Property profile

Flat 117, Morrab Road

TR18 4EZ

Penzance Promenade

Area profile →

Map showing Flat 1, 17, Morrab Road, Penzance

Property Price
150k200k250k300k400k500k750k1.5M

Estimated sale price

£165,000

Flats sold in Penzance Promenade

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

Last sold16 Jul 2012
£125,000Change since last sale: +£39,000 (+31%)
Annualised change
+1.9% per yearCornwall annualised change (flats) since 2012: +1.6% per yearThis property's value is moving in line with the market
Price per sq ftLocal median £274 per sq ft
£279 per sq ftEstimate vs local median: +£4 per sq ft (+1.5%)
Local sold pricesMedian for flats in Penzance Promenade
£190,000Estimate vs local median: −£26,000 (−14%)
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 / End-Terrace
TenureLeasehold
Construction periodbefore 1900
Floor area55 m² / 587 sq ft
Rooms2 habitable / 2 heated
Floor levelGround
EPC ratingF
EPC inspection18 Feb 2011

Sales history

DatePriceChange
16 Jul 2012£125,000+0%
13 Mar 2008£125,000-

Local market

Property prices in Penzance Promenade

Median price£295,000
Price per sq ft£336
Sales (last 12 months)71
Typical range (middle 50%)£230K – £400K

Based on 71 recent sales, the median property price is £295,000 (about £336 per square foot) in Penzance Promenade area, with individual transactions ranging from £90,000 up to £775,000.

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 Promenade over the last year.
TypeSalesMedian£/sq ft
Detached13£450,000£407
Terraced29£335,000£338
Semi-Detached14£285,000£321
Flats15£190,000£274

10-year price trendmedian sale price in Penzance Promenade

Sale price

Ten year median sale price trend for each property type in Penzance Promenade.
YearDetachedFlatsSemi-DetachedTerraced
2016£295,000£147,500£180,000£242,500
2017£365,000£185,000£270,000£207,500
2018£345,000£182,500£242,500£202,500
2019£367,000£180,000£250,000£274,850
2020£364,250£156,000£250,000£250,000
2021£441,500£227,500£260,000£302,500
2022£440,750£242,500£250,000£360,000
2023£490,000£235,000£313,750£330,000
2024£477,500£200,000£272,500£302,500
2025£457,500£193,750£292,100£320,000
2026£450,000£196,000£265,000£294,000
Ten year median sale price trend for each property type in Penzance Promenade.

Price per sq ft

Ten year median sale price per square foot trend for each property type in Penzance Promenade.
YearDetachedFlatsSemi-DetachedTerraced
2016£292£223£184£221
2017£279£301£234£198
2018£255£279£230£216
2019£298£288£285£240
2020£316£300£264£250
2021£382£291£265£285
2022£415£302£326£333
2023£392£304£373£304
2024£445£299£334£319
2025£398£302£306£313
2026£398£346£280£329
Ten year median sale price per square foot trend for each property type in Penzance Promenade.

Price distribution by property typelast 12 months

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

Recent sales

There were 50+ recent sold properties in the last 18 months near TR18 4EZ.

Recent sold properties in the last 18 months near TR18 4EZ
DateAddressTypeTenurePriceMap
30 Jun 2026Flat 4, 32, Morrab Road, Penzance, TR18 4EZFlatsLeasehold£196,000
28 Mar 2025Flat 5, 17, Morrab Road, Penzance, TR18 4EZFlatsLeasehold£161,700
20 May 202620, Penlee Manor Drive, Penzance, TR18 4HWFlatsFreehold£250,000
01 Oct 20253, Cornwall Terrace, Penzance, TR18 4HNTerracedFreehold£600,000
31 Mar 20259, Morrab Terrace, Penzance, TR18 4DHTerracedFreehold£475,000

Other properties at this postcode

AddressTenureFloor areaLast sale
10A, Morrab Road, PenzanceFreehold50 m²£142,000 (2010)
12 Morrab Road, PenzanceFreehold230 m²£350,000 (2018)
14 Morrab Road, PenzanceFreehold253 m²£220,000 (2011)
16 Morrab Road, Penzance-163 m²-
19, Morrab Road, PenzanceFreehold167 m²£455,000 (2020)
20, Morrab Road, PenzanceFreehold166 m²£412,500 (2019)
21 Morrab Road, PenzanceFreehold171 m²£589,000 (2022)
22 Morrab Road, Penzance-201 m²-
23 Morrab Road, PenzanceFreehold184 m²£240,000 (2013)
24, Morrab Road, PenzanceFreehold189 m²£560,000 (2023)

