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Penzance market report TR18 3

The TR18 3 (Penzance) house price history in full, 1995 to 2026, in cash and in today's money. Underneath every chart here sit 2,580 registered sales in TR18 3 (Penzance) since 1995, the HM Land Registry record of what buyers really paid, with ONS figures covering rents. Nothing is a valuation, an estimate or an asking price.

Covers registered sales to 2026 and ONS rents for May 2026. Refreshed monthly as new sales reach the register.

In short: the 2026 median for TR18 3 (Penzance) is £253,800, from 22 registered sales, up 12% on five years earlier; the mean is £295,300, and by floor area homes here have averaged about £3,530 per square metre over the last five years. Behind the figures sit 2,580 HM Land Registry entries going back to 1995, refreshed monthly, every one a completed sale rather than a valuation or an asking price.

A postcode sector like TR18 3 is a single group of streets within TR18 (Penzance), the finest slice the public record supports. Fewer sales stand behind each figure than at district level, so the lines jump about more.

Today's TR18 3 prices, from the sold record

In the TR18 3 property market, the 2026 median sale price is £253,800, from 22 registered sales; the mean, the "average house price" most sites quote, is £295,300, sitting well above it, the signature of a heavy top tail: a handful of expensive sales lifting the average.

House prices per square metre in TR18 3

By floor space, homes in TR18 3 have sold for about £3,530 per square metre on average over the last five years: the like-for-like measure that lets you compare a small flat with a large house, from the Energy Performance Certificate floor areas behind each sale.

For scale: the England and Wales median is £285,000, so TR18 3 trades 11% below the country as a whole.

In cash terms the typical TR18 3 home went from £40,000 in 1995 to £253,800 in 2026, roughly 6 times the price. Even after inflation that is a real rise of about 192%: homes here genuinely became dearer, not merely more expensive on paper. The real-terms peak came in 2005, and today's median remains roughly 17% under it: a 2005 buyer is still waiting to get that price back in today's money.

The strongest year on record here is 2003 (+56.1% on the year before); the weakest, 2009 (−16.9%). Single-year swings like these are why the annualised table below matters more than any one year's headline.

The long view: annualised growth

The table annualises median growth over each period, with the real column deflated by ONS CPIH. Smoothing hides the cycle (see the chart above for it), and none of this forecasts: it is the record.

Sales activity in TR18 3

Over the last twelve months of data, 22 sales completed in TR18 3. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 107 sales a year before the financial crisis and 52 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 homes rent for around TR18 3

TR18 3 falls under Cornwall, where the ONS puts the average private rent 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.

£1,003 a month is £12,036 a year, which against the £253,800 median sold price makes a gross yield of 4.7%. 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.

Reading the TR18 3 market

Only 22 sales completed here in the last twelve months of data, which makes TR18 3 a thin market. Each figure rests on few transactions, so single streets can swing the median and the charts deserve a sceptical squint.

What people ask about TR18 3 (Penzance)

Are TR18 3 prices heading up or down?

That question has no honest answer, only evidence. The evidence: the median is up 12% over five years in cash but down 12% after inflation. Weigh the volume chart alongside the price one before deciding anything, and bear in mind every figure is a completed sale that reached the register weeks after completion.

On the market in TR18 today

What another bedroom costs in TR

The risers and the fallers

The spread across the TR area is the point: the same five years treated these districts very differently.

Other sectors in TR18

A few minutes' walk can separate two very different markets. Here are TR18's other sectors, each with its own report:

Zoom out to the full TR18 district report for the type split, monthly volumes and how TR18 compares with its neighbours.

Selling in TR18 3? Start from the sold record

Take it further

Behind the answers sits the same Land Registry record as this page, with TR18 3 already set as the subject. Free, one click sign in.

See every individual TR18 3 sale on the live map, mapped to the exact address, or zoom the average prices map from neighbourhood shading down to single homes. The report tool writes a custom answer to a specific question, and the mortgage and rent calculator on any sale runs the numbers on a real purchase.

Method, briefly: HM Land Registry Price Paid Data (Crown copyright, OGL v3.0) supplies every sale, geocoded to address level; CPIH from the ONS restates prices in today's money; ONS local-authority figures supply the rents. Medians of real sales, not valuations. No part of this page is financial advice.