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Penzance market report TR18
The TR18 (Penzance) house price history in full, 1995 to 2026, in cash and in today's money. The raw material for this page is 11,197 HM Land Registry entries for TR18 (Penzance), going back to 1995: each an actual purchase at an actual price. Rents come from the ONS. Valuations, estimates and asking prices appear nowhere in it.
Sales recorded to July 2026; rents are ONS figures for May 2026. The page rebuilds with each monthly release.
In short: a typical TR18 (Penzance) home changed hands for £250,000 in 2026 (median of 96 registered sales, up 4% on five years earlier), with the mean at £282,000, and by floor area homes here have averaged about £3,530 per square metre over the last five years. Source: 11,197 completed sales on the HM Land Registry record since 1995, updated with each monthly release. No valuations, no asking prices.
TR18 is the postcode district covering Penzance in Penzance. Districts are a practical way to slice a market: small enough to mean something locally, big enough to have a steady flow of sales to measure.
Where TR18 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.
The going rate for a home in TR18
In the TR18 property market, the 2026 median sale price is £250,000, from 96 registered sales; the mean, the "average house price" most sites quote, is £282,000, sitting modestly above it, the usual shape of a market with an expensive tail.
What a square metre costs in TR18
By floor space, homes in TR18 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.
England and Wales as a whole trade at a £285,000 median, leaving TR18 12% below the national figure.
TR18'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 | £250,000 | £250,000 | 96 |
| 2025 | £260,000 | £266,217 | 279 |
| 2024 | £270,000 | £287,065 | 299 |
| 2023 | £265,000 | £291,170 | 277 |
| 2022 | £255,000 | £299,017 | 315 |
| 2021 | £240,000 | £303,871 | 380 |
| 2020 | £217,500 | £282,211 | 279 |
| 2019 | £200,500 | £262,808 | 350 |
| 2018 | £195,000 | £259,939 | 319 |
| 2017 | £190,000 | £259,141 | 377 |
| 2016 | £180,000 | £251,822 | 360 |
| 2015 | £177,500 | £250,808 | 342 |
| 2014 | £175,000 | £248,268 | 349 |
| 2013 | £170,200 | £244,901 | 302 |
| 2012 | £168,000 | £247,275 | 263 |
| 2011 | £161,000 | £243,048 | 252 |
| 2010 | £175,000 | £274,445 | 279 |
| 2009 | £150,000 | £241,126 | 265 |
| 2008 | £174,200 | £285,551 | 210 |
| 2007 | £175,600 | £297,867 | 426 |
| 2006 | £172,100 | £298,744 | 480 |
| 2005 | £169,000 | £300,752 | 346 |
| 2004 | £157,200 | £285,506 | 404 |
| 2003 | £136,600 | £251,650 | 382 |
| 2002 | £95,000 | £178,742 | 466 |
| 2001 | £77,000 | £148,029 | 519 |
| 2000 | £65,000 | £127,563 | 499 |
| 1999 | £57,000 | £113,598 | 470 |
| 1998 | £52,200 | £105,369 | 402 |
| 1997 | £49,500 | £101,515 | 491 |
| 1996 | £45,500 | £95,957 | 434 |
| 1995 | £42,000 | £91,302 | 285 |
In cash terms the typical TR18 home went from £42,000 in 1995 to £250,000 in 2026, roughly 6 times the price. Even after inflation that is a real rise of about 174%: homes here genuinely became dearer, not merely more expensive on paper. In inflation-adjusted terms the high-water mark was 2021. The market now sits about 18% below it, so a peak-time purchase has yet to recover its real value.
Year-on-year change in the TR18 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 (+43.8% on the year before); the weakest, 2009 (−13.9%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Detached, semi, terraced, flat: four markets in one
A single median hides the split beneath it. Sales of terraced homes dominate the record here, 53% of the typed total. A detached home currently trades at £430,000 against £165,000 for a flat, 2.6 times the price.
Median by property type, TR18
One line per type, years with too few sales omitted. Hover for the year's figures; click a legend entry to isolate a type.
| Type | Median (2026) | Sales that year | All-time sales |
|---|---|---|---|
| Detached | £430,000 | 11 | 1,753 |
| Semi-detached | £250,000 | 15 | 1,730 |
| Terraced | £242,000 | 53 | 5,954 |
| Flats | £165,000 | 17 | 1,760 |
The long view: annualised growth
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −3.8% | −6.1% |
| 5 years (since 2021) | +0.8% | −3.8% |
| 10 years (since 2016) | +3.3% | −0.1% |
| 20 years (since 2006) | +1.9% | −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.
