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Ludgvan market report TR20, Penzance
The TR20 (Ludgvan) house price history in full, 1995 to 2026, in cash and in today's money. Everything below comes from 4,804 sales recorded by HM Land Registry in TR20 (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 July 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh.
In short: 42 registered 2026 sales put the TR20 (Penzance) median at £368,500, up 8% on five years earlier, with a mean of £366,300, and by floor area homes here have averaged about £3,890 per square metre over the last five years. Everything rests on 4,804 completed HM Land Registry sales since 1995, refreshed monthly; valuations and asking prices play no part.
The postcode district TR20 covering Ludgvan, Penzance, Praa Sands sits in Penzance. A district is the workhorse unit for reading a market: local enough to be meaningful, busy enough that the medians rest on a steady flow of sales.
Where TR20 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 TR20 sells for
The 2026 median for TR20 is £368,500, taken from 42 registered sales. The mean, which is what most sites call the "average house price", is £366,300, practically level with it: prices here bunch tightly around the middle.
What a square metre costs in TR20
Per square metre, TR20 homes have averaged around £3,890 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.
For scale: the England and Wales median is £285,000, so TR20 trades 29% above the country as a whole.
The price of a typical TR20 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 | £368,500 | £368,500 | 42 |
| 2025 | £330,000 | £337,891 | 129 |
| 2024 | £340,000 | £361,490 | 124 |
| 2023 | £310,000 | £340,614 | 94 |
| 2022 | £355,000 | £416,278 | 129 |
| 2021 | £340,000 | £430,484 | 221 |
| 2020 | £303,800 | £394,187 | 148 |
| 2019 | £257,500 | £337,521 | 162 |
| 2018 | £295,000 | £393,241 | 139 |
| 2017 | £271,500 | £370,299 | 178 |
| 2016 | £240,000 | £335,762 | 163 |
| 2015 | £254,400 | £359,467 | 130 |
| 2014 | £215,000 | £305,015 | 147 |
| 2013 | £220,000 | £316,558 | 123 |
| 2012 | £218,800 | £322,046 | 102 |
| 2011 | £240,000 | £362,308 | 91 |
| 2010 | £247,500 | £388,144 | 119 |
| 2009 | £200,000 | £321,502 | 113 |
| 2008 | £210,000 | £344,234 | 85 |
| 2007 | £224,000 | £379,966 | 197 |
| 2006 | £240,000 | £416,609 | 182 |
| 2005 | £198,000 | £352,360 | 121 |
| 2004 | £208,800 | £379,222 | 195 |
| 2003 | £175,000 | £322,392 | 180 |
| 2002 | £140,000 | £263,409 | 194 |
| 2001 | £100,000 | £192,245 | 175 |
| 2000 | £80,000 | £157,000 | 185 |
| 1999 | £80,000 | £159,436 | 225 |
| 1998 | £65,000 | £131,207 | 179 |
| 1997 | £62,200 | £127,560 | 236 |
| 1996 | £56,000 | £118,101 | 181 |
| 1995 | £52,500 | £114,127 | 115 |
In cash terms the typical TR20 home went from £52,500 in 1995 to £368,500 in 2026, roughly 7 times the price. Adjusted for inflation it still comes to a real rise of roughly 223%, so homes here got dearer in substance, not only in cash. The real-terms peak came in 2021, and today's median remains roughly 14% under it: a 2021 buyer is still waiting to get that price back in today's money.
Year-on-year change in the TR20 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 (+40.0% on the year before); the weakest, 2019 (−12.7%). 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 detached houses dominate the record here, 51% of the typed total. In 2024, the last year both were recorded here, a detached home traded at £450,000 against £186,000 for a flat, 2.4 times the price.
Median by property type, TR20
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 | £429,200 | 24 | 2,450 |
| Semi-detached | £282,500 | 8 | 969 |
| Terraced | £233,000 | 7 | 1,153 |
| Flats | £186,000 (2024) | – | 216 |
Annualised returns
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | +11.7% | +9.1% |
| 5 years (since 2021) | +1.6% | −3.1% |
| 10 years (since 2016) | +4.4% | +0.9% |
| 20 years (since 2006) | +2.2% | −0.6% |
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.
