Morrab Road - TR18 4EZ
Key Postcode Insights
TR18 4EZ is a residential postcode situated on Morrab Road, Penzance, TR18 with 50 addresses.
It ranks as the 819th largest and 62nd 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 50 properties: 18 houses and 32 flats.
- Ave. Sale Price
- £271,588
- 10 Year change
- up 36.2%
- Ave. Rental Price
- £1,040pcm
- 10 Year change
- up 62.2%
- Ave. £ per ft²
- £277/ft²
- Ave. Gross Yield
- 4.6%/year/yr
Key Postcode Insights
TR18 4EZ is a residential postcode situated on Morrab Road, Penzance, TR18 with 50 addresses.
It ranks as the 819th largest and 62nd 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 50 properties: 18 houses and 32 flats.
- Ave. Sale Price
- £271,588
- 10 Year change
- up 36.2%
- Ave. Rental Price
- £1,040pcm
- 10 Year change
- up 62.2%
- Ave. £ per ft²
- £277/ft²
- Ave. Gross Yield
- 4.6%/year/yr
Explore Propertiesin TR18 4EZ
- 10 Morrab Road
Modern Building | 8 Units
- 11 Morrab Road
Building  |  4 Flats
- 12 Morrab Road
5 Bed Period House
- 13 Morrab Road
Period Building | 5 Units
- 14 Morrab Road
5 Bed Period House
Sales Market Trends
The last sale in TR18 4EZ sold for £161,700 on 28th March 2025. Since then prices are down an average of 3.8%.
The current average value in the postcode is £271,588.
The TR18 4EZ Sales Market has increased by 36.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -2.8% | £271,588 |
| June 2025 | -2.5% | £279,393 |
| June 2024 | 2.1% | £286,465 |
| June 2023 | -2.3% | £280,511 |
| June 2022 | 14.3% | £287,229 |
| June 2021 | 15.5% | £251,261 |
| June 2020 | 1.4% | £217,506 |
| June 2019 | 0.1% | £214,569 |
| June 2018 | 3.4% | £214,406 |
| June 2017 | 4% | £207,351 |
| June 2016 | 3.6% | £199,469 |
| June 2015 | 1.3% | £192,571 |
| June 2014 | 1.5% | £190,104 |
| June 2013 | 1.3% | £187,385 |
| June 2012 | -0.5% | £184,969 |
| June 2011 | -1.6% | £185,860 |
| June 2010 | 4.1% | £188,801 |
| June 2009 | -11% | £181,322 |
| June 2008 | -3.2% | £203,642 |
| June 2007 | 0% | £210,345 |
Rental Market Trends
The current average rental value in the postcode is £1,040.
The TR18 4EZ Rental Market has increased by 62.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 5.3% | £1,040pcm |
| June 2025 | 7.8% | £988pcm |
| June 2024 | 5.4% | £916pcm |
| June 2023 | 4.6% | £869pcm |
| June 2022 | 8.4% | £831pcm |
| June 2021 | 12% | £766pcm |
| June 2020 | 1.7% | £684pcm |
| June 2019 | 3.9% | £673pcm |
| June 2018 | 1.6% | £648pcm |
| June 2017 | -0.6% | £637pcm |
| June 2016 | 1.2% | £641pcm |
| June 2015 | 1.7% | £633pcm |
| June 2014 | 2.7% | £623pcm |
| June 2013 | -1.2% | £606pcm |
| June 2012 | 1.1% | £614pcm |
| June 2011 | 1.7% | £607pcm |
| June 2010 | 2.9% | £597pcm |
| June 2009 | -6.7% | £580pcm |
| June 2008 | 4.7% | £622pcm |
| June 2007 | 0% | £594pcm |
Sales History
The last sale was on 28th March 2025 for £161,700 and since then the market in the area has decreased by 3.8%. The postcode has had a total of 65 sales since 1995.
TR18 4EZ has seen 6 sales in the last three years and no sales in the last twelve months.
- Sold Mar 2025£161,700 | 2 Bed FlatFlat 5, 17, Morrab Road, Penzance, TR18 4EZFlat 5, 17, Morrab Road, Penzance, TR18 4EZ
- Sold Feb 2025£130,000 | 2 Bed FlatFlat 3, 33, Morrab Road, Penzance, TR18 4EZFlat 3, 33, Morrab Road, Penzance, TR18 4EZ
- Sold Oct 2024£625,000 | 4 Bed House29, Morrab Road, Penzance, TR18 4EZ29, Morrab Road, Penzance, TR18 4EZ
- Sold Sep 2024£181,000 | 2 Bed Flat32, Morrab Road, Penzance, TR18 4EZ32, Morrab Road, Penzance, TR18 4EZ
- Sold Dec 2023£515,000 | 5 Bed House25, Morrab Road, Penzance, TR18 4EZ25, Morrab Road, Penzance, TR18 4EZ
Nearby Postcodes
TR18 4EZ is the 819th largest and the 62nd most expensive postcode out of the 841 postcodes in the TR18 area.
- TR18 4DA, Morrab Gardens, Penzance, TR18TR18 4DA3 Addresses|41 m away
- TR18 4EX, Morrab Road, Penzance, TR18TR18 4EX35 Addresses|59 m away
- TR18 4DQ, Morrab Place, Penzance, TR18TR18 4DQ6 Addresses|72 m away
- TR18 4HW, Penlee Manor Drive, Penzance, TR18TR18 4HW30 Addresses|81 m away
- TR18 4EL, Morrab Road, Penzance, TR18TR18 4EL15 Addresses|84 m away
Property Types
- 12 period houses built between 1800 and 1911
- 24 period flats built between 1800 and 1911
- 8 modern flats built after 1980
- 1 house of an unknown age
- 1 flat of an unknown age
- 4 other addresses of unknown type
- period house (12)
- period flat (24)
- modern flat (8)
- house (1)
- flat (1)
- Unknown (4)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 36 properties.
- The most common rating is E.
- A (0)
- E (18)
- B (0)
- F (1)
- C (3)
- G (0)
- D (14)
- No EPC (14)
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 4EZ is Penzance station, which is 800 metres away.
- Penzance|800 m away
- St Erth|9.0 km away
- Lelant Saltings|9.9 km away
- Carbis Bay|10.5 km away
