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Bricks&Logic is a trading name of Urban Markets Ltd
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Registered Address: 2 Leman St, London E1 8FA
TR18 2REHouse Prices / South West, Cornwall, Penalverne Drive
Last updated May 2026
Key Postcode Insights
TR18 2RE is a residential postcode situated on Penalverne Drive, Penzance, TR18 with 4 addresses.
It ranks as the 146th largest and 422nd most expensive of the 841 postcodes in the TR18 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 4 properties: 4 houses.
4
Properties
- Houses
Key Postcode Insights
TR18 2RE is a residential postcode situated on Penalverne Drive, Penzance, TR18 with 4 addresses.
It ranks as the 146th largest and 422nd most expensive of the 841 postcodes in the TR18 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 4 properties: 4 houses.
4
Properties
- Houses
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House Pricesin TR18 2RE
Sale prices range from £265,527 for 3 bedroom freehold houses with a garden (1,044 ft2) to £270,977 for 3 bedroom freehold houses with a garden (1,044 ft2) .
Monthly rental prices range from £1,283 pcm for 3 bed houses to £1,309 pcm for 3 bed houses.
The gross rental yield is between 5.8% and 5.8%.
The average value per square foot is £260.
Average Sale Value
£268,863
Average Rental Value
£1,301 pcm
Average Rental Yield
5.8% /year
Average Value Per Sqft
£260 /ft2
Sales Market Trendsin TR18 2RE
The last sale in TR18 2RE sold for £280,000 on 8th May 2024. Since then prices are down an average of 3.9%.
The current average value in the postcode is £268,863.
The TR18 2RE Sales Market has increased by 42.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -4.1% | £268,863 |
| April 2025 | 1.1% | £280,223 |
| April 2024 | -0.9% | £277,270 |
| April 2023 | 2.6% | £279,665 |
| April 2022 | 16.7% | £272,664 |
| April 2021 | 13.4% | £233,561 |
| April 2020 | -1.2% | £206,035 |
| April 2019 | 1.8% | £208,609 |
| April 2018 | 4% | £204,971 |
| April 2017 | 4.4% | £197,074 |
| April 2016 | 6% | £188,723 |
| April 2015 | 0.1% | £178,069 |
| April 2014 | 1.7% | £177,842 |
| April 2013 | 3.5% | £174,853 |
| April 2012 | 0% | £168,917 |
| April 2011 | -1.2% | £168,932 |
| April 2010 | 4.8% | £170,947 |
| April 2009 | -13.5% | £163,141 |
| April 2008 | -1.9% | £188,603 |
| April 2007 | 0% | £192,279 |
Rental Market Trendsin TR18 2RE
The current average rental value in the postcode is £1,301.
The TR18 2RE Rental Market has increased by 72.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4% | £1,301pcm |
| April 2025 | 10.8% | £1,251pcm |
| April 2024 | 4.2% | £1,129pcm |
| April 2023 | 5.5% | £1,084pcm |
| April 2022 | 10.7% | £1,027pcm |
| April 2021 | 12% | £928pcm |
| April 2020 | 1.6% | £828pcm |
| April 2019 | 3.3% | £815pcm |
| April 2018 | 3% | £790pcm |
| April 2017 | 1.4% | £767pcm |
| April 2016 | 0.4% | £756pcm |
| April 2015 | 2.9% | £753pcm |
| April 2014 | 2.6% | £732pcm |
| April 2013 | 0.6% | £713pcm |
| April 2012 | 1.6% | £709pcm |
| April 2011 | 2.1% | £698pcm |
| April 2010 | 3.1% | £683pcm |
| April 2009 | -8.1% | £663pcm |
| April 2008 | 5.2% | £721pcm |
| April 2007 | 0% | £685pcm |
Explore Propertiesin TR18 2RE, Penalverne Drive, Penzance, TR18
- 1, Penalverne Drive, Penzance, TR18 2RE
- 2, Penalverne Drive, Penzance, TR18 2RE3 bed mid-century house
- 3, Penalverne Drive, Penzance, TR18 2RE
- 4, Penalverne Drive, Penzance, TR18 2RE3 bed early-century house
Sales Historyin TR18 2RE
The last sale was on 8th May 2024 for £280,000 and since then the market in the area has decreased by 3.9%. The postcode has had a total of 2 sales since 1995.
TR18 2RE has seen 1 sale in the last three years and no sales in the last twelve months.
Nearby Postcodesto TR18 2RE
TR18 2RE is the 146th largest and the 422nd most expensive postcode out of the 841 postcodes in the TR18 area.
- 36 mTR18 2RF, Penalverne Drive, Penzance, TR18TR18 2RF4 Addresses
- 39 mTR18 2QB, Tencreek Avenue, Penzance, TR18TR18 2QB14 Addresses
- 84 mTR18 2RH, Carminowe Crescent, Penzance, TR18TR18 2RH10 Addresses
- 87 mTR18 2QD, Trendeal Gardens, Penzance, TR18TR18 2QD8 Addresses
- 93 mTR18 2GE, Alverton Road, Penzance, TR18TR18 2GE6 Addresses
- 94 mTR18 2RB, Penalverne Crescent, Penzance, TR18TR18 2RB24 Addresses
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Property Typesin TR18 2RE
- 1 mid-century house built between 1936 and 1979
- 1 early-century house built between 1912 and 1935
- 2 other addresses of unknown type
- mid-century house (1)
- early-century house (1)
- Unknown (2)
Energy Efficiencyof properties in TR18 2RE
- Energy Performance Certificate (EPC) surveys conducted for 2 properties.
- The dominant rating is D.
- A (0)
- E (1)
- B (0)
- F (0)
- C (0)
- G (0)
- D (1)
- No EPC (2)
Top 3 Most Expensive Saleson Penalverne Drive
Schools Nearbyto TR18 2RE
The nearest primary school to TR18 2RE is St Mary's CofE Primary School, Penzance which is 634 metres away.
- 634mSt Mary's CofE Primary School, Penzance
- 654mPensans Community Primary School
- 791mAlverton Primary School
The nearest secondary school is Humphry Davy School which is 591 metres away.
- 591mHumphry Davy School
- 1.5kmMounts Bay Academy
- 10.1kmSt Ives School
More reading links
Public Transport Nearbyto TR18 2RE
The closest station to TR18 2RE is Penzance station which is 700 metres away.
- 663mPenzance
- 8.9kmSt Erth
- 9.7kmLelant Saltings
- 10.2kmCarbis Bay
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