Property investment stats for Penzance, South West

• Rental yields are solid, with an average of 4.2% and the top local district offering 4.3%.
• The private rental sector is relatively large for the region, ranking in the 73rd percentile, which suggests a stable tenant base.
• The median discount between achieved and asking prices is £5,000 (the typical achieved discount), giving buyers some room to negotiate.

• Liquidity is moderate, with properties spending an average of 91 days on the market, so quick sales should not be expected.
• The unemployment rate is in the 86th percentile, which could impact tenant reliability and local demand.
• The population skews older, with a high proportion aged 60 and above, possibly limiting future demand from younger buyers or renters.

The next twelve months look set to continue the theme of slow but steady progress. With annualised growth over three years at 4.0%, investors should expect gradual appreciation rather than rapid gains. Rental demand is likely to remain stable, given the high proportion of private renters and the relatively high rent-to-income ratio of 24.0%.

Sales volumes — currently at 218 — are respectable for the area, but the market's pace means patience is a virtue. All in all, Penzance seems to reward those with a long-term outlook and a preference for steady, reliable returns over quick wins.