You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in TR16

House Prices in TR16

The average house price in TR16 (Redruth) is £212,172 using HM Land Registry data.

The average property price increased by £125,442 (31.69%) over the last 5 years and increased by £25,134 (4.6%) over the last 12 months.

Over the last year, there were 162 residential property sales – a decrease of 51 transactions (-31.48%) relative to the previous year. The majority of house sales (49) were in the £190,000 - £252,000 range. Then came properties in the £252,000 - £314,000 range, where 35 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 67 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,639 (-2%).

In Oct 24, there were 38 new estate agency instructions, 23 agreed home sales and 29 property price reductions.

5-Year Average Property Prices in TR16 (Redruth)

31.69%

Property prices in Redruth increased by 31.69% 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 TR16 (Redruth) Over the Last Year

4.6%

Property prices in Redruth 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 TR16 (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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 TR16 (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 TR16 (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 TR16 (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 TR16 (Redruth) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the TR16 postcode area since 1995.

Recent Sales in TR16 (Redruth)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Trelean, Marys Well, Illogan, Redruth, Cornwall, TR16 4EG	£425,000	£406,411	-£18,589	28 May 2024	16 Aug 2024	80 Days
31 Sparry Lane, Carharrack, Redruth, Cornwall, TR16 5SJ	£299,500	£299,500	£00	27 Feb 2024	09 Aug 2024	164 Days
6 Chapel Street, St Day, Redruth, Cornwall, TR16 5NE	£200,000	£195,000	-£5,000	26 Dec 2023	24 Jun 2024	181 Days
3 Phillips Terrace, Lanner, Redruth, Cornwall, TR16 6EW	£275,000	£32,228	-£242,772	26 Mar 2021	11 Jun 2024	1173 Days
Moor Cottage, South Calvadnack, Carnmenellis, Redruth, Cornwall, TR16 6PN	£515,000	£500,000	-£15,000	12 Jan 2024	23 May 2024	132 Days
26 Tresithney Road, Carharrack, Redruth, Cornwall, TR16 5QZ	£315,000	£305,000	-£10,000	21 Dec 2023	10 May 2024	141 Days
Malvern, The Square, Lanner, Redruth, Cornwall, TR16 6EH	£110,000	£85,000	-£25,000	04 Sep 2012	01 May 2024	4257 Days
10 Roskrow Close, Four Lanes, Redruth, Cornwall, TR16 6NG	£235,000	£225,000	-£10,000	08 Feb 2024	30 Apr 2024	82 Days
18 Ballard Estate, Four Lanes, Redruth, Cornwall, TR16 6QL	£210,000	£200,000	-£10,000	02 Oct 2023	29 Apr 2024	210 Days
15 Borgwitha Estate, Four Lanes, Redruth, Cornwall, TR16 6QG	£350,000	£350,000	£00	05 Jul 2023	19 Apr 2024	289 Days
Garryglass, Penberthy Road, Portreath, Redruth, Cornwall, TR16 4LN	£825,000	£790,000	-£35,000	15 Apr 2024	16 Apr 2024	1 Days
20 Alexandra Close, Illogan, Redruth, Cornwall, TR16 4RS	£300,000	£290,000	-£10,000	12 Oct 2023	16 Apr 2024	187 Days
5 Bell Lane, Lanner, Redruth, Cornwall, TR16 6AP	£199,999	£190,000	-£9,999	31 Jul 2023	10 Apr 2024	254 Days
Berlewen, Higher Pennance, Lanner, Redruth, Cornwall, TR16 5TQ	£330,000	£325,000	-£5,000	30 Nov 2023	05 Apr 2024	127 Days
23 Roskrow Close, Four Lanes, Redruth, Cornwall, TR16 6NG	£215,000	£210,000	-£5,000	23 Nov 2023	28 Mar 2024	126 Days
Trevorran, Penberthy Road, Portreath, Redruth, Cornwall, TR16 4LR	£625,000	£603,000	-£22,000	12 Jun 2023	25 Mar 2024	287 Days
Glenwyne, Wheal Rose, Scorrier, Redruth, Cornwall, TR16 5DA	£475,000	£460,000	-£15,000	26 Dec 2023	05 Mar 2024	70 Days
Vogue Villa, Vogue, St Day, Redruth, Cornwall, TR16 5NR	£500,000	£400,000	-£100,000	21 Jul 2023	01 Mar 2024	224 Days
16a, Little Gregwartha, Four Lanes, Redruth, Cornwall, TR16 6LN	£279,950	£268,000	-£11,950	09 Oct 2023	01 Mar 2024	144 Days
3 Chynance, Portreath, Redruth, Cornwall, TR16 4NJ	£325,000	£320,000	-£5,000	22 Sep 2023	26 Feb 2024	157 Days

Most Expensive Streets in TR16 (Redruth)

Postcode	Street	Area	Average	No. of Sales
TR16 4LH	Lighthouse Hill, Portreath	Redruth	£999,375	4
TR16 4NX	Green Lane, Portreath	Redruth	£810,000	3
TR16 4PQ	Tregea Hill, Portreath	Redruth	£780,000	4
TR16 4NR	Battery Hill, Portreath	Redruth	£638,333	3
TR16 5PX	Little Beside	Redruth	£608,333	3
TR16 4FT	Melyn Grove, Harris Mill	Redruth	£581,666	3
TR16 6BD	Gwennap	Redruth	£575,362	3
TR16 5TU	Higher Pennance	Redruth	£575,000	3
TR16 4BY	North Country	Redruth	£554,373	4
TR16 4LL	Hillside, Portreath	Redruth	£526,625	4

Least Expensive Streets in TR16 (Redruth)

Postcode	Street	Area	Average	No. of Sales
TR16 4FQ	Park An Lann, Illogan	Redruth	£107,600	5
TR16 4NA	Lamorna Court, Greenfield Terrace	Redruth	£136,000	4
TR16 4SJ	Churchtown Road, Illogan	Redruth	£138,333	3
TR16 4FW	Hitchen Heights North Coast Holiday Cottages, New Portreath Road	Redruth	£143,750	4
TR16 5JU	Fore Street, St Day	Redruth	£144,300	5
TR16 6DB	Lanner Hill, Lanner	Redruth	£144,666	3
TR16 5NG	Vogue Terrace, St Day	Redruth	£150,333	3
TR16 4DG	Tregullan, Illogan	Redruth	£155,000	4
TR16 4SF	Churchtown Road, Illogan	Redruth	£155,891	4
TR16 6QD	Andrews Terrace, Four Lanes	Redruth	£162,000	3