Pennance Lane - TR16 5TL
Key Postcode Insights
TR16 5TL is a residential postcode situated on Pennance Lane, Lanner, Redruth, TR16 with 23 addresses.
It ranks as the 566th largest and 532nd most expensive of the 657 postcodes in the TR16 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 23 properties: 22 houses and 1 flat.
- Ave. Sale Price
- £444,916
- 10 Year change
- up 43.4%
- Ave. Rental Price
- £1,336pcm
- 10 Year change
- up 68.2%
- Ave. £ per ft²
- £379/ft²
- Ave. Gross Yield
- 3.6%/year/yr
Key Postcode Insights
TR16 5TL is a residential postcode situated on Pennance Lane, Lanner, Redruth, TR16 with 23 addresses.
It ranks as the 566th largest and 532nd most expensive of the 657 postcodes in the TR16 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 23 properties: 22 houses and 1 flat.
- Ave. Sale Price
- £444,916
- 10 Year change
- up 43.4%
- Ave. Rental Price
- £1,336pcm
- 10 Year change
- up 68.2%
- Ave. £ per ft²
- £379/ft²
- Ave. Gross Yield
- 3.6%/year/yr
Explore Propertiesin TR16 5TL
- Albany
4 Bed Mid-century House
- Bella Vista
Unknown
- Cardene
Unknown
- Chycarn
3 Bed House
- Durlston
4 Bed Mid-century House
Sales Market Trends
The last sale in TR16 5TL sold for £481,650 on 12th August 2022. Since then prices are down an average of 4.3%.
The current average value in the postcode is £444,916.
The TR16 5TL Sales Market has increased by 43.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3.9% | £444,916 |
| June 2025 | -0.5% | £462,973 |
| June 2024 | -2.2% | £465,328 |
| June 2023 | 2.2% | £475,591 |
| June 2022 | 15.4% | £465,130 |
| June 2021 | 12.1% | £402,976 |
| June 2020 | 3.4% | £359,459 |
| June 2019 | 3.3% | £347,593 |
| June 2018 | 2.7% | £336,329 |
| June 2017 | 5.5% | £327,535 |
| June 2016 | 4.1% | £310,357 |
| June 2015 | 0.9% | £298,247 |
| June 2014 | 4.1% | £295,626 |
| June 2013 | -0.9% | £283,864 |
| June 2012 | 0.1% | £286,547 |
| June 2011 | 1.4% | £286,397 |
| June 2010 | 2.7% | £282,529 |
| June 2009 | -9.5% | £275,125 |
| June 2008 | -1.7% | £303,838 |
| June 2007 | 0% | £309,169 |
Rental Market Trends
The current average rental value in the postcode is £1,336.
The TR16 5TL Rental Market has increased by 68.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4.8% | £1,336pcm |
| June 2025 | 7.7% | £1,274pcm |
| June 2024 | 5.5% | £1,183pcm |
| June 2023 | 4.6% | £1,122pcm |
| June 2022 | 9.3% | £1,072pcm |
| June 2021 | 13.7% | £981pcm |
| June 2020 | 1.2% | £863pcm |
| June 2019 | 4.5% | £852pcm |
| June 2018 | 2.3% | £815pcm |
| June 2017 | 0.4% | £797pcm |
| June 2016 | 1.7% | £794pcm |
| June 2015 | 2% | £780pcm |
| June 2014 | 2.9% | £765pcm |
| June 2013 | -0.9% | £744pcm |
| June 2012 | 1.3% | £751pcm |
| June 2011 | 2.7% | £741pcm |
| June 2010 | 4.5% | £722pcm |
| June 2009 | -6.1% | £691pcm |
| June 2008 | 4.2% | £736pcm |
| June 2007 | 0% | £706pcm |
Sales History
The last sale was on 12th August 2022 for £481,650 and since then the market in the area has decreased by 4.3%. The postcode has had a total of 24 sales since 1995.
TR16 5TL has seen no sales in the last three years and no sales in the last twelve months.
- Sold Aug 2022£481,650 | 4 Bed HousePenvearne, Pennance Lane, Redruth, TR16 5TLPenvearne, Pennance Lane, Redruth, TR16 5TL
- Sold Jul 2022£485,000 | 3 Bed HouseMaytree Cottage, Pennance Lane, Redruth, TR16 5TLMaytree Cottage, Pennance Lane, Redruth, TR16 5TL
- Sold May 2016£240,000 | 4 Bed HouseFerndale, Pennance Lane, Redruth, TR16 5TLFerndale, Pennance Lane, Redruth, TR16 5TL
- Sold May 2014£275,000 | 4 Bed HousePenvearne, Pennance Lane, Redruth, TR16 5TLPenvearne, Pennance Lane, Redruth, TR16 5TL
- Sold Aug 2013£249,950 | 4 Bed HouseAlbany, Pennance Lane, Redruth, TR16 5TLAlbany, Pennance Lane, Redruth, TR16 5TL
Nearby Postcodes
TR16 5TL is the 566th largest and the 532nd most expensive postcode out of the 657 postcodes in the TR16 area.
- TR16 5TR, Blackberry Close, Lanner, Redruth, TR16TR16 5TR14 Addresses|60 m away
- TR16 5TN, Penmayne Parc, Lanner, Redruth, TR16TR16 5TN42 Addresses|108 m away
- TR16 5TX, Tayberry Drive, Lanner, Redruth, TR16TR16 5TX10 Addresses|132 m away
- TR16 5TT, Glenside Gardens, Lanner, Redruth, TR16TR16 5TT2 Addresses|134 m away
- TR16 6DU, Ankervis Lane, Lanner, Redruth, TR16TR16 6DU7 Addresses|159 m away
Property Types
- 2 period houses built between 1800 and 1911
- 5 mid-century houses built between 1936 and 1979
- 2 houses of an unknown age
- 14 other addresses of unknown type
- period house (2)
- mid-century house (5)
- house (2)
- Unknown (14)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 7 properties.
- The most common rating is C.
- A (0)
- E (2)
- B (1)
- F (1)
- C (2)
- G (0)
- D (1)
- No EPC (16)
Top 3 Most Expensive Sales
- Sold Jul 2022£485,000 | 3 Bed HouseMaytree Cottage, Pennance Lane, Redruth, TR16 5TLMaytree Cottage, Pennance Lane, Redruth, TR16 5TL
- Sold Aug 2022£481,650 | 4 Bed HousePenvearne, Pennance Lane, Redruth, TR16 5TLPenvearne, Pennance Lane, Redruth, TR16 5TL
- Sold Jul 2018£399,950 | 4 Bed HouseThe Homestead, Pennance Lane, Redruth, TR16 5TWThe Homestead, Pennance Lane, Redruth, TR16 5TW
Schools Nearby
- Lanner Primary School300 m away
- Trewirgie Junior School2.3 km away
- Trewirgie Infants' School2.3 km away
- Redruth School3.2 km away
- Pool Academy5.1 km away
- Camborne Science and International Academy7.9 km away
More reading links
Public Transport Nearby
The closest station to TR16 5TL is Redruth station, which is 2.5 kilometres away.
- Redruth|2.5 km away
- Perranwell|6.4 km away
- Camborne|6.9 km away
- Penryn (Cornwall)|8.3 km away
