Gwavas Road - TR18 5LY
Key Postcode Insights
TR18 5LY is a residential postcode situated on Gwavas Road, Newlyn, Penzance, TR18 with 8 addresses.
It ranks as the 372nd largest and 622nd most expensive of the 841 postcodes in the TR18 area. The most common property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 8 properties: 6 houses and 2 other properties.
- Ave. Sale Price
- £356,565
- 10 Year change
- up 45.0%
- Ave. Rental Price
- £1,402pcm
- 10 Year change
- up 73.2%
- Ave. £ per ft²
- £292/ft²
- Ave. Gross Yield
- 4.7%/year/yr
Key Postcode Insights
TR18 5LY is a residential postcode situated on Gwavas Road, Newlyn, Penzance, TR18 with 8 addresses.
It ranks as the 372nd largest and 622nd most expensive of the 841 postcodes in the TR18 area. The most common property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 8 properties: 6 houses and 2 other properties.
- Ave. Sale Price
- £356,565
- 10 Year change
- up 45.0%
- Ave. Rental Price
- £1,402pcm
- 10 Year change
- up 73.2%
- Ave. £ per ft²
- £292/ft²
- Ave. Gross Yield
- 4.7%/year/yr
Explore Properties in TR18 5LY
- Grey Gull Cottage
House
- Pendor
3 Bed Mid-century House
- Penzer Cottage
3 Bed Modern House
- Penzer House
4 Bed Early-century House
- Silver Seas
House
Sales Market Trends
The last sale in TR18 5LY sold for £185,000 on 6th June 2023. Since then prices are down an average of 3.6%.
The current average value in the postcode is £356,565.
The TR18 5LY Sales Market has increased by 45.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3.5% | £356,565 |
| June 2025 | -2.5% | £369,687 |
| June 2024 | 2% | £379,041 |
| June 2023 | -2.2% | £371,695 |
| June 2022 | 16% | £379,874 |
| June 2021 | 18% | £327,356 |
| June 2020 | 0.9% | £277,305 |
| June 2019 | 1.1% | £274,862 |
| June 2018 | 4.8% | £271,789 |
| June 2017 | 5.4% | £259,222 |
| June 2016 | 4.5% | £245,826 |
| June 2015 | 1.7% | £235,253 |
| June 2014 | 1.5% | £231,307 |
| June 2013 | 1.8% | £227,896 |
| June 2012 | -0.4% | £223,773 |
| June 2011 | 0.2% | £224,563 |
| June 2010 | 6.3% | £224,131 |
| June 2009 | -9.6% | £210,763 |
| June 2008 | -3.7% | £233,073 |
| June 2007 | 0% | £242,105 |
Rental Market Trends
The current average rental value in the postcode is £1,402.
The TR18 5LY Rental Market has increased by 73.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4.4% | £1,402pcm |
| June 2025 | 7.9% | £1,342pcm |
| June 2024 | 5.5% | £1,244pcm |
| June 2023 | 4.6% | £1,180pcm |
| June 2022 | 10.1% | £1,127pcm |
| June 2021 | 14.7% | £1,024pcm |
| June 2020 | 1% | £893pcm |
| June 2019 | 5% | £883pcm |
| June 2018 | 2.9% | £841pcm |
| June 2017 | 1% | £818pcm |
| June 2016 | 2.1% | £809pcm |
| June 2015 | 2% | £793pcm |
| June 2014 | 2.7% | £778pcm |
| June 2013 | -0.7% | £757pcm |
| June 2012 | 1.4% | £762pcm |
| June 2011 | 3.4% | £752pcm |
| June 2010 | 5.1% | £727pcm |
| June 2009 | -5.3% | £692pcm |
| June 2008 | 3.9% | £731pcm |
| June 2007 | 0% | £704pcm |
Sales History
The last recorded sale was on 6th June 2023 for £185,000 and since then the market in the area has decreased by 3.6%.
TR18 5LY has had 3 sales since 1995, with 1 in the last three years and none in the last twelve months.
- Sold Jun 2023£185,000 | 3 Bed HouseTrewarven Studio, Gwavas Road, Penzance, TR18 5LYTrewarven Studio, Gwavas Road, Penzance, TR18 5LY
- Sold Dec 2022£613,000 | 4 Bed HousePenzer House, Gwavas Road, Penzance, TR18 5LYPenzer House, Gwavas Road, Penzance, TR18 5LY
- Sold Oct 2017£306,000 | 4 Bed House20, Gwavas Road, Penzance, TR18 5LY20, Gwavas Road, Penzance, TR18 5LY
Nearby Postcodes
TR18 5LY is the 372nd largest and the 622nd most expensive postcode out of the 841 postcodes in the TR18 area.
- TR18 5LX, Gwavas Road, Newlyn, Penzance, TR18TR18 5LX7 Addresses|68 m away
- TR18 5EG, Gwavas Road, Newlyn, Penzance, TR18TR18 5EG3 Addresses|85 m away
- TR18 5EW, Cairn William Terrace, Newlyn, Penzance, TR18TR18 5EW3 Addresses|88 m away
- TR18 5LU, Gwavas Road, Newlyn, Penzance, TR18TR18 5LU2 Addresses|92 m away
- TR18 5PE, Sea View Terrace, Newlyn, Penzance, TR18TR18 5PE7 Addresses|94 m away
Property Types
- 1 modern house built after 1980
- 2 mid-century houses built between 1936 and 1979
- 3 early-century houses built between 1912 and 1935
- 2 other addresses of unknown type
- modern house (1)
- mid-century house (2)
- early-century house (3)
- Unknown (2)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 6 properties.
- The most common rating is E.
- A (0)
- E (3)
- B (0)
- F (0)
- C (1)
- G (1)
- D (1)
- No EPC (2)
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 School1.4 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 School10.2 km away
More reading links
Public Transport Nearby
The closest station to TR18 5LY is Penzance station, which is 2.6 kilometres away.
- Penzance|2.6 km away
- St Erth|10.8 km away
- Lelant Saltings|11.6 km away
- Lelant|12.3 km away
