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House Prices in TR1 House Prices in TR1 (Truro)

The average house price in TR1 (Truro) is £345,247 using HM Land Registry data.

The average property price increased by £76,018 (31.67%) over the last 5 years and increased by £15,228 (4.6%) over the last 12 months.

Over the last year, there were 271 residential property sales – a decrease of 46 transactions (-16.97%) relative to the previous year. The majority of house sales (72) were in the £254,000 - £328,000 range. Then came properties in the £180,000 - £254,000 range, where 60 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 131 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,665 (-3%).

In January 2025, there were 53 new estate agency instructions, 35 agreed home sales and 37 property price reductions.

Nearby Postcodes: , PL26, TR10, TR11, TR12, TR13, TR14, TR15, TR16, TR17, TR18, TR19, TR2, TR20, TR21, TR22, TR23, TR24, TR25, TR26, TR27, TR3, TR4, TR5, TR6, TR8

5-Year Average Property Prices in TR1 (Truro)

31.67%

Property prices in TR1 (Truro) increased by 31.67% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in TR1 (Truro) Over the Last Year

4.6%

Property prices in TR1 (Truro) increased by 4.6% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for TR1 (Truro) - January 2025

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in TR1 (Truro)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in TR1 (Truro)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in TR1 (Truro)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the TR1 (Truro) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the TR1 postcode area since 1995.

Recent Sales in TR1 (Truro)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
6 Lychgate Drive, Truro, Cornwall, TR1 3UE£495,000£485,000-£10,00003 May 202417 Dec 2024228 Days
3 Knights Hill, Truro, Cornwall, TR1 3UY£725,000£715,000-£10,00007 Oct 202417 Dec 202471 Days
12 Pauls Row, Truro, Cornwall, TR1 1HH£300,000£295,000-£5,00025 Jul 202410 Dec 2024138 Days
11 Grenville Road, Truro, Cornwall, TR1 3TJ£350,000£325,000-£25,00022 May 202405 Dec 2024197 Days
29 Treworder Road, Truro, Cornwall, TR1 2JZ£550,000£545,000-£5,00024 Jul 202404 Dec 2024133 Days
89 Treffry Road, Truro, Cornwall, TR1 1WE£450,000£440,000-£10,00002 Sep 202402 Dec 202491 Days
170 Treffry Road, Truro, Cornwall, TR1 1UF£259,950£253,400-£6,55002 Jul 202429 Nov 2024150 Days
6 Tremorvah Barton, Truro, Cornwall, TR1 1NN£415,000£412,500-£2,50014 Aug 202429 Nov 2024107 Days
3 Elm Court, Truro, Cornwall, TR1 1DN£210,000£197,000-£13,00012 Jun 202429 Nov 2024170 Days
1 Claremont Terrace, Truro, Cornwall, TR1 3AB£350,000£345,000-£5,00002 Aug 202428 Nov 2024118 Days
10 Trevithick Road, Truro, Cornwall, TR1 1RU£285,000£285,000£004 Apr 202428 Nov 2024238 Days
30 Kenwyn Street, Truro, Cornwall, TR1 3BU£195,000£190,000-£5,00016 Apr 202425 Nov 2024223 Days
11 Penair View, Truro, Cornwall, TR1 1XR£480,000£417,000-£63,00020 Mar 202415 Nov 2024240 Days
1 Lodge Drive, Truro, Cornwall, TR1 1TX£375,000£335,000-£40,00008 Feb 202415 Nov 2024281 Days
22 Daniell Street, Truro, Cornwall, TR1 2DN£260,000£260,000£015 Aug 202401 Nov 202478 Days
37 Malabar Road, Truro, Cornwall, TR1 3NU£350,000£335,000-£15,00015 May 202401 Nov 2024170 Days
6 Park View, Truro, Cornwall, TR1 2BN£595,000£595,000£016 Aug 202430 Oct 202475 Days
44 Carey Park, Truro, Cornwall, TR1 2LD£299,950£293,000-£6,95030 May 202430 Oct 2024153 Days
Apartment 29, Devington Hall, Agar Road, Truro, Cornwall, TR1 1GP£225,000£220,000-£5,00024 Jul 202330 Oct 2024464 Days
3 Salisbury Road, Truro, Cornwall, TR1 2JT£425,000£390,000-£35,00025 Apr 202428 Oct 2024186 Days

Most Expensive Streets in TR1 (Truro)

PostcodeStreetAreaAverageNo. of Sales
TR1 1NXSt Clements HillTruro£1,275,0003
TR1 1SNMalpasTruro£1,185,0003
TR1 2BLFalmouth RoadTruro£941,6666
TR1 1TAScarcewater Vean, St ClementTruro£931,2504
TR1 1SZSt ClementTruro£914,5005
TR1 2PDUpper Lemon VillasTruro£856,5205
TR1 3RQTrewinnard GroveTruro£831,6503
TR1 1SQMalpasTruro£821,0005
TR1 3EEComprigney HillTruro£811,8333
TR1 1HSBelmont VillasTruro£811,6663

Least Expensive Streets in TR1 (Truro)

PostcodeStreetAreaAverageNo. of Sales
TR1 1RGTreverbyn RoadTruro£97,3333
TR1 2XXRobartes Court, Redannick LaneTruro£122,7508
TR1 2GALowen Court, Quay Street, TruroTruro£126,05020
TR1 1PRTrelander NorthTruro£133,8333
TR1 2HHEnys QuayTruro£138,1119
TR1 2GGCorte Mear, Tresawya DriveTruro£141,07010
TR1 2FEHighshore House, New Bridge Street, TruroTruro£145,0836
TR1 1AYTreffry Court, Treffry RoadTruro£149,5004
TR1 2LWThe Clockhouse, Lemon QuayTruro£150,7374
TR1 3BUKenwyn StreetTruro£153,3514

Explore TR1 (Truro) using map

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