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House Prices in TR15 House Prices in TR15 (Redruth)

The average house price in TR15 (Redruth) is £208,875 using HM Land Registry data.

The average property price increased by £70,777 (16.93%) over the last 5 years and increased by £14,182 (2.72%) over the last 12 months.

Over the last year, there were 222 residential property sales – a decrease of 92 transactions (-41.44%) relative to the previous year. The majority of house sales (45) were in the £170,000 - £220,000 range. Then came properties in the £220,000 - £270,000 range, where 45 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 89 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,092 (-2%).

In Oct 24, there were 50 new estate agency instructions, 44 agreed home sales and 31 property price reductions.

Nearby Postcodes: TR10, TR13, TR14, TR16, TR27, TR3, TR4

5-Year Average Property Prices in TR15 (Redruth)

16.93%

Property prices in Redruth increased by 16.93% 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 TR15 (Redruth) Over the Last Year

2.72%

Property prices in Redruth increased by 2.72% 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 TR15 (Redruth) - Oct 24

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 TR15 (Redruth)

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 TR15 (Redruth)

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 TR15 (Redruth)

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 TR15 (Redruth) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the TR15 postcode area since 1995.

Recent Sales in TR15 (Redruth)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
14 Chariot Road, Illogan Highway, Redruth, Cornwall, TR15 3LQ£155,000£152,000-£3,00009 May 202427 Aug 2024110 Days
Galanthus, Lower Broad Lane, Redruth, Cornwall, TR15 3HT£195,000£190,000-£5,00029 Apr 202409 Aug 2024102 Days
19 Dopps Terrace, Redruth, Cornwall, TR15 2EP£189,950£185,000-£4,95029 Jan 202426 Jul 2024179 Days
12 Killiers Court, Redruth, Cornwall, TR15 3LZ£110,000£106,000-£4,00014 Nov 202317 Jul 2024246 Days
10 Park Road, Redruth, Cornwall, TR15 2JD£375,000£365,000-£10,00029 Nov 202328 Jun 2024212 Days
39 East End, Redruth, Cornwall, TR15 2EJ£182,500£180,000-£2,50002 Feb 202428 Jun 2024147 Days
6 Tangye Road, Pool, Redruth, Cornwall, TR15 3PA£110,000£110,000£0029 Nov 202328 Jun 2024212 Days
41 Mount Ambrose, Redruth, Cornwall, TR15 1NX£325,000£318,000-£7,00027 Jun 202328 Jun 2024367 Days
91 Treganoon Road, Mount Ambrose, Redruth, Cornwall, TR15 1NZ£240,000£228,000-£12,00029 Mar 202427 Jun 202490 Days
61 Merritts Way, Pool, Redruth, Cornwall, TR15 3TY£299,950£290,000-£9,95008 Jan 202424 Jun 2024168 Days
3 Wheal Dance, Redruth, Cornwall, TR15 2LE£259,950£259,950£0017 Oct 202314 Jun 2024241 Days
7 Lowarthow Marghas, Redruth, Cornwall, TR15 2DZ£325,000£325,000£0022 Mar 202414 Jun 202484 Days
31 Colebrook Close, Redruth, Cornwall, TR15 1DW£250,000£246,000-£4,00023 Jan 202406 Jun 2024135 Days
2 Little Gilly Hill, Redruth, Cornwall, TR15 2RP£95,000£95,000£0002 Apr 202404 Jun 202463 Days
Homeleigh, Clifton Road, Park Bottom, Redruth, Cornwall, TR15 3UA£395,000£395,000£0004 Mar 202403 Jun 202491 Days
2 Sunnyside Parc, Illogan, Redruth, Cornwall, TR15 3LX£330,000£320,000-£10,00001 Dec 202329 Apr 2024150 Days
3 Treleigh Terrace, Redruth, Cornwall, TR15 1DP£210,000£200,000-£10,00004 Jan 202425 Apr 2024112 Days
1 Garby Lane, Redruth, Cornwall, TR15 2NU£395,000£365,000-£30,00009 Jan 202319 Apr 2024466 Days
2 Stamps Lane, Illogan Highway, Redruth, Cornwall, TR15 3JY£200,000£195,000-£5,00026 May 202312 Apr 2024322 Days
67 Roseland Gardens, Redruth, Cornwall, TR15 1PY£269,950£265,000-£4,95021 Sep 202308 Apr 2024200 Days

Most Expensive Streets in TR15 (Redruth)

PostcodeStreetAreaAverageNo. of Sales
TR15 2LLClinton RoadRedruth£633,8754
TR15 3EACrembling Well, BarncooseRedruth£436,80713
TR15 3TNWest TolgusRedruth£410,0003
TR15 3GGMaythorn Meadow, Park BottomRedruth£405,4449
TR15 2TJWest Trewirgie RoadRedruth£397,5003
TR15 3DGTrevingey RoadRedruth£392,5003
TR15 1SEHighway LaneRedruth£388,3333
TR15 2TPCoach LaneRedruth£384,4005
TR15 3ELBarncoose Lane, Illogan HighwayRedruth£371,3333
TR15 1LWClaremont Vean, Penders LaneRedruth£360,7374

Least Expensive Streets in TR15 (Redruth)

PostcodeStreetAreaAverageNo. of Sales
TR15 1NECarn View TerraceRedruth£77,5003
TR15 3PBAgar Court, Fore Street, PoolRedruth£82,8889
TR15 1HBCardrew CloseRedruth£89,3336
TR15 1DDNewton Court, Treleigh AvenueRedruth£90,5006
TR15 1FQBrewery CourtRedruth£96,0505
TR15 2RZWest EndRedruth£101,8203
TR15 1JZGreen LaneRedruth£102,8758
TR15 3LZKilliers CourtRedruth£103,3336
TR15 2SQWest EndRedruth£105,5836
TR15 2QWFalmouth RoadRedruth£109,4163

Explore TR15 (Redruth) using map

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