Penzance TR19 has recorded five-year price growth of 1.8% compound annual rate, substantially below the national average, while rental growth reached 5.4% annually over the same period. Population increased modestly by 0.7% across the five-year span. The district scores 38.3 out of 100 on trajectory metrics, placing it in the third percentile nationally. Currently classified as latent stage gentrification, the postcode shows a divergence between capital appreciation and rental returns, suggesting rental yield may be more pronounced than property value increases. Market activity reflects typical characteristics of coastal South West markets with constrained price dynamics relative to rental demand.
Domain breakdown
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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 down 0.5 points this month to 38/100, driven mainly by safety.
32 planning applications submitted in TR19 over the last six months, including 2 new build residential schemes, 1 change of use, 1 demolition.
- Certificate of lawfulness to confirm commencement of works for proposed development under decision PA23/03761 for demolition of extension, outbuilding and garages, conversion of slaughterhouse and barn to form two dwellings and construction of dwelling.Jun 2026 · Awaiting decision
- Use of Newbit as an unrestricted dwelling and use of Foxglove as ancillary accommodation to Newbit (formerly tied to Nineveh Cottage).Jun 2026 · Awaiting decision
- Demolition of 2no. timber clad outbuildings and replacement with a Garden Annex on the 2no. existing concrete slabsJun 2026 · Awaiting decision
Penzance (TR19) common questions
Is Penzance up and coming?
Penzance (TR19) has a trajectory score of 38/100 (Average), placing it in the top 98% of postcode districts in England and Wales. The score is up 5.4 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 80/100 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 (TR19) 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 (TR19) is £996 (2026), based on ONS private rental data.
Which areas are near Penzance?
Neighbouring postcode districts include Penzance (TR18), Penzance (TR20), Marazion (TR17), Camborne (TR14), Hayle (TR27). 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.