Local market reports › TR area › TR18 › TR18 5
Penzance market report TR18 5
The TR18 5 (Penzance) house price history in full, 1995 to 2026, in cash and in today's money. Every figure on this page comes from the public record: 2,086 sales registered with HM Land Registry in TR18 5 (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 5 (Penzance) came in at £240,000, out of 23 registered, down 4% on five years earlier, and the mean stands at £278,800, and by floor area homes here have averaged about £3,750 per square metre over the last five years. The record behind it is 2,086 completed sales lodged with HM Land Registry since 1995, monthly refreshed, with no valuations or asking prices anywhere in the figures.
TR18 5 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 5 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 5 sells for
The 2026 median for TR18 5 is £240,000, taken from 23 registered sales. The mean, which is what most sites call the "average house price", is £278,800, well clear of it: the mark of a market where a small number of costly homes drag the average upwards.
Price per square metre in TR18 5
Per square metre, TR18 5 homes have averaged around £3,750 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 5 16% below the country at large.
TR18 5's median sold price, 1995 to 2026
One line records the median as paid; the other restates every year in today's money via ONS CPIH, the honest measure of getting dearer. Hover for year figures, click the legend to isolate a line.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £240,000 | £240,000 | 23 |
| 2025 | £267,500 | £273,897 | 46 |
| 2024 | £330,000 | £350,858 | 45 |
| 2023 | £289,700 | £318,310 | 48 |
| 2022 | £315,000 | £369,373 | 57 |
| 2021 | £250,000 | £316,532 | 73 |
| 2020 | £232,500 | £301,674 | 41 |
| 2019 | £217,000 | £284,435 | 61 |
| 2018 | £204,000 | £271,936 | 72 |
| 2017 | £210,500 | £287,101 | 77 |
| 2016 | £185,000 | £258,817 | 75 |
| 2015 | £186,000 | £262,818 | 75 |
| 2014 | £185,000 | £262,455 | 62 |
| 2013 | £168,000 | £241,735 | 59 |
| 2012 | £170,000 | £250,219 | 39 |
| 2011 | £185,000 | £279,279 | 53 |
| 2010 | £189,000 | £296,401 | 53 |
| 2009 | £156,000 | £250,771 | 39 |
| 2008 | £199,600 | £327,187 | 32 |
| 2007 | £193,200 | £327,721 | 74 |
| 2006 | £170,000 | £295,098 | 93 |
| 2005 | £175,000 | £311,429 | 35 |
| 2004 | £170,000 | £308,753 | 55 |
| 2003 | £146,400 | £269,704 | 68 |
| 2002 | £114,000 | £214,490 | 77 |
| 2001 | £78,000 | £149,951 | 114 |
| 2000 | £68,200 | £133,843 | 98 |
| 1999 | £60,000 | £119,577 | 96 |
| 1998 | £55,000 | £111,021 | 84 |
| 1997 | £52,800 | £108,282 | 110 |
| 1996 | £46,200 | £97,434 | 100 |
| 1995 | £41,800 | £90,867 | 52 |
In cash terms the typical TR18 5 home went from £41,800 in 1995 to £240,000 in 2026, roughly 6 times the price. Even after inflation that is a real rise of about 164%: homes here genuinely became dearer, not merely more expensive on paper. Measured in today's money the market peaked in 2022; the current median sits about 35% below that. Someone who bought at the 2022 peak has not yet seen that price back in real terms.
Year-on-year change in the TR18 5 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, 2009 (−21.8%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
What TR18 5 has returned, per year
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −10.3% | −12.4% |
| 5 years (since 2021) | −0.8% | −5.4% |
| 10 years (since 2016) | +2.6% | −0.8% |
| 20 years (since 2006) | +1.7% | −1.0% |
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 5
Sales per year, counted
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, 23 sales completed in TR18 5. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 77 sales a year before the financial crisis and 44 a year over the last five. Price without volume misleads: a median built on few sales jumps around, and one street can tilt it. Keep in mind too that the latest year is still filling in, since sales reach the register weeks or months after completion.
How TR18 5 trades
This is a thin market: 23 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. Expect volatility in the annual figures: swings past ten per cent show up repeatedly above, and they usually reflect the mix of homes sold in a given year rather than genuine repricing.
The rental side of TR18 5
For renting purposes TR18 5 sits in Cornwall. The ONS average private rent there is £1,003 a month (May 2026). 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.
Against the £240,000 median purchase price, a rent of £1,003 a month (£12,036 a year) works out at a 5.0% gross yield, a ceiling figure that ignores letting costs, voids, maintenance and tax. Because rents are local-authority statistics, districts sharing the authority share the figure.
What people ask about TR18 5 (Penzance)
Is TR18 5 (Penzance) a good place to buy a house?
How much did a house sell for in TR18 5 (Penzance)?
Are property prices falling in TR18 5 (Penzance)?
Are TR18 5 prices heading up or down?
No honest page predicts prices, so this one sticks to the record: the median is down 4% over five years in cash but down 24% after inflation. Anyone weighing a purchase should read the volume chart with the price chart, remembering that these are completed sales, registered weeks after the deals were actually struck.
TR18's current homes for sale
This is what you could actually buy today: 141 homes currently on the market from 8 agents publishing to HomesIndex.
These cover the whole TR18 district, not just TR18 5: live asking prices are collected per district.
34% of current listings sit under the prices comparable homes actually fetched. The comparison behind each listing uses recent recorded sales of similar homes close by.
- Daniel Place, Penzance, Cornwall, TR18
- Toltuff Crescent, Penzance, Cornwall,...
- Alverton Terrace, Penzance, Cornwall,...
"Under comparable sales" compares each asking price with what similar homes nearby actually sold for. It is a starting point for a conversation, not a valuation. Always look at the home itself.
See every TR18 home for sale on the map →
Refreshed every Monday and Thursday from agents' own feeds to HomesIndex, so a sample of the market rather than all of it. An asking price remains an ask, not a sale.
Bedroom by bedroom: TR prices by size
Real sold prices by size across the TR area, straight from the Land Registry record. 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%) | — | — |
Medians of recorded sales over the last four years, by built form and bedroom count. Sold homes carry no advertised bedroom count, so sizes are estimated from their EPC records; a small number of homes will sit 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
The biggest risers and fallers in cash terms; every row links to that district's 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 4 | £267,500 | 20 |
Zoom out to the full TR18 district report for the type split, monthly volumes and how TR18 compares with its neighbours.
Selling in TR18 5? Start from the sold record
The sold record beats any estimate as a starting point. Before a house valuation or flat valuation in TR18 5, open the average prices map and zoom from the TR18 5 shading down to the sold homes on your own street. Every recorded TR18 5 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 5.
Go deeper
Behind the answers sits the same Land Registry record as this page, with TR18 5 already set as the subject. Free, one click sign in.
Two maps carry on from here: every TR18 5 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.