Average Price for property in Penzance is around £247,659 which varies based on type of property you are interested in and ranges from £355,668 for detached house to around £229,883 for semi-detached. Similarly terraced house is around £197,620 and a flat is worth £163,666. Values have been changing and have risen £760 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,792 in last 6 months, £15,625 in last 1 year, £15,501 in last 2 years, £19,696 in last 3 years, £14,379 in last 4 years and £31,926 in last 5 years.
Currently average asking price of a property in Penzance is around £265,606 based on approximately 493 properties for sale. Same is the case with rental options based on 84 properties up for rent, average asking rent is around £631 per month.
Estimated property value in Penzance is £247,659. Average asking price is £265,606 while average price paid is £213,585 which is up by £15,625 and Avg. asking rent £631.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Penzance area. In last 1 year alone average price buyer paid is around £213,585 based on approximately 493 sales in Penzance area alone. If you compare it to last 3 years sales of 1,451 properties where buyers paid around £213,440. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £213,430 for 2,387 and average amount paid for purchase of approx. 3,150 properties sold in last 7 years comes to about £211,093 per sale.