Property profile

2 Prospect Place

Map showing 2, Prospect Place, Penzance

Property Price
150k200k250k300k400k500k750k1.5M

Estimated sale price

£130,000

Flats sold in Penzance East

The box shows the middle 50% of flats sale prices, the whiskers show the 5th to 95th percentile, and the marker shows this property's estimated price.

Half of similar homes sold within the box; most sold within the wider line.

An indicative model estimate, not a survey or formal valuation.

This property vs market

Price per sq ftLocal median £250 per sq ft
£134 per sq ftEstimate vs local median: −£116 per sq ft (−46%)
Local sold pricesMedian for flats in Penzance East
£145,000Estimate vs local median: −£15,000 (−10%)
How this estimate is calculated

Area360's automated valuation uses available property details, recorded sales and local market data to estimate a sale price. This automated estimate is a guide, not a survey, mortgage valuation or formal valuation. See the valuation methodology and limitations.

Estimate calculated .

Property facts

Property typeFlat / Semi-Detached
Construction period1950-1966
Floor area90 m² / 969 sq ft
Rooms4 habitable / 4 heated
Floor level1
EPC ratingE
EPC inspection22 Jul 2016

Sales history

No recorded sales for this property in HM Land Registry data.

Local market

Property prices in Penzance East

Median price£232,500
Price per sq ft£268
Sales (last 12 months)81
Typical range (middle 50%)£180K – £288K

Based on 81 recent sales, the median property price is £232,500 (about £268 per square foot) in Penzance East area, with individual transactions ranging from £65,000 up to £660,000.

Prices by property typelast 12 months

Median sale price, median price per square foot, sales count, and percentile information for each property type in Penzance East over the last year.
TypeSalesMedian£/sq ft
Semi-Detached11£275,000£268
Detached1£260,000£265
Terraced51£238,000£277
Flats18£145,000£250

10-year price trendmedian sale price in Penzance East

Sale price

Ten year median sale price trend for each property type in Penzance East.
YearDetachedFlatsSemi-DetachedTerraced
2016£253,500£169,000£170,000£147,000
2017£277,500£139,950£190,000£160,000
2018£178,000£145,000£197,500£171,000
2019£239,000£140,000£182,000£177,750
2020£202,000£114,750£260,000£165,800
2021£310,000£135,000£285,000£216,250
2022£310,000£132,500£230,000£229,975
2023£360,000£124,000£300,000£229,975
2024£600,000£147,500£306,500£225,000
2025£278,500£120,000£247,500£230,000
2026£165,000£312,500£245,000
Ten year median sale price trend for each property type in Penzance East.

Price per sq ft

Ten year median sale price per square foot trend for each property type in Penzance East.
YearDetachedFlatsSemi-DetachedTerraced
2016£253£217£190£192
2017£226£217£205£196
2018£193£241£190£200
2019£202£236£223£206
2020£253£210£232£212
2021£210£252£289£252
2022£297£268£313£282
2023£360£252£313£303
2024£613£294£328£283
2025£275£215£276£270
2026£258£263£277
Ten year median sale price per square foot trend for each property type in Penzance East.

Price distribution by property typelast 12 months

Price distribution by property type for Penzance East in the last year.

Recent sales

There were 50+ recent sold properties in the last 18 months near TR18 2PS.

Recent sold properties in the last 18 months near TR18 2PS
DateAddressTypeTenurePriceMap
26 Jun 20267, Prospect Place, Penzance, TR18 2PSFlatsLeasehold£125,000
30 May 20255, Prospect Place, Penzance, TR18 2PSFlatsLeasehold£117,500
12 Dec 202511, Tolver Road, Penzance, TR18 2AGSemi-DetachedFreehold£350,000
27 May 20266, Bullock Market Terrace, Penzance, TR18 2PUTerracedFreehold£220,000
28 Mar 20251, Bullock Market Terrace, Penzance, TR18 2PUSemi-DetachedFreehold£185,000

Other properties at this postcode

AddressTenureFloor areaLast sale
3 Prospect Place, PenzanceLeasehold54 m²£122,000 (2025)
4, Prospect Place, Penzance-61 m²-
5 Prospect Place, PenzanceLeasehold46 m²£117,500 (2025)
6 Prospect Place, Penzance-30 m²-
7 Prospect Place, PenzanceLeasehold62 m²£125,000 (2026)
8, Prospect Place, Penzance-65 m²-
9 Prospect Place, Penzance-35 m²-
10 Prospect Place, Penzance-31 m²-
11 Prospect Place, PenzanceLeasehold62 m²£90,000 (2020)
12, Prospect Place, Penzance-37 m²-

