A comprehensive survey recently undertaken identified approximately 2500 properties for sale across the complete spectrum of prices. Property values had fallen back during previous years and are only now beginning to rise again. Those re-locating to the area will notice the reasonable price of property and the wide selection of choice available. Penzance is generally in the middle range of Cornish prices, higher than the Camborne-Redruth area, but lower than the Truro-Falmouth area. However, there are variations in prices even within the local area. In general Penzance prices represent the average, St Just and district tends to be lower, while the more picturesque locations are significantly more expensive.

Starter Homes

The area is very well supplied with individual 'starter' homes. Typically these are traditional terraced granite cottages, most of which have been brought up to a good modern standard. The industrial past has ensured that these were built in reasonable density in Penzance and St Just/Pendeen, with numerous similar properties, which formerly housed farm-workers, in the rural areas.

Flats, Apartments & Cottages

Flats range from modern purpose-built units to adaptations of large Edwardian and Victorian houses. There is some executive-style flats, mainly in seafront areas in Penzance, but most flats are in more central town locations. Of the granite terraced cottages, a small number contain only one bedroom but the vast majority have two bedrooms.

Houses

House choices include a wide range two and three-bedroom granite houses and variety of two or three-bedroom bungalows, as well as the relatively smaller sector of modern 3-bedroom terraced and semi-detached houses. Substantial period town houses are available with four or more bedrooms.

Larger Houses

Larger and more expensive bungalows, modern houses and most of the attractive rural cottages and farmhouses of the area will almost invariably be detached, of high quality and set in a desirable location. Some may have land, outbuildings, 'granny flats' or other additional annexe accommodation, or some commercial aspect or potential. Although Penzance and the Lands End peninsula does not suffer traffic congestion in the same way as other parts of the country, properties set away from main routes generally attract a premium, as do properties with rural or sea views. Houses exposed to the elements in the west of the region are proportionately cheaper. Parking space availability, garages, and gardens also affect values.

The supply of property in need of improvement, or suitable for conversion, is always a great deal less than the demand but determined house-hunters may still find what they seek.