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Penzance market report TR18 2
The TR18 2 (Penzance) house price history in full, 1995 to 2026, in cash and in today's money. Everything below comes from 3,560 sales recorded by HM Land Registry in TR18 2 (Penzance) since 1995, real completion prices from real purchases, alongside the ONS's current rent figures. No valuations, no estimates, no asking prices.
Sales data to 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh.
In short: the middle 2026 sale in TR18 2 (Penzance) came in at £225,000, out of 31 registered, up 15% on five years earlier, and the mean stands at £246,100, and by floor area homes here have averaged about £3,180 per square metre over the last five years. The record behind it is 3,560 completed sales lodged with HM Land Registry since 1995, monthly refreshed, with no valuations or asking prices anywhere in the figures.
TR18 2 is a postcode sector: one group of streets inside TR18 (Penzance). This is as local as the public record gets, but sector medians move on fewer sales than a district's, so expect the lines to be lumpier.
Where TR18 2 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
What buyers actually paid in TR18 2
The TR18 2 median stands at £225,000 for 2026, built from 31 registered sales; the mean, the figure usually quoted as the "average house price", is £246,100, modestly above it, the usual shape of a market with an expensive tail.
Price per square metre in TR18 2
Per square metre, TR18 2 homes have averaged around £3,180 over the last five years of sales. The floor areas behind the figure come from Energy Performance Certificates, and the by-the-metre view is the fair comparison across home sizes.
The national median for England and Wales is £285,000, which puts TR18 2 21% below the country at large.
TR18 2's median sold price, 1995 to 2026
The median as recorded at the time, and each year restated in today's money (ONS CPIH), the sharper test of whether homes really got dearer. Hover for the year-by-year figures; click a legend entry to isolate a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £225,000 | £225,000 | 31 |
| 2025 | £230,000 | £235,500 | 94 |
| 2024 | £224,200 | £238,371 | 96 |
| 2023 | £228,000 | £250,516 | 98 |
| 2022 | £225,000 | £263,838 | 115 |
| 2021 | £195,000 | £246,895 | 115 |
| 2020 | £180,000 | £233,554 | 99 |
| 2019 | £193,000 | £252,977 | 122 |
| 2018 | £174,000 | £231,945 | 99 |
| 2017 | £170,000 | £231,863 | 135 |
| 2016 | £146,000 | £204,255 | 121 |
| 2015 | £156,200 | £220,711 | 112 |
| 2014 | £140,000 | £198,614 | 110 |
| 2013 | £155,000 | £223,030 | 101 |
| 2012 | £140,000 | £206,063 | 69 |
| 2011 | £142,000 | £214,365 | 69 |
| 2010 | £149,000 | £233,670 | 66 |
| 2009 | £132,000 | £212,191 | 103 |
| 2008 | £150,000 | £245,882 | 78 |
| 2007 | £150,000 | £254,442 | 145 |
| 2006 | £156,000 | £270,796 | 155 |
| 2005 | £150,000 | £266,940 | 117 |
| 2004 | £132,500 | £240,646 | 131 |
| 2003 | £120,000 | £221,069 | 121 |
| 2002 | £82,000 | £154,282 | 148 |
| 2001 | £66,000 | £126,882 | 149 |
| 2000 | £56,500 | £110,881 | 157 |
| 1999 | £48,500 | £96,658 | 155 |
| 1998 | £43,500 | £87,808 | 119 |
| 1997 | £42,000 | £86,134 | 141 |
| 1996 | £37,500 | £79,086 | 104 |
| 1995 | £38,500 | £83,693 | 85 |
In cash terms the typical TR18 2 home went from £38,500 in 1995 to £225,000 in 2026, roughly 6 times the price. Adjusted for inflation it still comes to a real rise of roughly 169%, so homes here got dearer in substance, not only in cash. The real-terms peak came in 2006, and today's median remains roughly 17% under it: a 2006 buyer is still waiting to get that price back in today's money.
Year-on-year change in the TR18 2 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2003 (+46.3% on the year before); the weakest, 2009 (−12.0%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
The long view: annualised growth
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −2.2% | −4.5% |
| 5 years (since 2021) | +2.9% | −1.8% |
| 10 years (since 2016) | +4.4% | +1.0% |
| 20 years (since 2006) | +1.8% | −0.9% |
Compound annual growth of the median sold price; the real column deflates by ONS CPIH. Annualised figures smooth the cycle (the chart above shows the cycle), and past growth is a record, not a forecast.
Sales activity in TR18 2
The year-by-year sales count
Each bar is a year's recorded sales. 2008's dip is the financial crisis, and the newest bar always grows for a while as late registrations arrive.
Over the last twelve months of data, 31 sales completed in TR18 2. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 140 sales a year before the financial crisis and 87 a year over the last five. Watch the volume as closely as the price. Thin years make jumpy medians, where one street's sales can move the figure, and the newest year is always incomplete because registrations trail completions by weeks or months.