Area insights for TR18 2PS

Full area profile →

Overview

Postcode TR18 2PS is located in an urban city, within the Penzance East ward of Cornwall in the South West region, and forms part of the Penzance Quay area. It has very high deprivation and very high crime levels, with around 127.2 crimes per 1,000 residents per year, roughly 1.5× the South West average of 85 per 1,000. The average income per household in Penzance Quay is £36,293 per year. The nearest station is Penzance, about 0.3 miles away. There are 6 primary and 2 secondary schools in the area. There are 3 parks nearby, the closest medium park is Penlee Park.

Crime rate
9/10
Crimes per 1k residents
127
Deprivation level
10/10
Income level
1/10
Social housing
44.9%
Connectivity
N/A
Flood Risk
No risk
Noise Level
No noise

Deprivation level

10/10

Penzance Quay has a very high level of deprivation, ranked at position 2,727 out of 32,844 areas in the United Kingdom, placing it within the top 8% most deprived areas in England.

Crime level

9/10

Penzance Quay has a very high crime rate, with approximately 127.2 reported incidents per 1,000 population each year.

Social housing

44.9%

Approximately 44.9% of homes on this street are social housing provided by a local council or housing association. Across the surrounding area, around 20.4% of dwellings are socially rented.

Income level

1/10

The average income per household in Penzance Quay is £36,293 per year.

Noise Level

No noise

No significant noise sources from railways or roads near TR18 2PS.

Flood risk

No risk

Penzance Quay near TR18 2PS has no flood risk (less than 0.1% chance of a flood each year) from rivers and sea.

Transport

The nearest station is Penzance located about 0.3 miles away. There are 1 stations nearby.

Nearby public transport stations for TR18 2PS
DistanceNameLinesDirections
0.3 mi

Penzance

N/A

Walking directions to Penzance

Parks

Nearby parks and green spaces for TR18 2PS
DistanceNameSizeDirections
0.4 miPenlee ParkMediumWalking directions to Penlee Park
0.4 miMorrab GardensSmallWalking directions to Morrab Gardens
0.2 miPrincess May recreation groundSmallWalking directions to Princess May recreation ground

Area Profile

Population
210
Population density
8,708.3 per km²

Crime

Crime per 1,000 population

Violence and sexual offences
73.42(+120%)
Anti-social behaviour
61.9(+315%)
Criminal damage and arson
18.71(+188%)
Public order
11.52(+76%)
Shoplifting
9.6(+45%)
South West average

Demographics

Ethnic groups

British
197
94.26%
Other White
11
5.26%
Irish
1
0.48%
Total population: 209

Economics

Education (age 16+)

No qualifications
51
27.72%
Level 4+ (Degree)
51
27.72%
Level 2 (GCSEs 9-4)
33
17.93%
Level 1 (GCSEs 3-1)
20
10.87%
Level 3 (A level)
19
10.33%
Total 16+ residents: 184

Housing

Housing tenure

Other social rented
39
33.05%
Owns outright
36
30.51%
Private landlord or letting agency
20
16.95%
Social rents from council
14
11.86%
Owns with a mortgage
8
6.78%
Total households: 118

Schools

In the TR18 2PS postcode area, located within Penzance Quay, there are 6 primary and 2 secondary schools in close proximity.

Nearby primary and secondary schools for TR18 2PS
DistancePhaseNameTypeRating
0.2 miSecondaryHumphry Davy SchoolFoundation school

Good

0.3 miPrimarySt Mary's Catholic School, PenzanceAcademy converter

Good

0.4 miNot applicablePenwith Alternative Provision AcademyAcademy alternative provision converter

Special Measures

Local amenities

4 nearby supermarkets & convenience stores within mi of TR18 2PS

Nearby supermarkets & convenience stores for TR18 2PS
DistanceNameAddressDirections
0.3 miTesco ExpressMarket Jew Street, Cornwall, TR18 2LEWalking directions to Tesco Express
0.3 miCo-op FoodMarket Jew Street, Cornwall, TR18 2LDWalking directions to Co-op Food
0.3 miCo-op FoodQueens Square, Cornwall, TR18 2JJWalking directions to Co-op Food
0.3 miIcelandWharf Road, Cornwall, TR18 2GBWalking directions to Iceland