That is the middle of 602 standard sales recorded by HM Land Registry from September 2023 to August 2026, against £277,000 in the typical UK town. The typical home sells for 6 times as much as in 1995. Below: what each type of home sells for, the spread of prices, every year since 1995, new builds, the busiest streets and the neighbours. Rents and council tax are on Cost of living.
602 homes sold in three years: 79 detached houses, 81 semi-detached houses, 307 terraced houses and 135 flats and maisonettes. A detached house sells for 2.4 times what a flat does.
Detached houses£434K
median sale · 79 sold in 3 years
Middle half
£335K–£525K
Last 12 months
£362K19 sold
Semi-detached houses£285K
median sale · 81 sold in 3 years
Middle half
£250K–£350K
Last 12 months
£285K21 sold
Terraced houses£250K
median sale · 307 sold in 3 years
Middle half
£200K–£310K
Last 12 months
£250K85 sold
Flats and maisonettes£181K
median sale · 135 sold in 3 years
Middle half
£124K–£258K
Last 12 months
£163K32 sold
The mix
A terraced town: half of homes sold are terraced
Detached houses13%
Semi-detached houses13%
Terraced houses51%
Flats and maisonettes22%
Standard sales, Sep 2023 to Aug 2026. A median needs 5 sales of a type; “middle half” is the 25th to 75th percentile of 10 or more.
Price range
Half of Penzance’s homes sold for between £193K and £350K
One sale in ten was under £136K and one in ten over £480K. 45% sold for under £250K.
Sales by price · Sep 2023 to Aug 2026
The median, £255,000, sits in the £250–300K band
602 standard sales. Each bar is the number sold in that price band; the darker bar holds the median.
Since 1995
The typical home costs 6 times as much as in 1995, a faster rise than England’s
Land Registry has recorded every sale since 1995. The median went from £42,500 in 1995 to £255,000 in the last 12 months (£201,000 in 2019).
31 years of sales
Fewer homes sell than in most years
157 sales in the last 12 months, against 364 in 2000, the busiest year, and 170 in 2008. Sales fell by 36% from 2007 to 2009 in the financial crisis, and the median by 12%. 2021, the stamp duty holiday, saw 30% more sales than 2020.
Homes soldMedian sale price
Against England
Penzance costs less than England as a whole
Median sale price each calendar year: Penzance, every standard sale in England, and the typical UK town (the middle of the town medians, towns of 2,500 or more).
By type
Terraced houses rose the most since 1995
1995
2000
2005
2010
2015
2020
Last 12 months
Detached houses
£79K
£127K
£250K
£250K
£303K
£337K
£362K
Semi-detached houses
£52K
£75K
£184K
£188K
£215K
£260K
£285K
Terraced houses
£39K
£59K
£155K
£170K
£165K
£193K
£250K
Flats and maisonettes
£34K
£68K
£165K
£160K
£122K
£144K
£163K
Calendar years; a year’s median needs 5 sales of the type, so gaps are years with fewer.
Prices are as paid, not adjusted for inflation. Standard (category A) sales only; Land Registry adds a sale when it is registered, so the newest months fill in later.
New builds
Hardly any new homes: 0% of sales in the last 12 months
419 new homes have been sold in Penzance since 1995; the share peaked at 17% in 2009.
New-build share of sales
Calendar years with 10 or more sales, then the last 12 months.
New builds and tenure · 3 years
22% of sales were leasehold
Nearly every flat in England and Wales is leasehold; among houses, 2.6% sold leasehold in Penzance. A leasehold buyer owns the home for a fixed term and may pay ground rent and service charges; check the lease before you buy.
Streets
New Town Lane is Penzance’s busiest street, with 11 sales in three years
35 streets had five or more sales from Sep 2023 to Aug 2026, 5 of them ten or more. A busy street is often a new estate selling its first homes, or a long road of terraces and flats.
#
Street
Postcode area
Sales
Median
Homes
1
New Town Lane
TR18
11
£280,000
Mostly flats
2
East Terrace
TR18
11
£135,000
Mostly flats
3
St Marys Terrace
TR18
10
£595,000
Mostly terraced houses
4
St James Street
TR18
10
£197,000
Mostly terraced houses
5
Morrab Road
TR18
10
£188,500
Mostly flats
6
Adelaide Street
TR18
9
£225,000
Mostly terraced houses
7
Rosevean Road
TR18
9
£220,000
Mostly terraced houses
8
Belgravia Street
TR18
8
£285,500
Mostly terraced houses
9
Pendennis Road
TR18
8
£225,000
Mostly terraced houses
10
Caldwells Road
TR18
8
£217,500
Mostly terraced houses
11
Chapel Street
TR18
8
£204,000
Mostly flats
12
Tredarvah Road
TR18
7
£465,000
Mostly detached houses
13
Centenary Way
TR18
7
£295,000
Mixed
14
Chyandour Cliff
TR18
7
£290,999
Mixed
15
Richmond Street
TR18
7
£260,000
Mostly terraced houses
Dearest streets
North Parade: £610,000
Penzance median£255K
North Parade£610K
St Marys Terrace£595K
Tredarvah Road£465K
Alexandra Gardens£408K
Marine Terrace£385K
Cheapest streets
Alverton Terrace: £90,000
Penzance median£255K
Alverton Terrace£90K
East Terrace£135K
Heabrook Parc£180K
Bread Street£184K
St Dominic Street£188K
Among streets with five or more sales; the dearest street’s median is 6.8 times the cheapest’s. Street medians mix types: a street of detached houses beats one of flats.
Standard sales with a street name, grouped by street and postcode district (Sep 2023 to Aug 2026); a name used in two districts shows the district. Medians only: we don’t list individual sales.
Across Cornwall
Penzance is the 23rd most expensive of 35 towns in Cornwall
Penzance is in the middle of Cornwall’s towns to buy in; the typical UK town’s median is £277,000.
Median: standard sales over three years (10+ needed). Since 2016: the median over three years against 2016’s. Miles: centre to centre.
Questions about property prices in Penzance
What is the average house price in Penzance?
The median home in Penzance sold for £255,000 from September 2023 to August 2026, across 602 standard sales (£255,000 in the last 12 months). By type: detached houses £433,500, semi-detached houses £285,000, terraced houses £250,000 and flats and maisonettes £181,000.
Are house prices going up in Penzance?
The median was £260,000 in 2025, about the same on 2024 (£260,000), and £255,000 in the last 12 months. A town’s median moves with the mix of homes sold each year as well as with prices.
How many homes sell in Penzance each year?
157 standard sales were recorded in the last 12 months, against an average of 248 a year since 2015. Repossessions, company purchases and other non-standard sales aren’t counted.
What are the most expensive streets in Penzance?
Among streets with five or more sales in three years: North Parade (TR18, £610,000), St Marys Terrace (TR18, £595,000) and Tredarvah Road (TR18, £465,000).
Is Penzance expensive for Cornwall?
Penzance is the 22nd most expensive of 35 towns of 2,500 or more in Cornwall by median sale price.
Sources: HM Land Registry Price Paid, every standard sale since January 1995 (yearly files of 28 September 2026), inside the ONS 2022 built-up-area boundary by postcode (ONS Postcode Directory) · TownRatings grades: our own summary of the data, ranked against UK towns only. All under the Open Government Licence v3.0.