# Penzance (TR18), South West Penzance postcode district shows modest performance metrics relative to national standards, with a trajectory score of 39.8 out of 100 placing it in the 5th percentile. Over five years, property prices expanded at a compound annual growth rate of 1.8%, whilst rental growth outpaced this significantly at 5.4% annually. Population increased marginally by 0.7% across the five-year period. The district currently sits at the latent stage of gentrification, indicating limited urban transformation activity to date. These figures suggest a market characterised by rental yield strength relative to capital appreciation, with demographic expansion remaining constrained.
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See plans from £20/moKey signals
- 1Property prices up 1.1% over 5 years (5yr CAGR)
- 2Rents growing at 5.4% per year
- 3Population growing at 0.7% per year
Nearby districts
What's changing in Penzance · June 2026
The trajectory score moved up 1.3 points this month to 41/100, driven mainly by safety.
29 planning applications submitted in TR18 over the last six months, 1 change of use.
- Change of use of an internal storage unit (Use Class E) to an indoor skatepark facility (Use Class F2 / sui generis), including installation of non-permanent ramps and associated recreational use.Jun 2026 · Awaiting decision
- Construction of juliet balcony and associated worksJun 2026 · Awaiting decision
- The Electronic Communications Code (Conditions and restrictions)(Amendment) Regulations 2017 BT intends to install fixed line broadband electronic communications apparatusJun 2026 · Decided
Penzance (TR18) common questions
Is Penzance up and coming?
Penzance (TR18) has a trajectory score of 41/100 (Average), placing it in the top 91% of postcode districts in England and Wales. The score is up 0.8 points over the last 12 months. The score combines price momentum, demand, transformation, economy, safety and risk signals from public data, updated monthly.
Is Penzance safe?
Penzance has a safety score of 47/100 on Praesago's index, based on police.uk recorded crime data.
What is the average house price in Penzance?
The average property price in Penzance (TR18) is £269k as of January 2026, based on UK House Price Index data. Prices have grown at 1.1% per year over the last five years.
What is the average rent in Penzance?
The median monthly rent in Penzance (TR18) is £996 (2026), based on ONS private rental data.
Which areas are near Penzance?
Neighbouring postcode districts include Penzance (TR20), Marazion (TR17), Penzance (TR19), Camborne (TR14), Helston (TR13). Each has its own monthly data page on Praesago.
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Disclaimer: Praesago provides data analytics and market intelligence. Nothing on this platform constitutes financial advice, investment advice, or a personal recommendation. Property values can fall as well as rise. Past performance does not predict future results. Seek independent financial and legal advice before making property investment decisions.