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House Prices in TR1

The average house price in TR1 (Truro) is £387,405 using HM Land Registry data.

The average property price increased by £80,021 (31.67%) over the last 5 years and increased by £16,034 (4.6%) over the last 12 months.

Over the last year, there were 271 residential property sales – a decrease of 48 transactions (-17.71%) relative to the previous year. The majority of house sales (73) were in the £256,000 - £332,000 range. Then came properties in the £180,000 - £256,000 range, where 58 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 170 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,665 (-3%).

In February 2025, there were 56 new estate agency instructions, 35 agreed home sales and 48 property price reductions.

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.

Property Market Heat Gauge for TR1 (Truro) - February 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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
13 Pendeen Road, Truro, Cornwall, TR1 1QP	£150,000	£140,000	-£10,000	13 Sep 2024	24 Jan 2025	133 Days
43 Cornubia Close, Truro, Cornwall, TR1 1SA	£310,000	£301,000	-£9,000	02 Sep 2024	24 Jan 2025	144 Days
18 Castle Rise, Truro, Cornwall, TR1 3AA	£199,950	£196,500	-£3,450	21 Mar 2024	17 Jan 2025	302 Days
38 Carey Park, Truro, Cornwall, TR1 2LD	£265,000	£257,000	-£8,000	21 Aug 2024	15 Jan 2025	147 Days
9 Redannick Crescent, Truro, Cornwall, TR1 2DG	£425,000	£400,000	-£25,000	21 Aug 2024	14 Jan 2025	146 Days
46 Northfield Drive, Truro, Cornwall, TR1 2BT	£260,000	£240,000	-£20,000	21 May 2024	13 Jan 2025	237 Days
10 Barton Meadow, Truro, Cornwall, TR1 3NJ	£545,000	£545,000	£0	10 Sep 2024	13 Jan 2025	125 Days
19 Avondale Road, Truro, Cornwall, TR1 3EU	£369,950	£352,000	-£17,950	05 Aug 2024	18 Dec 2024	135 Days
2 The Parade, Truro, Cornwall, TR1 1QE	£650,000	£650,000	£0	25 Apr 2024	18 Dec 2024	237 Days
6 Lychgate Drive, Truro, Cornwall, TR1 3UE	£495,000	£485,000	-£10,000	03 May 2024	17 Dec 2024	228 Days
3 Knights Hill, Truro, Cornwall, TR1 3UY	£725,000	£715,000	-£10,000	07 Oct 2024	17 Dec 2024	71 Days
12 Carew Pole Close, Truro, Cornwall, TR1 1QZ	£250,000	£245,000	-£5,000	22 Jun 2024	16 Dec 2024	177 Days
11 Trevaylor Close, Truro, Cornwall, TR1 1RP	£400,000	£400,000	£0	18 Jul 2024	16 Dec 2024	151 Days
12 Pauls Row, Truro, Cornwall, TR1 1HH	£300,000	£295,000	-£5,000	25 Jul 2024	10 Dec 2024	138 Days
11 Grenville Road, Truro, Cornwall, TR1 3TJ	£350,000	£325,000	-£25,000	22 May 2024	05 Dec 2024	197 Days
29 Treworder Road, Truro, Cornwall, TR1 2JZ	£550,000	£545,000	-£5,000	24 Jul 2024	04 Dec 2024	133 Days
89 Treffry Road, Truro, Cornwall, TR1 1WE	£450,000	£440,000	-£10,000	02 Sep 2024	02 Dec 2024	91 Days
170 Treffry Road, Truro, Cornwall, TR1 1UF	£259,950	£253,400	-£6,550	02 Jul 2024	29 Nov 2024	150 Days
6 Tremorvah Barton, Truro, Cornwall, TR1 1NN	£415,000	£412,500	-£2,500	14 Aug 2024	29 Nov 2024	107 Days
3 Elm Court, Truro, Cornwall, TR1 1DN	£210,000	£197,000	-£13,000	12 Jun 2024	29 Nov 2024	170 Days

Most Expensive Streets in TR1 (Truro)

Postcode	Street	Area	Average	No. of Sales
TR1 1NX	St Clements Hill	Truro	£1,275,000	3
TR1 1SN	Malpas	Truro	£1,185,000	3
TR1 1TA	Scarcewater Vean, St Clement	Truro	£1,093,333	3
TR1 2BL	Falmouth Road	Truro	£941,666	6
TR1 1SZ	St Clement	Truro	£914,500	5
TR1 2PD	Upper Lemon Villas	Truro	£856,520	5
TR1 1SS	Bar Meadows, Malpas	Truro	£849,166	6
TR1 3RQ	Trewinnard Grove	Truro	£831,650	3
TR1 1SQ	Malpas	Truro	£821,000	5
TR1 3EE	Comprigney Hill	Truro	£811,833	3

Least Expensive Streets in TR1 (Truro)

Postcode	Street	Area	Average	No. of Sales
TR1 1RG	Treverbyn Road	Truro	£97,333	3
TR1 2GA	Lowen Court, Quay Street, Truro	Truro	£120,058	17
TR1 2XX	Robartes Court, Redannick Lane	Truro	£122,750	8
TR1 1PR	Trelander North	Truro	£133,833	3
TR1 2HH	Enys Quay	Truro	£138,111	9
TR1 2GG	Corte Mear, Tresawya Drive	Truro	£141,070	10
TR1 1AY	Treffry Court, Treffry Road	Truro	£149,500	4
TR1 3BU	Kenwyn Street	Truro	£153,351	4
TR1 2LW	The Clockhouse, Lemon Quay	Truro	£153,983	3
TR1 2FE	Highshore House, New Bridge Street, Truro	Truro	£154,500	5