How much is 16 Flat 3, Morrab Road, Penzance, Penwith, Cornwall, TR18 4EZ worth?
Estimated value — July 2026
£410,000
Likely range £308,000 – £487,000Four in five similar homes sold within their range when we tested it.
Latest recorded sale July 2004
58%
confidence
Medium
Typically within 11% of the sale price
Property details
Mid-terrace house
Morrab Road · Penzance · TR18 4EZ
Address
- District
- Penwith
- County
- Cornwall
Value over time
- Modelled value
- Recorded sale
- Likely range (80%)
- Today's estimate
Drawn through each of this property's recorded sales and ending at today's estimate, with the UK House Price Index for its area and property type filling in the months between. A sale we treat with caution is shown but the line doesn't pass through it. The shaded band is where four in five prices fell when we tested this line against real sales of similar homes; it widens the further a month is from a recorded sale, and today it matches the likely range above.
View as a table
| Year | Modelled value | Likely range | Recorded sale |
|---|---|---|---|
| 2004 | £293,641 | £251,437 – £379,090 | £280,000 |
| 2005 | £301,597 | £261,137 – £356,734 | — |
| 2006 | £325,315 | £278,756 – £376,809 | — |
| 2007 | £345,050 | £291,861 – £399,209 | — |
| 2008 | £298,038 | £248,914 – £346,032 | — |
| 2009 | £303,612 | £250,531 – £354,524 | — |
| 2010 | £311,131 | £254,024 – £364,052 | — |
| 2011 | £296,107 | £239,686 – £346,374 | — |
| 2012 | £292,899 | £235,009 – £343,031 | — |
| 2013 | £298,711 | £237,231 – £350,888 | — |
| 2014 | £310,016 | £243,780 – £365,409 | — |
| 2015 | £323,335 | £252,093 – £382,302 | — |
| 2016 | £318,261 | £246,768 – £377,666 | — |
| 2017 | £333,610 | £257,891 – £396,976 | — |
| 2018 | £341,942 | £263,204 – £408,303 | — |
| 2019 | £346,705 | £265,836 – £414,735 | — |
| 2020 | £381,731 | £310,865 – £435,228 | — |
| 2021 | £406,839 | £326,712 – £467,327 | — |
| 2022 | £456,624 | £361,528 – £528,412 | — |
| 2023 | £428,204 | £334,184 – £499,180 | — |
| 2024 | £425,099 | £326,954 – £499,189 | — |
| 2025 | £413,242 | £313,161 – £488,793 | — |
| 2026 | £410,000 | £308,000 – £487,000 | — |
Sale history
Mortgage calculator
£2,200
Estimated monthly repayment
£369,000
Loan amount
£423,178
Total interest
£792,178
Total repayable
A guide only, based on a capital repayment mortgage held at a constant interest rate for the full term. Not a mortgage offer or financial advice.
Related properties
- 23 Morrab Road, Penzance, Cornwall, TR18 4EZ£240,000 · 2013£417,000
- 27 Morrab Road, Penzance, Penwith, Cornwall, TR18 4EZ£295,000 · 2005£400,000
- 13 Morrab Road, Penzance, Cornwall, TR18 4EZ£355,000 · 2025£353,000
- 14 Morrab Road, Penzance, Cornwall, TR18 4EZ£220,000 · 2011£464,000
- 28 Morrab Road, Penzance, Penwith, Cornwall, TR18 4EZ£290,000 · 2005£490,000
- 30 Morrab Road, Penzance, Penwith, Cornwall, TR18 4EZ£59,000 · 1996£327,000
- 29 Morrab Road, Penzance, Cornwall, TR18 4EZ£625,000 · 2024£609,000
- 25 Morrab Road, Penzance, Cornwall, TR18 4EZ£515,000 · 2023£540,000
- 24 Morrab Road, Penzance, Cornwall, TR18 4EZ£560,000 · 2023£579,000
- 31 Morrab Road, Penzance, Cornwall, TR18 4EZ£525,000 · 2022£553,000
About this property
16 Flat 3, Morrab Road, Penzance, Penwith, Cornwall, TR18 4EZ is a mid-terrace house on Morrab Road in Penzance, Cornwall. Stede's estimated value for July 2026 is £410,000. Four in five similar homes sold within their likely range when tested; for this property that range is £308,000 to £487,000. It combines its own last sale brought up to date with the House Price Index (75%) and recent sales of 63 similar homes in the same postcode sector (25%). The confidence score is 58 out of 100 (medium): estimates like this one are typically within 11% of the eventual sale price.
It last sold in July 2004 for £280,000. The current estimate is 46% higher than that price. The current owner has held it for about 22 years.
The modelled value is down 1% over the past year and up 5% over the past five years.
Among 10 nearby properties Stede tracks in the TR18 area, estimated values run from £327,000 to £609,000. This mid-terrace house's £410,000 sits toward the lower end of that range.
Common questions
How much is 16 Flat 3, Morrab Road, Penzance, Penwith, Cornwall, TR18 4EZ worth?
Stede estimates 16 Flat 3, Morrab Road, Penzance, Penwith, Cornwall, TR18 4EZ is worth £410,000 as of July 2026, within a likely range of £308,000 to £487,000. The estimate is generated automatically from recorded sale prices of this and similar nearby homes and the UK House Price Index, and is not a formal valuation.
When did 16 Flat 3, Morrab Road, Penzance, Penwith, Cornwall, TR18 4EZ last sell?
It last sold in July 2004 for £280,000.
What type of property is 16 Flat 3, Morrab Road, Penzance, Penwith, Cornwall, TR18 4EZ?
It is recorded as a Mid-terrace house on Morrab Road in the TR18 postcode area.
How reliable is this estimate?
The confidence score is 58 out of 100 (medium). Tested against real sales of similar homes, estimates like this one are typically within 11% of the sale price, and four in five sold within their likely range. The figure is a data model, not a RICS valuation or Home Report, and should not be used for mortgage or legal decisions.
How does Stede calculate this estimate?
It combines its own last sale brought up to date with the House Price Index (75%) and recent sales of 63 similar homes in the same postcode sector (25%). Each piece of evidence gets the share that proved most accurate when tested against real sales of similar homes, and the same testing sets the likely range and confidence. Full detail is on the methodology page.
How we got this figure
We weighed the evidence below, giving each piece the share that proved most accurate when we tested it against real sales of similar homes. The likely range and confidence come from testing the same method against 49,875 real sales of similar homes.
- Its sale in July 2004, brought up to today with the House Price Index£438,25975%
- 63 similar homes sold recently in the same postcode sector£327,04425%
Estimate £410,000, likely £308,000 – £487,000
Read the full methodology and data sources →