# TR20 8YN Area Summary
The TR20 8YN postcode covers the Isles of Scilly, specifically St Mary's, the largest and most populated island in this remote Atlantic archipelago located 28 miles off the Cornish coast. With just 81 properties recorded, this reflects the extremely limited housing stock available on these unique island communities. The average property price of £86,324 is notably below mainland UK averages, which may initially seem surprising for such a desirable location, though this figure likely reflects a mix of property types, potential data limitations for such a remote area, or the unique challenges of island living.
Property ownership on the Isles of Scilly operates under distinctive circumstances, with the Duchy of Cornwall owning most of the land and properties typically held on long leases. This unusual tenure arrangement, combined with strict planning restrictions to preserve the islands' Outstanding Natural Beauty status, severely constrains the property market. The limited supply and restricted development make property transactions relatively rare events.
What makes this area truly exceptional is its stunning natural environment, mild climate, white sandy beaches, and strong community spirit. However, prospective buyers must consider the realities of island life: higher living costs due to freight charges, limited employment opportunities outside tourism and agriculture, and dependency on passenger ferries and flights for mainland access. The property market here operates on entirely different dynamics compared to mainland Britain, appealing primarily to those seeking a distinctive island lifestyle rather than conventional property investment.
The average house price in TR20 8YN, Penzance is £86,324. Prices range from £15,500 to £425,000.
There are 81 properties in TR20 8YN, Penzance.
TR20 8YN contains 32 flat / maisonette properties, 18 semi-detached properties, 17 terraced properties, 7 other properties.
Average house prices in TR20 8YN have fallen by 0.7% from £42,317 in 1996 to £42,000 in 2025.
TR20 8YN is located in Penzance, Cornwall, England.