Pennance Lane - TR16 5TW
Key Postcode Insights
TR16 5TW is a residential postcode situated on Pennance Lane, Lanner, Redruth, TR16 with 14 addresses.
It ranks as the 478th largest and 337th 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 14 properties: 14 houses.
- Ave. Sale Price
- £343,375
- 10 Year change
- up 46.9%
- Ave. Rental Price
- £1,355pcm
- 10 Year change
- up 72.4%
- Ave. £ per ft²
- £339/ft²
- Ave. Gross Yield
- 4.7%/year/yr
Key Postcode Insights
TR16 5TW is a residential postcode situated on Pennance Lane, Lanner, Redruth, TR16 with 14 addresses.
It ranks as the 478th largest and 337th 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 14 properties: 14 houses.
- Ave. Sale Price
- £343,375
- 10 Year change
- up 46.9%
- Ave. Rental Price
- £1,355pcm
- 10 Year change
- up 72.4%
- Ave. £ per ft²
- £339/ft²
- Ave. Gross Yield
- 4.7%/year/yr
Explore Propertiesin TR16 5TW
- Dunelm
3 Bed Mid-century House
- Figgy Dowdy
4 Bed Modern House
- Glengeraint
House
- Lamorna
3 Bed Mid-century House
- Marlan
House
Sales Market Trends
The last sale in TR16 5TW sold for £325,000 on 23rd August 2019. Since then prices are up an average of 29.1%.
The current average value in the postcode is £343,375.
The TR16 5TW Sales Market has increased by 46.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3.9% | £343,375 |
| June 2025 | 0.2% | £357,135 |
| June 2024 | -2.4% | £356,319 |
| June 2023 | 2.3% | £365,166 |
| June 2022 | 16.1% | £356,879 |
| June 2021 | 12.6% | £307,388 |
| June 2020 | 3.3% | £273,073 |
| June 2019 | 3.6% | £264,408 |
| June 2018 | 3.2% | £255,205 |
| June 2017 | 5.7% | £247,195 |
| June 2016 | 4.2% | £233,778 |
| June 2015 | 1% | £224,250 |
| June 2014 | 4.2% | £221,952 |
| June 2013 | -0.8% | £212,941 |
| June 2012 | 0.3% | £214,587 |
| June 2011 | 1.4% | £214,004 |
| June 2010 | 3.3% | £211,007 |
| June 2009 | -10.1% | £204,219 |
| June 2008 | -1.6% | £227,102 |
| June 2007 | 0% | £230,741 |
Rental Market Trends
The current average rental value in the postcode is £1,355.
The TR16 5TW Rental Market has increased by 72.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4.9% | £1,355pcm |
| June 2025 | 8.5% | £1,292pcm |
| June 2024 | 5.2% | £1,191pcm |
| June 2023 | 4.7% | £1,132pcm |
| June 2022 | 9.9% | £1,081pcm |
| June 2021 | 14.2% | £984pcm |
| June 2020 | 1.1% | £862pcm |
| June 2019 | 4.8% | £852pcm |
| June 2018 | 2.9% | £813pcm |
| June 2017 | 0.5% | £790pcm |
| June 2016 | 1.9% | £786pcm |
| June 2015 | 2.1% | £772pcm |
| June 2014 | 3% | £756pcm |
| June 2013 | -0.7% | £734pcm |
| June 2012 | 1.5% | £739pcm |
| June 2011 | 2.8% | £728pcm |
| June 2010 | 5.1% | £709pcm |
| June 2009 | -6.8% | £674pcm |
| June 2008 | 4.3% | £723pcm |
| June 2007 | 0% | £693pcm |
Sales History
The last sale was on 23rd August 2019 for £325,000 and since then the market in the area has increased by 29.1%. The postcode has had a total of 15 sales since 1995.
TR16 5TW has seen no sales in the last three years and no sales in the last twelve months.
- Sold Aug 2019£325,000 | 4 Bed HousePennance House, Pennance Lane, Redruth, TR16 5TWPennance House, Pennance Lane, Redruth, TR16 5TW
- Sold May 2019£317,000 | 4 Bed HouseFiggy Dowdy, Pennance Lane, Redruth, TR16 5TWFiggy Dowdy, Pennance Lane, Redruth, TR16 5TW
- Sold Jul 2018£399,950 | 4 Bed HouseThe Homestead, Pennance Lane, Redruth, TR16 5TWThe Homestead, Pennance Lane, Redruth, TR16 5TW
- Sold Jun 2015£177,000 | 3 Bed House3, Pennance Lane, Redruth, TR16 5TW3, Pennance Lane, Redruth, TR16 5TW
- Sold Aug 2014£172,500 | 3 Bed House3, Pennance Lane, Redruth, TR16 5TW3, Pennance Lane, Redruth, TR16 5TW
Nearby Postcodes
TR16 5TW is the 478th largest and the 337th most expensive postcode out of the 657 postcodes in the TR16 area.
- TR16 5TT, Glenside Gardens, Lanner, Redruth, TR16TR16 5TT2 Addresses|81 m away
- TR16 6HQ, Woodlands Terrace, Lanner, Redruth, TR16TR16 6HQ7 Addresses|93 m away
- TR16 5TP, Pennance Terrace, Lanner, Redruth, TR16TR16 5TP17 Addresses|103 m away
- TR16 6HJ, Lanner, Redruth, TR16TR16 6HJ13 Addresses|108 m away
- TR16 6HL, Lanmoor Estate, Lanner, Redruth, TR16TR16 6HL18 Addresses|122 m away
Property Types
- 2 period houses built between 1800 and 1911
- 1 modern house built after 1980
- 5 mid-century houses built between 1936 and 1979
- 1 house of an unknown age
- 5 other addresses of unknown type
- period house (2)
- modern house (1)
- mid-century house (5)
- house (1)
- Unknown (5)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 8 properties.
- The most common rating is E.
- A (0)
- E (4)
- B (0)
- F (2)
- C (1)
- G (1)
- D (0)
- No EPC (6)
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 School200 m away
- St Day and Carharrack Community School2.4 km away
- Trewirgie Junior School2.5 km away
- Redruth School3.4 km away
- Pool Academy5.3 km away
- Camborne Science and International Academy8.0 km away
More reading links
Public Transport Nearby
The closest station to TR16 5TW is Redruth station, which is 2.7 kilometres away.
- Redruth|2.7 km away
- Perranwell|6.2 km away
- Camborne|7.0 km away
- Penryn (Cornwall)|8.1 km away
