Property investment stats for Penzance, South West
A complete guide to property investment in Penzance.
Last updated: 18 September 2025
Investment summary
Penzance offers a distinctive investment landscape, with a property market that feels both accessible and quietly resilient. The area has seen capital values change by 1.7% over the past year, and by 12.4% over three years, which hints at steady, if unspectacular, long-term growth. The typical asking price for a three-bedroom house is £320,000, while a two-bedroom flat comes in at £260,000 — not exactly bargain-basement, but certainly not out of reach for many buyers. With a 6.1 price-to-income ratio, affordability sits in a middle ground that could appeal to both investors and residents.
Key investment stats for Penzance
Median price per sq ft
£314 / sq ft
Average rental yield
4.2%
Capital growth (1y)
1.7%
Sales in past year
218
* Property stats calculated for last full calendar year (2024).
Live property stats in Penzance
Live prices in Penzance, South West
* Extreme prices clipped for legibility
Properties for sale
Median price
£285,000
25% of properties below...
£215,000
75% of properties below...
£420,000
Most expensive property
£2,250,000
Live listings
333
Median days on market
93
Should you invest in Penzance?
Opportunities
- 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.
Risks
- Liquidity is moderate, with properties spending an average of 93 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.
Outlook
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.
Property market trends in Penzance
Average yield (%)
* 2025 data for YTD
Median price per sq ft (£/sq ft)
* 2025 data for YTD
Live properties in Penzance
Investment properties in Penzance, South West
£140,000 - Guide Price
2 bedroom apartment for sale
Morrab Road, Penzance, Cornwall
£180,000 - Guide Price
2 bedroom apartment for sale
Causewayhead, Penzance TR18
£165,000
2 bedroom flat for sale
Alexandra Road, Penzance, Cornwall,...
£70,000
1 bedroom apartment for sale
Treweath Road, Penzance, TR18 3PZ
£75,000
1 bedroom retirement property for sale
East Terrace, Penzance, TR18
Achieved vs asking prices
Key takeaway: Balanced market
Buyers have some negotiation leverage, but not much.
Headline stats
• Median discount: £5,000
• 1 in 4 properties sell at > £15,000 below asking
• 1 in 10 properties sell at > £35,500 below asking
In percentage terms:
• Median discount of 1.8%
• 25% of properties discounted by > 4.3%
• 10% of properties discounted by > 8.2%
Best places to invest in Penzance
Top postcodes for rental yield and (annualised) capital growth
Nearby and related areas
Data sources
GeoGlider calculates property investment stats by blending official and proprietary datasets. Here's a quick overview of key sources and how we use them:
HM Land Registry: Property transaction and sold-price records for England & Wales used to calculate historical capital growth, price levels and comparables.
Office for National Statistics (ONS): Demographic and economic indicators for the UK, including Census 2021, supporting area profiling and market context.
Ordnance Survey: Authoritative UK geospatial data powering accurate boundaries, roads and terrain for mapping and spatial analysis.
GeoProp: Our proprietary AI pipeline that processes millions of property listings to extract rich features and live market signals.
Department for Levelling Up, Housing & Communities: Energy Performance Certificate (EPC) scores and property floor areas.
HM Revenue & Customs (HMRC): Household income and employment data to understand local affordability and economic conditions.
Data is updated continuously, matched across sources and rigorously validated.