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Postcode · Penzance

Housing in TR18 5LY

What the homes in TR18 5LY are, who owns them, how many people share them and what they rent for.

Neighbourhood
Penzance South & Newlyn
Council
Cornwall
Region
South West
Neighbourhood population
1,496 (2024)
Property types

What homes look like here

The most common homes here are terraced houses (41.3%). Flats make up 19.6%, below the 22.2% across England.

TR18 5LYEngland
Detached10.3%22.9%
Semi-detached28.8%31.5%
Terraced41.3%23%
Purpose-built flat12.4%17.1%
Flat in a converted or shared house3.3%3.5%
Flat in a commercial or converted building3.9%1.7%
Caravan or mobile home0%0.4%
Tenure

Owning vs renting

47.6% of households in the TR18 5LY area own their home, below the England average of 61.3%. Private renting makes up 26.2% of households, above the England figure of 20.5%. 32.4% own outright and 15.2% with a mortgage.

TR18 5LY
48%
26%
26%
England
  • Owned47.6%61.3%
  • Shared ownership0.4%1%
  • Private rented26.2%20.5%
  • Social rented25.5%17.1%
  • Lives rent free0.3%0.1%

By mortgage and landlord type

TR18 5LYEngland
Owned outright32.4%32.5%
With a mortgage or loan15.2%28.8%
From a private landlord or letting agent22.1%18.2%
Other private rented4.1%2.2%
From the council4.6%8.3%
From a housing association21%8.8%
Occupancy

How many people live in each home

The average home here has 2.0 people living in it. 40.2% of households are one person living alone, against 30.1% across England.

TR18 5LYEngland
0%
20%
40%
60%
123456+
Households

Who lives together

The most common household is one person living alone aged under 66 (22.7%). 22% of households include dependent children.

TR18 5LYEngland
Living alone, under 6622.7%17.3%
Living alone, 66 and over17.5%12.8%
Couple, no children13.6%16.8%
Couple with dependent children12.3%18.9%
Couple with grown-up children4.8%6.3%
Lone parent with dependent children9.8%6.9%
Lone parent with grown-up children5.8%4.2%
Family, all aged 66 and over9.2%9.2%
Sharers and other households4.3%7.7%
Rents

Private rents in Cornwall

Average monthly rent for a new or renewed tenancy in Cornwall (August 2026, +1.8% on a year earlier). ONS publishes rent figures at council level rather than by neighbourhood.

CornwallEngland
All homes£1,000£1,459
One bedroom£688£1,195
Two bedrooms£880£1,335
Three bedrooms£1,077£1,489
Four or more£1,502£2,161
Detached£1,278£1,640
Semi-detached£1,070£1,449
Terraced£1,033£1,435
Flat or maisonette£810£1,444
About these figures

Census figures aren’t published for single postcodes, so the neighbourhood figures on this tab cover the area around TR18 5LY (Penzance South & Newlyn) (about 1,496 residents).

Source: Census 2021, Office for National Statistics. Population: ONS mid-year estimates. Open Government Licence v3.0. Rents: ONS Price Index of Private Rents.

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