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Penzance market report TR18 4
The standing TR18 4 (Penzance) property market report, rebuilt from the full public record every month. Every figure on this page comes from the public record: 2,971 sales registered with HM Land Registry in TR18 4 (Penzance) since 1995, each one a completed purchase at a real price, plus current rental figures from the ONS. Nothing here 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 middle 2026 sale in TR18 4 (Penzance) came in at £267,500, out of 20 registered, down 12% on five years earlier, and the mean stands at £326,900, and by floor area homes here have averaged about £3,810 per square metre over the last five years. The record behind it is 2,971 completed sales lodged with HM Land Registry since 1995, monthly refreshed, with no valuations or asking prices anywhere in the figures.
TR18 4 is one sector of TR18 (Penzance): a handful of streets, and the most local view the sold record can give. The price of that locality is lumpier charts, because each year's median rests on fewer sales.
Where TR18 4 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 a home in TR18 4 sells for
The 2026 median for TR18 4 is £267,500, taken from 20 registered sales. The mean, which is what most sites call the "average house price", is £326,900, well above it, the signature of a heavy top tail: a handful of expensive sales lifting the average.
Price per square metre in TR18 4
Per square metre, TR18 4 homes have averaged around £3,810 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.
England and Wales as a whole trade at a £285,000 median, leaving TR18 4 6% below the national figure.
The price of a typical TR18 4 home, 1995 to 2026
Year by year: the median as it was recorded, and the same figure brought into today's money with ONS CPIH, which is where "did homes get dearer" actually gets answered. Hover shows each year; the legend isolates a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £267,500 | £267,500 | 20 |
| 2025 | £315,000 | £322,533 | 88 |
| 2024 | £306,000 | £325,341 | 85 |
| 2023 | £387,500 | £425,768 | 74 |
| 2022 | £360,000 | £422,141 | 84 |
| 2021 | £305,500 | £386,802 | 110 |
| 2020 | £304,000 | £394,446 | 82 |
| 2019 | £239,000 | £313,272 | 78 |
| 2018 | £228,200 | £304,195 | 79 |
| 2017 | £245,000 | £334,155 | 87 |
| 2016 | £225,200 | £315,057 | 86 |
| 2015 | £225,000 | £317,925 | 85 |
| 2014 | £226,500 | £321,330 | 111 |
| 2013 | £230,200 | £331,235 | 72 |
| 2012 | £211,500 | £311,302 | 92 |
| 2011 | £180,000 | £271,731 | 74 |
| 2010 | £180,000 | £282,286 | 103 |
| 2009 | £200,000 | £321,502 | 72 |
| 2008 | £225,000 | £368,823 | 48 |
| 2007 | £222,500 | £377,422 | 126 |
| 2006 | £212,600 | £369,046 | 132 |
| 2005 | £192,500 | £342,572 | 111 |
| 2004 | £180,000 | £326,915 | 103 |
| 2003 | £161,500 | £297,522 | 106 |
| 2002 | £145,000 | £272,816 | 113 |
| 2001 | £99,200 | £190,707 | 116 |
| 2000 | £84,000 | £164,850 | 125 |
| 1999 | £76,800 | £153,058 | 105 |
| 1998 | £72,500 | £146,346 | 98 |
| 1997 | £64,500 | £132,276 | 112 |
| 1996 | £55,000 | £115,993 | 119 |
| 1995 | £52,000 | £113,040 | 75 |
In cash terms the typical TR18 4 home went from £52,000 in 1995 to £267,500 in 2026, roughly 5 times the price. Adjusted for inflation it still comes to a real rise of roughly 137%, so homes here got dearer in substance, not only in cash. The real-terms peak came in 2023, and today's median remains roughly 37% under it: a 2023 buyer is still waiting to get that price back in today's money.
Year-on-year change in the TR18 4 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 2002 (+46.2% on the year before); the weakest, 2024 (−21.0%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Annualised returns
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −15.1% | −17.1% |
| 5 years (since 2021) | −2.6% | −7.1% |
| 10 years (since 2016) | +1.7% | −1.6% |
| 20 years (since 2006) | +1.2% | −1.6% |
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.
How many homes change hands in TR18 4
The year-by-year sales count
Annual recorded sales. The post-2008 trough is the financial crisis; treat the final bar as provisional while registrations catch up.
The register shows 20 TR18 4 sales across the most recent twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 117 sales a year before the financial crisis and 70 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 4
The local authority for TR18 4 is Cornwall, and its ONS average private rent currently stands at £1,003 a month (May 2026 figures). A one-bed averages £691 a month here and a four-or-more-bed £1,510, so size does most of the work in setting the rent.
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 £267,500 median sold price makes a gross yield of 4.5%. 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.
The shape of the TR18 4 market
This is a thin market: 20 sales in the last twelve months of data. With that few transactions, one street selling well (or one block of cheap transfers) can move the median, so read the year lines as a range rather than a verdict. 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.
TR18 4 (Penzance): the questions that come up
How much did a house sell for in TR18 4 (Penzance)?
Are property prices falling in TR18 4 (Penzance)?
Is TR18 4 (Penzance) a good place to buy a house?
What happens to TR18 4 prices now?
Nobody can tell you that, and this page will not pretend to. What the record shows: the median is down 12% over five years in cash but down 31% 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
Turning to what is actually available: 141 homes on the market right now, from 8 agents publishing to HomesIndex.
These cover the whole TR18 district, not just TR18 4: 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.
What another bedroom costs in TR
The Land Registry record, split by size: what each kind of home actually sold for across the TR area. The jump between sizes is local: in some areas a third bedroom adds a quarter to the price, in others nearly four fifths, so a national rule of thumb will mislead you here.
| 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%) | — | — |
Built from the last four years of recorded sales by form and bedroom count. Bedroom counts are estimated from EPC records (the register carries none), so expect a small number of homes one size adrift. 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
The districts that gained and lost most in cash terms, each row linking through to its own report.
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:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| TR18 2 | £225,000 | 31 |
| TR18 3 | £253,800 | 22 |
| 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.
Thinking of selling in TR18 4? Get a rough value first
Ground the asking price in real sold prices first. The average prices map gives a rough value in a minute: start at TR18 4's shading and zoom to the sold homes on the street itself. Agents work from this same Land Registry record when they value; this page puts it in front of you before they arrive.
Estate agents working TR18 4: the featured spot on this report is free for founding agents, one per district. Claim TR18 4.
Dig further
Behind the answers sits the same Land Registry record as this page, with TR18 4 already set as the subject. Free, one click sign in.
Two maps carry on from here: every TR18 4 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.