Morrab Road - TR18 4EX
Key Postcode Insights
TR18 4EX is a residential postcode situated on Morrab Road, Penzance, TR18 with 35 addresses.
It ranks as the 766th largest and 126th 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 35 properties: 11 houses and 24 flats.
- Ave. Sale Price
- £232,402
- 10 Year change
- up 35.2%
- Ave. Rental Price
- £1,021pcm
- 10 Year change
- up 61.0%
- Ave. £ per ft²
- £247/ft²
- Ave. Gross Yield
- 5.3%/year/yr
Key Postcode Insights
TR18 4EX is a residential postcode situated on Morrab Road, Penzance, TR18 with 35 addresses.
It ranks as the 766th largest and 126th 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 35 properties: 11 houses and 24 flats.
- Ave. Sale Price
- £232,402
- 10 Year change
- up 35.2%
- Ave. Rental Price
- £1,021pcm
- 10 Year change
- up 61.0%
- Ave. £ per ft²
- £247/ft²
- Ave. Gross Yield
- 5.3%/year/yr
Explore Propertiesin TR18 4EX
- 36 Morrab Road
Period Building | 6 Units
- 37 Morrab Road
5 Bed Period House
- 39 Morrab Road
Building  |  3 Flats
- 40 Morrab Road
Period Building | 6 Units
- 42 Morrab Road
4 Bed House
Sales Market Trends
The last sale in TR18 4EX sold for £580,000 on 28th April 2023. Since then prices are up an average of 24.6%.
The current average value in the postcode is £232,402.
The TR18 4EX Sales Market has increased by 35.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -2.9% | £232,402 |
| June 2025 | -2.6% | £239,362 |
| June 2024 | 2.3% | £245,837 |
| June 2023 | -2.4% | £240,425 |
| June 2022 | 14.1% | £246,247 |
| June 2021 | 15.4% | £215,860 |
| June 2020 | 1.4% | £187,057 |
| June 2019 | 0.1% | £184,414 |
| June 2018 | 3.2% | £184,256 |
| June 2017 | 3.8% | £178,509 |
| June 2016 | 3.6% | £171,945 |
| June 2015 | 1.2% | £165,937 |
| June 2014 | 1.4% | £163,929 |
| June 2013 | 1.2% | £161,637 |
| June 2012 | -0.5% | £159,762 |
| June 2011 | -1.5% | £160,631 |
| June 2010 | 3.8% | £163,117 |
| June 2009 | -10.7% | £157,105 |
| June 2008 | -3.2% | £175,944 |
| June 2007 | 0% | £181,710 |
Rental Market Trends
The current average rental value in the postcode is £1,021.
The TR18 4EX Rental Market has increased by 61.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 5.1% | £1,021pcm |
| June 2025 | 7.6% | £971pcm |
| June 2024 | 5.5% | £902pcm |
| June 2023 | 4.6% | £855pcm |
| June 2022 | 8.2% | £817pcm |
| June 2021 | 11.9% | £755pcm |
| June 2020 | 1.7% | £675pcm |
| June 2019 | 3.9% | £663pcm |
| June 2018 | 1.4% | £638pcm |
| June 2017 | -0.7% | £629pcm |
| June 2016 | 1.2% | £634pcm |
| June 2015 | 1.7% | £626pcm |
| June 2014 | 2.7% | £616pcm |
| June 2013 | -1.4% | £600pcm |
| June 2012 | 1% | £608pcm |
| June 2011 | 1.7% | £602pcm |
| June 2010 | 2.6% | £592pcm |
| June 2009 | -6.4% | £577pcm |
| June 2008 | 4.7% | £616pcm |
| June 2007 | 0% | £589pcm |
Sales History
The last sale was on 28th April 2023 for £580,000 and since then the market in the area has increased by 24.6%. The postcode has had a total of 36 sales since 1995.
TR18 4EX has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Apr 2023£580,000 | 5 Bed House51, Morrab Road, Penzance, TR18 4EX51, Morrab Road, Penzance, TR18 4EX
- Sold Jun 2020£425,000 | 5 Bed House53, Morrab Road, Penzance, TR18 4EX53, Morrab Road, Penzance, TR18 4EX
- Sold Feb 2020£115,000 | 2 Bed FlatFlat 3, 44, Morrab Road, Penzance, TR18 4EXFlat 3, 44, Morrab Road, Penzance, TR18 4EX
- Sold Feb 2018£379,950 | 5 Bed House48, Morrab Road, Penzance, TR18 4EX48, Morrab Road, Penzance, TR18 4EX
- Sold Aug 2017£113,000 | 2 Bed FlatFlat 2, 44, Morrab Road, Penzance, TR18 4EXFlat 2, 44, Morrab Road, Penzance, TR18 4EX
Nearby Postcodes
TR18 4EX is the 766th largest and the 126th most expensive postcode out of the 841 postcodes in the TR18 area.
- TR18 4EZ, Morrab Road, Penzance, TR18TR18 4EZ50 Addresses|59 m away
- TR18 4HN, Cornwall Terrace, Penzance, TR18TR18 4HN12 Addresses|67 m away
- TR18 4HW, Penlee Manor Drive, Penzance, TR18TR18 4HW30 Addresses|75 m away
- TR18 4JB, South Place Folly, Penzance, TR18TR18 4JB10 Addresses|82 m away
- TR18 4DA, Morrab Gardens, Penzance, TR18TR18 4DA3 Addresses|94 m away
Property Types
- 7 period houses built between 1800 and 1911
- 26 period flats built between 1800 and 1911
- 1 house of an unknown age
- 1 other address of unknown type
- period house (7)
- period flat (26)
- house (1)
- Unknown (1)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 28 properties.
- The most common rating is E.
- A (0)
- E (15)
- B (0)
- F (0)
- C (5)
- G (0)
- D (8)
- No EPC (7)
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, Penzance200 m away
- Alverton Primary School700 m away
- Pensans Community Primary School1.1 km away
- Humphry Davy School1.0 km away
- Mounts Bay Academy1.9 km away
- St Ives School10.4 km away
More reading links
Public Transport Nearby
The closest station to TR18 4EX is Penzance station, which is 800 metres away.
- Penzance|800 m away
- St Erth|9.1 km away
- Lelant Saltings|9.9 km away
- Carbis Bay|10.5 km away