Transaction volumes
How many homes change hands
Annual recorded sales. The post-2008 trough is the financial crisis; treat the final bar as provisional while registrations catch up.
Month by month, five years back
Registrations by month. The repeating sawtooth is seasonality, and the right-hand edge always dips because the register lags completions.
The register shows 212 TR18 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 440 sales a year before the financial crisis and 253 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.
The shape of the TR18 market
Among the 23 measurable districts of its area, TR18 ranks 20 by median price: towards the affordable end.
What tenants pay around TR18
For renting purposes TR18 sits in Cornwall. The ONS average private rent there is £1,003 a month (May 2026). 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.
Set against the £250,000 median sold price, £1,003 a month is £12,036 a year, a gross yield of 4.8%: gross, before letting costs, voids, maintenance and tax, so a ceiling rather than a promise. Rents are published at local-authority level, so nearby districts in the same authority share these figures.
Asked and answered: TR18 (Penzance)
Is TR18 (Penzance) a good place to buy a house?
How much did a house sell for in TR18 (Penzance)?
Are property prices falling in TR18 (Penzance)?
Where do TR18 prices go next?
Prediction is not this page's business. Its business is the record, which says: the median is up 4% over five years in cash but down 18% after inflation. Read the volume chart with the price chart before acting on either, remembering that registrations trail the deals themselves by weeks.
What is for sale in TR18 right now
Everything above is what homes in TR18 sold for. This is what you could actually buy today: 141 homes currently on the market from 8 agents publishing to HomesIndex, at a typical asking price level with the TR18 median sold price.
34% of what is on the market here is asking below what comparable homes actually sold for. 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,...
"Under comparable sales" means the asking price sits below what similar homes nearby actually fetched. Treat it as the start of a conversation, never a valuation, and always view the home.
See every TR18 home for sale on the map →
Live asking prices from estate agents who publish a feed to HomesIndex, refreshed every Monday and Thursday: a sample of the market, not every home for sale. Asking prices are not sale prices.
Moving up a bedroom in TR: the cost
The Land Registry record, split by size: what each kind of home actually sold for across the TR area. 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
TR18 ranks 11 of 23 in the TR area on five-year growth. The gap between the top and bottom of this chart is the difference between buying well and buying badly in the same city.
Five-year change in the median, TR area districts
The districts that gained and lost most in cash terms, each row linking through to its own report.
Inside TR18, sector by sector
Postcode sectors are the next slice down, each a group of streets with its own market report. Prices can differ sharply between two sectors a few minutes' walk apart.
| Sector | Median (latest) | Sales that year |
|---|---|---|
| TR18 2 | £225,000 | 31 |
| TR18 3 | £253,800 | 22 |
| TR18 4 | £267,500 | 20 |
| TR18 5 | £240,000 | 23 |
How TR18 compares nearby
Same city, different markets. The neighbouring districts of the TR area, dearest first:
| District | Median | 5-year |
|---|---|---|
| TR5 | £425,000 | -5% |
| TR3 | £415,000 | +4% |
| TR20 | £368,500 | +8% |
| TR17 | £365,000 | +19% |
| TR11 | £350,000 | +9% |
| TR8 | £335,000 | +5% |
| TR6 | £326,500 | -26% |
| TR7 | £320,000 | +7% |
| TR26 | £320,000 | -17% |
| TR12 | £311,500 | -13% |
| TR4 | £310,000 | -2% |
| TR2 | £307,500 | -12% |
| TR19 | £295,000 | -3% |
| TR1 | £285,000 | +4% |
| TR27 | £285,000 | +2% |
| TR21 | £280,000 | -12% |
| TR13 | £276,200 | +2% |
| TR10 | £272,500 | +9% |
| TR16 | £270,000 | +12% |
| TR18 (this report) | £250,000 | +4% |
| TR15 | £240,000 | +14% |
| TR14 | £230,000 | +18% |
| TR9 | £227,500 | -9% |
Selling in TR18? Start from the sold record
Ground the asking price in real sold prices first. The average prices map gives a rough value in a minute: start at TR18'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.
For local estate agents: each district report carries one featured-agent spot, free while founding places last. Claim TR18.
Dig further
Answers come from the same Land Registry data behind this report, and the AI knows you are asking about TR18. Free, with a one click sign in.
Two maps carry on from here: every TR18 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.
How this page is made: the statistics are computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to address level; inflation adjustment uses the ONS CPIH index; rents are the ONS Price Index of Private Rents at local-authority level. Medians of recorded sales, not valuations. Nothing on this page is financial advice.