Morrab Road - TR18 4EL
Key Postcode Insights
TR18 4EL is a residential postcode situated on Morrab Road, Penzance, TR18 with 15 addresses.
It ranks as the 552nd largest and 2nd most expensive of the 841 postcodes in the TR18 area. The most common property type is a period flat built between 1800 and 1911.
The postcode contains a total of 15 properties: 2 houses and 13 flats.
- Ave. Sale Price
- £128,993
- 10 Year change
- up 37.5%
- Ave. Rental Price
- £675pcm
- 10 Year change
- up 63.8%
- Ave. £ per ft²
- £194/ft²
- Ave. Gross Yield
- 6.3%/year/yr
Key Postcode Insights
TR18 4EL is a residential postcode situated on Morrab Road, Penzance, TR18 with 15 addresses.
It ranks as the 552nd largest and 2nd most expensive of the 841 postcodes in the TR18 area. The most common property type is a period flat built between 1800 and 1911.
The postcode contains a total of 15 properties: 2 houses and 13 flats.
- Ave. Sale Price
- £128,993
- 10 Year change
- up 37.5%
- Ave. Rental Price
- £675pcm
- 10 Year change
- up 63.8%
- Ave. £ per ft²
- £194/ft²
- Ave. Gross Yield
- 6.3%/year/yr
Explore Propertiesin TR18 4EL
- Flat
Unknown
- 3 Morrab Road
Building | 2 Flats
- 4 Morrab Road
Building | 3 Flats
- 7 Morrab Road
5 Bed Modern House
- 8 Morrab Road
5 Bed Period House
Sales Market Trends
The last sale in TR18 4EL sold for £440,000 on 26th November 2025. Since then prices are up an average of 0.3%.
The current average value in the postcode is £128,993.
The TR18 4EL Sales Market has increased by 37.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3.3% | £128,993 |
| June 2025 | -1.9% | £133,435 |
| June 2024 | 2.2% | £136,019 |
| June 2023 | -2.7% | £133,129 |
| June 2022 | 14.9% | £136,799 |
| June 2021 | 16.2% | £119,013 |
| June 2020 | 1.2% | £102,382 |
| June 2019 | 0.1% | £101,179 |
| June 2018 | 3.6% | £101,092 |
| June 2017 | 4% | £97,576 |
| June 2016 | 3.6% | £93,823 |
| June 2015 | 0.9% | £90,606 |
| June 2014 | 0.8% | £89,760 |
| June 2013 | 1.3% | £89,039 |
| June 2012 | -0.9% | £87,880 |
| June 2011 | -1.4% | £88,669 |
| June 2010 | 3.7% | £89,967 |
| June 2009 | -11.2% | £86,738 |
| June 2008 | -2.9% | £97,681 |
| June 2007 | 0% | £100,582 |
Rental Market Trends
The current average rental value in the postcode is £675.
The TR18 4EL Rental Market has increased by 63.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4.7% | £675pcm |
| June 2025 | 8.4% | £644pcm |
| June 2024 | 5.5% | £594pcm |
| June 2023 | 4.2% | £564pcm |
| June 2022 | 9% | £541pcm |
| June 2021 | 12.7% | £496pcm |
| June 2020 | 1.5% | £440pcm |
| June 2019 | 3.9% | £433pcm |
| June 2018 | 1.8% | £417pcm |
| June 2017 | -0.5% | £410pcm |
| June 2016 | 1.2% | £412pcm |
| June 2015 | 1.4% | £407pcm |
| June 2014 | 2% | £402pcm |
| June 2013 | -1.2% | £394pcm |
| June 2012 | 0.7% | £398pcm |
| June 2011 | 1.8% | £396pcm |
| June 2010 | 2.5% | £389pcm |
| June 2009 | -7% | £379pcm |
| June 2008 | 5% | £407pcm |
| June 2007 | 0% | £388pcm |
Sales History
The last sale was on 26th November 2025 for £440,000 and since then the market in the area has increased by 0.3%. The postcode has had a total of 6 sales since 1995.
TR18 4EL has seen 2 sales in the last three years and 1 sale in the last twelve months.
- Sold Nov 2025£440,000 | 5 Bed House8, Morrab Road, Penzance, TR18 4EL8, Morrab Road, Penzance, TR18 4EL
- Sold May 2024£75,000 | 1 Bed FlatFlat 5, 9, Morrab Road, Penzance, TR18 4ELFlat 5, 9, Morrab Road, Penzance, TR18 4EL
- Sold Sep 2012£45,000 | 1 Bed FlatFlat 5, 9, Morrab Road, Penzance, TR18 4ELFlat 5, 9, Morrab Road, Penzance, TR18 4EL
- Sold Jul 2010£42,000 | 1 Bed FlatFlat 6, 9, Morrab Road, Penzance, TR18 4ELFlat 6, 9, Morrab Road, Penzance, TR18 4EL
- Sold Nov 1996£32,500 | 1 Bed Flat9A, Morrab Road, Penzance, TR18 4EL9A, Morrab Road, Penzance, TR18 4EL
Nearby Postcodes
TR18 4EL is the 552nd largest and the 2nd most expensive postcode out of the 841 postcodes in the TR18 area.
- TR18 4DG, Morrab Place, Penzance, TR18TR18 4DG26 Addresses|44 m away
- TR18 4EP, Morrab Road, Penzance, TR18TR18 4EP4 Addresses|53 m away
- TR18 4DQ, Morrab Place, Penzance, TR18TR18 4DQ6 Addresses|65 m away
- TR18 4DD, Victoria Place, Penzance, TR18TR18 4DD3 Addresses|75 m away
- TR18 4EZ, Morrab Road, Penzance, TR18TR18 4EZ50 Addresses|84 m away
Property Types
- 1 period house built between 1800 and 1911
- 12 period flats built between 1800 and 1911
- 1 modern house built after 1980
- 1 other address of unknown type
- period house (1)
- period flat (12)
- modern house (1)
- Unknown (1)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 11 properties.
- The most common rating is D.
- A (0)
- E (2)
- B (0)
- F (0)
- C (0)
- G (0)
- D (9)
- No EPC (4)
Top 3 Most Expensive Sales
- Sold Oct 2024£625,000 | 4 Bed House29, Morrab Road, Penzance, TR18 4EZ29, Morrab Road, Penzance, TR18 4EZ
- Sold Sep 2022£589,000 | 5 Bed House21, Morrab Road, Penzance, TR18 4EZ21, Morrab Road, Penzance, TR18 4EZ
- Sold Apr 2023£580,000 | 5 Bed House51, Morrab Road, Penzance, TR18 4EX51, Morrab Road, Penzance, TR18 4EX
Schools Nearby
- St Mary's CofE Primary School, Penzance300 m away
- Alverton Primary School700 m away
- Pensans Community Primary School1.0 km away
- Humphry Davy School900 m away
- Mounts Bay Academy1.8 km away
- St Ives School10.3 km away
More reading links
Public Transport Nearby
The closest station to TR18 4EL is Penzance station, which is 700 metres away.
- Penzance|700 m away
- St Erth|9.0 km away
- Lelant Saltings|9.8 km away
- Carbis Bay|10.4 km away