Transaction volumes
Sales per year, counted
Annual recorded sales. The post-2008 trough is the financial crisis; treat the final bar as provisional while registrations catch up.
The monthly pulse, last five years
Sales as they reached the register each month. Expect the seasonal sawtooth, and discount the newest months while late entries land.
The register shows 90 TR20 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 179 sales a year before the financial crisis and 104 a year over the last five. Volume matters as much as price: when few homes change hands, the median gets jumpy and a single street can move the figure. The most recent year is always still filling in, because sales appear in the Land Registry weeks or months after completion.
What homes rent for around TR20
For renting purposes TR20 sits in Cornwall. The ONS average private rent there is £1,003 a month (May 2026). The spread runs from £691 a month for a typical one-bed to £1,510 at four-plus bedrooms, which is size doing most of the pricing.
Average monthly rent by size, Cornwall
ONS Price Index of Private Rents, May 2026.
Against the £368,500 median purchase price, a rent of £1,003 a month (£12,036 a year) works out at a 3.3% 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.
The shape of the TR20 market
Only 90 sales completed here in the last twelve months of data, which makes TR20 a thin market. Each figure rests on few transactions, so single streets can swing the median and the charts deserve a sceptical squint. 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. TR20 sits 3 of 23 in its area's price order, well inside the expensive end.
TR20 (Ludgvan): the questions that come up
How much did a house sell for in TR20 (Ludgvan)?
Are property prices falling in TR20 (Ludgvan)?
Is TR20 (Ludgvan) a good place to buy a house?
Are TR20 prices heading up or down?
No honest page predicts prices, so this one sticks to the record: the median is up 8% over five years in cash but down 14% 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.
On the market in TR20 today
Everything above is what homes in TR20 sold for. Turning to what is actually available: 76 homes on the market right now, from 6 agents publishing to HomesIndex, at a typical asking price 12% below the TR20 median sold price.
Of everything listed here, 32% asks less than the sold record of comparable homes. The comparison behind each listing uses recent recorded sales of similar homes close by.
- St. Hilary, Penzance, Cornwall, TR20
- Gulval, Penzance, Cornwall, TR20
- Tonkin Way, Newbridge, Penzance, Corn...
"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 TR20 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
The Land Registry record, split by size: what each kind of home actually sold for across the TR area. Size steps are fiercely local. A third bedroom adds a quarter to the price in some areas and close to four fifths in others, which is why no national rule of thumb survives contact with a real market.
| 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. Blank cells mean too few homes for the figure to mean anything.
The risers and the fallers
TR20 ranks 7 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.
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.
Inside TR20, sector by sector
Below district level sit the sectors, street groups with reports of their own, and the gaps between neighbouring ones can be sharp.
| Sector | Median (latest) | Sales that year |
|---|---|---|
| TR20 8 | £362,000 | 23 |
| TR20 9 | £390,000 | 19 |
How TR20 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 (this report) | £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 | £250,000 | +4% |
| TR15 | £240,000 | +14% |
| TR14 | £230,000 | +18% |
| TR9 | £227,500 | -9% |
Selling in TR20? Start from the sold record
Start from what homes here actually sold for, not an estimate. Before booking a house valuation or flat valuation in TR20, use the average prices map for a rough value: zoom from TR20's shading down to the sold homes on your own street. The figures above are every recorded TR20 sale; agents price with this same Land Registry record, and now you have it too.
Local estate agents: one agent per district gets the featured spot on this report, free for founding agents. Claim TR20.
Dig further
The AI answers from the same Land Registry data this report is built on, already scoped to TR20. Free after a one click sign in.
The live map plots every individual TR20 sale at its exact address, and the average prices map zooms from neighbourhood shading to single homes. For a specific question, the report tool writes a custom answer, and any sale's mortgage and rent calculator runs the numbers on 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.