Gwavas Road - TR18 5LU
Key Postcode Insights
TR18 5LU is a residential postcode situated on Gwavas Road, Newlyn, Penzance, TR18 with 2 addresses.
It ranks as the 75th largest and 672nd most expensive of the 841 postcodes in the TR18 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 2 properties: 2 houses.
- Ave. Sale Price
- £393,385
- 10 Year change
- up 44.9%
- Ave. Rental Price
- £1,404pcm
- 10 Year change
- up 73.0%
- Ave. £ per ft²
- £301/ft²
- Ave. Gross Yield
- 4.3%/year/yr
Key Postcode Insights
TR18 5LU is a residential postcode situated on Gwavas Road, Newlyn, Penzance, TR18 with 2 addresses.
It ranks as the 75th largest and 672nd most expensive of the 841 postcodes in the TR18 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 2 properties: 2 houses.
- Ave. Sale Price
- £393,385
- 10 Year change
- up 44.9%
- Ave. Rental Price
- £1,404pcm
- 10 Year change
- up 73.0%
- Ave. £ per ft²
- £301/ft²
- Ave. Gross Yield
- 4.3%/year/yr
Sales Market Trends
The last sale in TR18 5LU sold for £610,000 on 11th March 2022. Since then prices are up an average of 51.3%.
The current average value in the postcode is £393,385.
The TR18 5LU Sales Market has increased by 44.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3.2% | £393,385 |
| June 2025 | -2% | £406,391 |
| June 2024 | 1.8% | £414,893 |
| June 2023 | -2.1% | £407,472 |
| June 2022 | 15.9% | £416,283 |
| June 2021 | 17.7% | £359,198 |
| June 2020 | 0.9% | £305,145 |
| June 2019 | 1.1% | £302,334 |
| June 2018 | 4.8% | £299,142 |
| June 2017 | 5.1% | £285,323 |
| June 2016 | 4.4% | £271,488 |
| June 2015 | 1.8% | £259,956 |
| June 2014 | 1.7% | £255,332 |
| June 2013 | 1.8% | £251,178 |
| June 2012 | -0.3% | £246,776 |
| June 2011 | -0.1% | £247,429 |
| June 2010 | 6.4% | £247,778 |
| June 2009 | -10.4% | £232,952 |
| June 2008 | -3.5% | £260,101 |
| June 2007 | 0% | £269,406 |
Rental Market Trends
The current average rental value in the postcode is £1,404.
The TR18 5LU Rental Market has increased by 73.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4.8% | £1,404pcm |
| June 2025 | 8.3% | £1,339pcm |
| June 2024 | 5.3% | £1,236pcm |
| June 2023 | 4.7% | £1,174pcm |
| June 2022 | 10% | £1,122pcm |
| June 2021 | 14.4% | £1,020pcm |
| June 2020 | 1.1% | £892pcm |
| June 2019 | 4.9% | £882pcm |
| June 2018 | 2.9% | £840pcm |
| June 2017 | 0.7% | £817pcm |
| June 2016 | 2% | £811pcm |
| June 2015 | 2.1% | £795pcm |
| June 2014 | 2.9% | £779pcm |
| June 2013 | -0.7% | £757pcm |
| June 2012 | 1.4% | £763pcm |
| June 2011 | 3% | £752pcm |
| June 2010 | 5.1% | £730pcm |
| June 2009 | -6.2% | £695pcm |
| June 2008 | 4.2% | £741pcm |
| June 2007 | 0% | £711pcm |
Sales History
The last recorded sale was on 11th March 2022 for £610,000 and since then the market in the area has increased by 51.3%.
TR18 5LU has had 3 sales since 1995, none of them in the last three years.
- Sold Mar 2022£610,000 | 4 Bed HouseGlendurgan, Gwavas Road, Penzance, TR18 5LUGlendurgan, Gwavas Road, Penzance, TR18 5LU
- Sold Jun 2015£228,000 | 3 Bed HouseThe Haven, Gwavas Road, Penzance, TR18 5LUThe Haven, Gwavas Road, Penzance, TR18 5LU
- Sold Mar 2014£210,000 | 3 Bed HouseThe Haven, Gwavas Road, Penzance, TR18 5LUThe Haven, Gwavas Road, Penzance, TR18 5LU
Nearby Postcodes
TR18 5LU is the 75th largest and the 672nd most expensive postcode out of the 841 postcodes in the TR18 area.
- TR18 5PE, Sea View Terrace, Newlyn, Penzance, TR18TR18 5PE7 Addresses|32 m away
- TR18 5PF, Newlyn, Penzance, TR18TR18 5PF7 Addresses|36 m away
- TR18 5LS, The Bowjey Hill, Newlyn, Penzance, TR18TR18 5LS3 Addresses|44 m away
- TR18 5EL, Lyn Terrace, Newlyn, Penzance, TR18TR18 5EL6 Addresses|58 m away
- TR18 5LX, Gwavas Road, Newlyn, Penzance, TR18TR18 5LX7 Addresses|61 m away
Property Types
- 1 mid-century house built between 1936 and 1979
- 1 early-century house built between 1912 and 1935
- mid-century house (1)
- early-century house (1)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 2 properties.
- The most common rating is D.
- A (0)
- E (0)
- B (0)
- F (1)
- C (0)
- G (0)
- D (1)
- No EPC (0)
Top 3 Most Expensive Sales
- Sold Dec 2022£613,000 | 4 Bed HousePenzer House, Gwavas Road, Penzance, TR18 5LYPenzer House, Gwavas Road, Penzance, TR18 5LY
- Sold Mar 2022£610,000 | 4 Bed HouseGlendurgan, Gwavas Road, Penzance, TR18 5LUGlendurgan, Gwavas Road, Penzance, TR18 5LU
- Sold Jun 2013£385,000 | 4 Bed HousePetros, Gwavas Road, Penzance, TR18 5LXPetros, Gwavas Road, Penzance, TR18 5LX
Schools Nearby
- Newlyn School900 m away
- Alverton Primary School1.5 km away
- St Mary's CofE Primary School, Penzance1.6 km away
- Humphry Davy School2.7 km away
- Mounts Bay Academy3.1 km away
- Cape Cornwall School10.3 km away
More reading links
Public Transport Nearby
The closest station to TR18 5LU is Penzance station, which is 2.6 kilometres away.
- Penzance|2.6 km away
- St Erth|10.7 km away
- Lelant Saltings|11.6 km away
- Lelant|12.2 km away
