Higher Pennance, Lanner, Redruth - TR16 5TU
Key Postcode Insights
TR16 5TU is a residential postcode situated on Higher Pennance, Lanner, Redruth, TR16 with 8 addresses.
It ranks as the 324th largest and 600th most expensive of the 657 postcodes in the TR16 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 8 properties: 8 houses.
- Ave. Sale Price
- £496,390
- 10 Year change
- up 47.4%
- Ave. Rental Price
- £1,256pcm
- 10 Year change
- up 72.3%
- Ave. £ per ft²
- £402/ft²
- Ave. Gross Yield
- 3.0%/year/yr
Key Postcode Insights
TR16 5TU is a residential postcode situated on Higher Pennance, Lanner, Redruth, TR16 with 8 addresses.
It ranks as the 324th largest and 600th most expensive of the 657 postcodes in the TR16 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 8 properties: 8 houses.
- Ave. Sale Price
- £496,390
- 10 Year change
- up 47.4%
- Ave. Rental Price
- £1,256pcm
- 10 Year change
- up 72.3%
- Ave. £ per ft²
- £402/ft²
- Ave. Gross Yield
- 3.0%/year/yr
Explore Propertiesin TR16 5TU
- 1 Pennance Villa Redruth
4 Bed Period House
- Cala Nova
5 Bed Period House
- Croft House
Unknown
- Hideaway
4 Bed Period House
- Nelsons Retreat
Unknown
Sales Market Trends
The last sale in TR16 5TU sold for £605,000 on 21st June 2024. Since then prices are down an average of 4.1%.
The current average value in the postcode is £496,390.
The TR16 5TU Sales Market has increased by 47.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -4% | £496,390 |
| June 2025 | -0.3% | £516,839 |
| June 2024 | -2.4% | £518,349 |
| June 2023 | 2.5% | £531,150 |
| June 2022 | 16.2% | £518,116 |
| June 2021 | 12.9% | £445,708 |
| June 2020 | 3.4% | £394,844 |
| June 2019 | 3.4% | £381,895 |
| June 2018 | 3.2% | £369,210 |
| June 2017 | 6.2% | £357,773 |
| June 2016 | 3.9% | £336,778 |
| June 2015 | 0.9% | £324,187 |
| June 2014 | 4.2% | £321,381 |
| June 2013 | -0.4% | £308,342 |
| June 2012 | 0% | £309,710 |
| June 2011 | 1.5% | £309,741 |
| June 2010 | 3.2% | £305,292 |
| June 2009 | -10% | £295,897 |
| June 2008 | -1.7% | £328,694 |
| June 2007 | 0% | £334,484 |
Rental Market Trends
The current average rental value in the postcode is £1,256.
The TR16 5TU Rental Market has increased by 72.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4.8% | £1,256pcm |
| June 2025 | 8.3% | £1,198pcm |
| June 2024 | 5.1% | £1,106pcm |
| June 2023 | 4.7% | £1,052pcm |
| June 2022 | 10.1% | £1,005pcm |
| June 2021 | 14.2% | £913pcm |
| June 2020 | 1.1% | £800pcm |
| June 2019 | 4.6% | £791pcm |
| June 2018 | 2.9% | £756pcm |
| June 2017 | 0.8% | £735pcm |
| June 2016 | 1.7% | £729pcm |
| June 2015 | 2.1% | £717pcm |
| June 2014 | 2.8% | £702pcm |
| June 2013 | -0.6% | £683pcm |
| June 2012 | 1.4% | £687pcm |
| June 2011 | 2.7% | £677pcm |
| June 2010 | 5.2% | £659pcm |
| June 2009 | -6.5% | £626pcm |
| June 2008 | 4.1% | £670pcm |
| June 2007 | 0% | £644pcm |
Sales History
The last sale was on 21st June 2024 for £605,000 and since then the market in the area has decreased by 4.1%. The postcode has had a total of 10 sales since 1995.
TR16 5TU has seen 2 sales in the last three years and no sales in the last twelve months.
- Sold Jun 2024£605,000 | 4 Bed House1 Pennance Villa, Redruth, TR16 5TU1 Pennance Villa, Redruth, TR16 5TU
- Sold Apr 2024£555,000 | 4 Bed HouseThe Cottage, Redruth, TR16 5TUThe Cottage, Redruth, TR16 5TU
- Sold Oct 2022£720,000 | 4 Bed HouseHideaway, Redruth, TR16 5TUHideaway, Redruth, TR16 5TU
- Sold Jan 2021£450,000 | 4 Bed House1 Pennance Villa, Redruth, TR16 5TU1 Pennance Villa, Redruth, TR16 5TU
- Sold Feb 2016£415,000 | 4 Bed House1 Pennance Villa, Redruth, TR16 5TU1 Pennance Villa, Redruth, TR16 5TU
Nearby Postcodes
TR16 5TU is the 324th largest and the 600th most expensive postcode out of the 657 postcodes in the TR16 area.
- TR16 5TQ, Higher Pennance, Lanner, Redruth, TR16TR16 5TQ28 Addresses|152 m away
- TR16 5TH, Higher Pennance, Lanner, Redruth, TR16TR16 5TH16 Addresses|162 m away
- TR16 5TP, Pennance Terrace, Lanner, Redruth, TR16TR16 5TP17 Addresses|210 m away
- TR16 5TS, Lower Pennance, Lanner, Redruth, TR16TR16 5TS7 Addresses|251 m away
- TR16 5TW, Pennance Lane, Lanner, Redruth, TR16TR16 5TW14 Addresses|275 m away
Property Types
- 4 period houses built between 1800 and 1911
- 4 other addresses of unknown type
- period house (4)
- Unknown (4)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 4 properties.
- The most common rating is B.
- A (0)
- E (0)
- B (1)
- F (0)
- C (1)
- G (1)
- D (1)
- No EPC (4)
Top 3 Most Expensive Sales
Schools Nearby
- Lanner Primary School500 m away
- St Day and Carharrack Community School2.1 km away
- Trewirgie Junior School2.5 km away
- Redruth School3.3 km away
- Pool Academy5.3 km away
- Camborne Science and International Academy8.1 km away
More reading links
Public Transport Nearby
The closest station to TR16 5TU is Redruth station, which is 2.5 kilometres away.
- Redruth|2.5 km away
- Perranwell|6.1 km away
- Camborne|7.1 km away
- Penryn (Cornwall)|8.2 km away
