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House Prices in TR20

The average house price in TR20 (Penzance) is £371,500 using HM Land Registry data.

The average property price increased by £96,989 (36.41%) over the last 5 years and increased by £19,434 (5.13%) over the last 12 months.

Over the last year, there were 67 residential property sales – a decrease of 50 transactions (-74.63%) relative to the previous year. The majority of house sales (17) were in the £236,000 - £342,000 range. Then came properties in the £342,000 - £448,000 range, where 12 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 7 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-14,812 (-3%).

In Oct 24, there were 43 new estate agency instructions, 19 agreed home sales and 18 property price reductions.

5-Year Average Property Prices in TR20 (Penzance)

36.41%

Property prices in 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 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.

Property Market Heat Gauge for TR20 (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).

0 to 20 days is an encouraging sign and shows that homes, on average, are selling within 3 weeks of going to market. As long as the property is priced realistically, there's a good chance of getting an offer within this timeframe. There may even be evidence of homes selling for over the asking price. However, please be mindful of the fact that your local housing market could be at risk of overheating.

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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Pendower, Brandy Lane, Rosudgeon, Penzance, Cornwall, TR20 9QB	£310,000	£259,325	-£50,675	23 Feb 2024	09 Aug 2024	168 Days
5 Chapel Square, Crowlas, Penzance, Cornwall, TR20 8EA	£227,500	£225,000	-£2,500	12 Apr 2024	06 Aug 2024	116 Days
Carters Downs, Packet Lane, Rosudgeon, Penzance, Cornwall, TR20 9QD	£350,000	£340,000	-£10,000	08 Aug 2023	10 May 2024	276 Days
47 Trescoe Road, Long Rock, Penzance, Cornwall, TR20 8JY	£280,000	£270,000	-£10,000	30 Oct 2023	12 Apr 2024	165 Days
23 Tregender Road, Crowlas, Penzance, Cornwall, TR20 8DN	£350,000	£320,000	-£30,000	14 Dec 2023	08 Apr 2024	116 Days
17 Tregender Road, Crowlas, Penzance, Cornwall, TR20 8DN	£357,000	£336,000	-£21,000	18 Sep 2023	04 Apr 2024	199 Days
Chy-an-bara, Church Road, Madron, Penzance, Cornwall, TR20 8SW	£325,000	£325,000	£00	18 Oct 2023	03 Apr 2024	168 Days
Tremeum, Castle Gate, Ludgvan, Penzance, Cornwall, TR20 8BG	£350,000	£310,000	-£40,000	17 Aug 2023	25 Mar 2024	221 Days
Woodlands, Trescowe Road, Goldsithney, Penzance, Cornwall, TR20 9HR	£420,000	£375,000	-£45,000	05 Jan 2024	15 Mar 2024	70 Days
3 Orchard Way, Goldsithney, Penzance, Cornwall, TR20 9EY	£300,000	£270,000	-£30,000	05 Dec 2023	13 Mar 2024	99 Days
The Cottage, West End, Goldsithney, Penzance, Cornwall, TR20 9LN	£340,000	£340,000	£00	29 Nov 2023	04 Mar 2024	96 Days
Vean Cottage, Bodinnar Lane, Newbridge, Penzance, Cornwall, TR20 8NN	£440,000	£440,000	£00	20 May 2023	21 Feb 2024	277 Days
Primrose Cottage, Fore Street, Madron, Penzance, Cornwall, TR20 8SH	£425,000	£418,000	-£7,000	14 Jun 2023	22 Jan 2024	222 Days
1 Baldhu Row, Nancledra, Penzance, Cornwall, TR20 8NH	£425,000	£385,000	-£40,000	20 Oct 2022	19 Jan 2024	456 Days
Flat 5, West End Flats, West End, Goldsithney, Penzance, Cornwall, TR20 9LN	£140,000	£130,000	-£10,000	18 May 2023	20 Dec 2023	216 Days
61 Godolphin Road, Long Rock, Penzance, Cornwall, TR20 8JW	£450,000	£450,000	£00	28 Jun 2023	12 Dec 2023	167 Days
29 Polmor Road, Crowlas, Penzance, Cornwall, TR20 8DW	£280,000	£278,000	-£2,000	13 Mar 2023	05 Oct 2023	206 Days
15 Primrose Lane Estate, Goldsithney, Penzance, Cornwall, TR20 9LX	£230,000	£230,000	£00	03 Jul 2023	07 Sep 2023	66 Days
West Cottage, Trescowe, Germoe, Penzance, Cornwall, TR20 9RN	£395,000	£383,000	-£12,000	14 Apr 2023	01 Sep 2023	140 Days
Fairway, Rospeath Lane, Crowlas, Penzance, Cornwall, TR20 8DU	£585,000	£550,000	-£35,000	05 May 2023	01 Sep 2023	119 Days

Most Expensive Streets in TR20 (Penzance)

Postcode	Street	Area	Average	No. of Sales
TR20 8QS	Sancreed	Penzance	£1,031,250	4
TR20 9NN	Greeb Way, Perranuthnoe	Penzance	£801,666	3
TR20 8NF	Cripplesease, Nancledra	Penzance	£795,000	3
TR20 9NF	Perranuthnoe	Penzance	£670,000	3
TR20 9SJ	Pengersick Lane, Praa Sands	Penzance	£664,800	5
TR20 9TA	Sea Meads, Praa Sands	Penzance	£651,666	6
TR20 9SU	Trewelloe Road, Praa Sands	Penzance	£607,400	5
TR20 9BS	Trevelyan Grove, Goldsithney	Penzance	£593,333	3
TR20 8PA	Newbridge	Penzance	£590,000	3
TR20 8SP	Bellair Road, Madron	Penzance	£584,875	4

Least Expensive Streets in TR20 (Penzance)

Postcode	Street	Area	Average	No. of Sales
TR20 8YN	Kenegie Manor, Gulval	Penzance	£124,990	26
TR20 9BX	Long Barn Rosevidney, Crowlas	Penzance	£143,000	3
TR20 9RE	Pengersick Estate, Praa Sands	Penzance	£148,750	4
TR20 8BS	Whitecross	Penzance	£178,833	3
TR20 8SL	Fore Street, Madron	Penzance	£181,120	5
TR20 8DW	Polmor Road, Crowlas	Penzance	£185,388	9
TR20 9LU	Tregurtha View, Goldsithney	Penzance	£187,325	6
TR20 8DF	Polmor Road, Crowlas	Penzance	£189,600	5
TR20 8EA	Pimms Court, Crowlas	Penzance	£201,666	3
TR20 9LY	Collygree Parc, Goldsithney	Penzance	£208,791	12