Penzance Property Price Guide and Insights

Discover Penzance's 2025 property market: average prices for flats vs. houses, bedroom-count breakdowns, % of homes with gardens or balconies, plus an interactive postcode heatmap.

Author
Lisa Thomson
Writer

Houses

Explore our blog for market insights, guides and a sprinkling of our favourite properties!

What is the average price of a house in Penzance?

The average price for a house in Penzance is £486k, costing on average £1k per sqft.

Average prices of houses by bedroom count are: £246k for a two-bedroom, £460k for a three-bedroom, £627k for a four-bedroom, and £649k for a five-bedroom.

What share of houses in Penzance feature gardens and parking?

In Penzance, 92% of houses have a garden and 51% include parking.

What is the breakdown of property types in Penzance?

The housing mix in Penzance is 56% detached, 10% semi-detached, 23% terraced, and 11% other.

£486k
Average Price
£246k
2 Bed
£460k
3 Bed
£627k
4 Bed
£649k
5 Bed
92%
Have a garden
£1k
per sqft
51%
Include parking
Detached: 56%
Semi-Detached: 10%
Terraced: 23%
Other: 11%

What is the most expensive area in Penzance to buy a home?

The most expensive area to buy a house in Penzance is TR21, where the average property is £590k. The second and third most expensive areas are TR20 with an average price of £499k and TR18 with an average price of £371k .

What is the cheapest area in Penzance to buy a home?

The cheapest area to buy a house in Penzance is TR18, where the average property is £371k. The second and third cheapest areas are TR20 with an average price of £499k and TR21 with an average price of £590k .

Flats and apartments

Explore our blog for market insights, guides and a sprinkling of our favourite properties!

What is the average price of a flat in Penzance?

The average price for a flat in Penzance is £202k, costing on average £319 per sqft.

Average prices of flats by bedroom count are: £145k for a one-bedroom, £259k for a two-bedroom, £277k for a three-bedroom, and N/A for a four-bedroom.

What share of flats in Penzance feature balconies and parking?

In Penzance, 11% of flats have a balcony and 80% include parking.

What is the breakdown of lease types in Penzance?

The leasing mix in Penzance is 95% leasehold and 5% freehold.

£202k
Average Price
£145k
1 Bed
£259k
2 Bed
£277k
3 Bed
N/A
4 Bed
11%
Have a balcony
£319
per sqft
80%
Include parking
Leasehold: 95%
Freehold: 5%

What is the most expensive area in Penzance to buy a flat?

The most expensive area to buy a flat in Penzance is TR18, where the average property is £211k.

What is the cheapest area in Penzance to buy a flat?

The cheapest area to buy a flat in Penzance is TR20, where the average property is £194k.

Looking for a property in Penzance?

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Nearby

Explore our price guides for different nearby postcodes. Each guide provides insights into the local market, average prices, and trends to help you make informed decisions.