Area insights for TR18 4EZ

Full area profile →

Overview

Postcode TR18 4EZ is located in an urban city, within the Penzance Promenade ward of Cornwall in the South West region, and forms part of the Penzance Quay area. It has high deprivation and high crime levels, with around 89.3 crimes per 1,000 residents per year, in line with 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 0.5 miles away. There are 5 primary and 1 secondary schools in the area. There are 6 parks nearby, the closest medium park is Penlee Park.

Crime rate
8/10
Crimes per 1k residents
89
Deprivation level
8/10
Income level
1/10
Social housing
0%
Connectivity
N/A
Flood Risk
No risk
Noise Level
No noise

Deprivation level

8/10

Penzance Quay has a high level of deprivation, ranked at position 7,918 out of 32,844 areas in England, placing it within the top 24% most deprived areas in England.

Crime level

8/10

Penzance Quay has a high crime rate, with approximately 89.3 reported incidents per 1,000 population each year.

Social housing

0%

Approximately 0.0% 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 4EZ.

Flood risk

No risk

Penzance Quay near TR18 4EZ 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 0.5 miles away. There are 1 stations nearby.

Nearby public transport stations for TR18 4EZ
DistanceNameLinesDirections
0.5 mi

Penzance

N/A

Walking directions to Penzance

Parks

Nearby parks and green spaces for TR18 4EZ
DistanceNameSizeDirections
0.1 miPenlee ParkMediumWalking directions to Penlee Park
0.1 miMorrab GardensSmallWalking directions to Morrab Gardens
0.4 miLariggan GardensSmallWalking directions to Lariggan Gardens

Area Profile

Population
246
Population density
5,956.4 per km²

Crime

Crime per 1,000 population

Violence and sexual offences
37.72(+13%)
Anti-social behaviour
32.43(+118%)
Criminal damage and arson
25.81(+298%)
Other theft
9.27(+65%)
Public order
5.96(-9%)
South West average

Demographics

Ethnic groups

British
206
84.77%
Other White
13
5.35%
Other Asian
6
2.47%
White and Asian (mixed)
5
2.06%
White and Black Caribbean (mixed)
3
1.23%
Total population: 243

Economics

Education (age 16+)

Level 4+ (Degree)
97
43.11%
Level 2 (GCSEs 9-4)
37
16.44%
No qualifications
30
13.33%
Level 3 (A level)
27
12%
Other
14
6.22%
Total 16+ residents: 225

Housing

Housing tenure

Owns outright
60
41.96%
Private landlord or letting agency
49
34.27%
Owns with a mortgage
31
21.68%
Other forms of private rent
2
1.4%
Shared ownership
1
0.7%
Total households: 143

Schools

In the TR18 4EZ postcode area, located within Penzance Quay, there are 5 primary and 1 secondary schools in close proximity.

Nearby primary and secondary schools for TR18 4EZ
DistancePhaseNameTypeRating
0.1 miPrimarySt Mary's CofE Primary School, PenzanceVoluntary aided school

Good

0.4 miPrimaryAlverton Primary SchoolAcademy converter

Good

0.6 miSecondaryHumphry Davy SchoolFoundation school

Good

Local amenities

6 nearby supermarkets & convenience stores within 0.5 mi of TR18 4EZ

Nearby supermarkets & convenience stores for TR18 4EZ
DistanceNameAddressDirections
0.2 miCo-op FoodQueens Square, Cornwall, TR18 2JJWalking directions to Co-op Food
0.2 miCo-op FoodMarket Jew Street, Cornwall, TR18 2LDWalking directions to Co-op Food
0.3 miTesco ExpressMarket Jew Street, Cornwall, TR18 2LEWalking directions to Tesco Express
0.3 miLidlWestern Promenade Road, Cornwall, TR18 4HGWalking directions to Lidl
0.4 miAsda ExpressThe Promenade, Penzance, TR18 4NPWalking directions to Asda Express