What tenants pay around TR18 2
The local authority for TR18 2 is Cornwall, and its ONS average private rent currently stands at £1,003 a month (May 2026 figures). Size sets most of the rent: one-beds average £691 a month here against £1,510 for four or more bedrooms.
Average monthly rent by size, Cornwall
ONS Price Index of Private Rents, May 2026.
£1,003 a month is £12,036 a year, which against the £225,000 median sold price makes a gross yield of 5.3%. Gross means before letting costs, voids, maintenance and tax: treat it as a ceiling. The ONS publishes rents by local authority, so neighbouring districts under the same authority share these numbers.
How TR18 2 trades
Only 31 sales completed here in the last twelve months of data, which makes TR18 2 a thin market. Each figure rests on few transactions, so single streets can swing the median and the charts deserve a sceptical squint. The record here is jumpy: year-on-year moves of ten per cent or more are common in the chart above, mostly a function of which homes happened to sell rather than the market lurching. Against the TR18 district median, TR18 2 sits 10% lower, marking it as a cheaper pocket of the district.
What people ask about TR18 2 (Penzance)
How much did a house sell for in TR18 2 (Penzance)?
Are property prices falling in TR18 2 (Penzance)?
Is TR18 2 (Penzance) a good place to buy a house?
Where do TR18 2 prices go next?
Nobody can tell you that, and this page will not pretend to. What the record shows: the median is up 15% over five years in cash but down 9% after inflation. If you are weighing a purchase, read the volume chart alongside the price one, and remember that every figure here is a completed sale, lagged by the weeks it takes the Land Registry to register it.
TR18's current homes for sale
The live side of the market holds 141 homes at the moment, listed by 8 agents publishing to HomesIndex.
These cover the whole TR18 district, not just TR18 2: live asking prices are collected per district.
34% of current listings sit under the prices comparable homes actually fetched. Each listing is compared with recent recorded sales of similar homes nearby.
- Daniel Place, Penzance, Cornwall, TR18
- Toltuff Crescent, Penzance, Cornwall,...
- Alverton Terrace, Penzance, Cornwall,...
The "under comparable sales" label measures each asking price against real nearby sales of similar homes: an opening position for a conversation rather than a valuation. The home itself still needs looking at.
See every TR18 home for sale on the map →
These asking prices come live from estate agents publishing feeds to HomesIndex, refreshed each Monday and Thursday. They are a sample of the market rather than its entirety, and an asking price is not a sale price.
The price of an extra bedroom in TR
What homes of each size actually sold for across the TR area, from the Land Registry record. How much a size step costs is a local fact: the third-bedroom premium runs from about a quarter to nearly four fifths depending on the area, and national rules of thumb miss it.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | — | £320,000 | £447,500 (+40%) | £650,000 (+45%) | £910,000 (+40%) |
| Semi-detached | £232,500 | £275,000 (+18%) | £330,000 (+20%) | £425,000 (+29%) | £575,000 (+35%) |
| Terraced | £202,500 | £240,000 (+19%) | £294,500 (+23%) | £400,000 (+36%) | £525,000 (+31%) |
| Flat | £156,275 | £240,000 (+54%) | £363,186 (+51%) | — | — |
Four years of recorded sales, split by built form and bedroom count. The register does not state bedrooms, so sizes come from each home's EPC record and a few homes will land one size out. Where too few homes exist to say anything meaningful, the cell is blank.
The risers and the fallers
The spread across the TR area is the point: the same five years treated these districts very differently.
Winners and losers across the TR area, five years
Cash-terms risers and fallers across the area; click any row for that district's full report.
Other sectors in TR18
Sector boundaries hide real price steps. The rest of TR18, one report each:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| TR18 3 | £253,800 | 22 |
| TR18 4 | £267,500 | 20 |
| TR18 5 | £240,000 | 23 |
Zoom out to the full TR18 district report for the type split, monthly volumes and how TR18 compares with its neighbours.
Before you sell in TR18 2: what the record supports
The sold record beats any estimate as a starting point. Before a house valuation or flat valuation in TR18 2, open the average prices map and zoom from the TR18 2 shading down to the sold homes on your own street. Every recorded TR18 2 sale is on this page; the same Land Registry record is what agents price from, and it is now in your hands.
For local estate agents: each district report carries one featured-agent spot, free while founding places last. Claim TR18 2.
Go deeper
Answers come from the same Land Registry data behind this report, and the AI knows you are asking about TR18 2. Free, with a one click sign in.
Two maps carry on from here: every TR18 2 sale at its exact address, and the average prices map from area shading down to single homes. The report tool answers a specific question in writing, and each sale's mortgage and rent calculator prices a real purchase.
About the numbers: everything is computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to the address; today's-money figures use the ONS CPIH index, and rents are the ONS Price Index of Private Rents by local authority. These are medians of recorded sales, not valuations, and none of it is financial advice.