, Penzance, Cornwall, TR20 8JY£280,000£270,000-£10,00030 Oct 202312 Apr 2024165 Days
23 Tregender Road, Crowlas, Penzance, Cornwall, TR20 8DN£350,000£320,000-£30,00014 Dec 202308 Apr 2024116 Days
17 Tregender Road, Crowlas, Penzance, Cornwall, TR20 8DN£357,000£336,000-£21,00018 Sep 202304 Apr 2024199 Days
Chy-an-bara, Church Road, Madron, Penzance, Cornwall, TR20 8SW£325,000£325,000£018 Oct 202303 Apr 2024168 Days
Tremeum, Castle Gate, Ludgvan, Penzance, Cornwall, TR20 8BG£350,000£310,000-£40,00017 Aug 202325 Mar 2024221 Days
Woodlands, Trescowe Road, Goldsithney, Penzance, Cornwall, TR20 9HR£420,000£375,000-£45,00005 Jan 202415 Mar 202470 Days
3 Orchard Way, Goldsithney, Penzance, Cornwall, TR20 9EY£300,000£270,000-£30,00005 Dec 202313 Mar 202499 Days
The Cottage, West End, Goldsithney, Penzance, Cornwall, TR20 9LN£340,000£340,000£029 Nov 202304 Mar 202496 Days
Vean Cottage, Bodinnar Lane, Newbridge, Penzance, Cornwall, TR20 8NN£440,000£440,000£020 May 202321 Feb 2024277 Days
Primrose Cottage, Fore Street, Madron, Penzance, Cornwall, TR20 8SH£425,000£418,000-£7,00014 Jun 202322 Jan 2024222 Days
1 Baldhu Row, Nancledra, Penzance, Cornwall, TR20 8NH£425,000£385,000-£40,00020 Oct 202219 Jan 2024456 Days

Most Expensive Streets in TR20 (Penzance)

PostcodeStreetAreaAverageNo. of Sales
TR20 8QSSancreedPenzance£1,031,2504
TR20 9NNGreeb Way, PerranuthnoePenzance£801,6663
TR20 8NFCripplesease, NancledraPenzance£795,0003
TR20 9NFPerranuthnoePenzance£670,0003
TR20 9TASea Meads, Praa SandsPenzance£651,6666
TR20 9SUTrewelloe Road, Praa SandsPenzance£640,4005
TR20 9SJPengersick Lane, Praa SandsPenzance£611,0004
TR20 8PANewbridgePenzance£590,0003
TR20 8SPBellair Road, MadronPenzance£584,8754
TR20 9RDThe Links, Praa SandsPenzance£583,3333

Least Expensive Streets in TR20 (Penzance)

PostcodeStreetAreaAverageNo. of Sales
TR20 9BTDaffodil Fields, GoldsithneyPenzance£113,0003
TR20 8YNKenegie Manor, GulvalPenzance£128,45327
TR20 9REPengersick Estate, Praa SandsPenzance£148,7504
TR20 8DWPolmor Road, CrowlasPenzance£190,35010
TR20 8SLFore Street, MadronPenzance£197,9205
TR20 8DFPolmor Road, CrowlasPenzance£203,8336
TR20 9LUTregurtha View, GoldsithneyPenzance£205,1586
TR20 9LYCollygree Parc, GoldsithneyPenzance£208,79112
TR20 8FJPolmor Mews, CrowlasPenzance£224,7504
TR20 8SJTrelawney Estate, MadronPenzance£225,1256

Explore TR20 (Penzance) using map