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House Prices in TR16 House Prices in TR16 (Redruth)

The average house price in TR16 (Redruth) is £311,277 using HM Land Registry data.

The average property price increased by £110,033 (31.69%) over the last 5 years and increased by £22,042 (4.6%) over the last 12 months.

Over the last year, there were 179 residential property sales – a decrease of 43 transactions (-24.02%) relative to the previous year. The majority of house sales (42) were in the £238,000 - £296,000 range. Then came properties in the £180,000 - £238,000 range, where 41 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 199 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,358 (-3%).

In January 2025, there were 41 new estate agency instructions, 24 agreed home sales and 26 property price reductions.

Nearby Postcodes: TR1, TR10, TR11, TR12, TR13, TR14, TR15, TR2, TR20, TR27, TR3, TR4, TR5, TR6, TR8

5-Year Average Property Prices in TR16 (Redruth)

31.69%

Property prices in TR16 (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 TR16 (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.

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 TR16 (Redruth) - 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 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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
4 Tresithney Road, Carharrack, Redruth, Cornwall, TR16 5QZ£325,000£320,000-£5,00020 Jun 202429 Nov 2024162 Days
15 Telegraph Street, St Day, Redruth, Cornwall, TR16 5LY£179,950£176,000-£3,95025 Jul 202429 Nov 2024127 Days
Poppies, Green Lane, Portreath, Redruth, Cornwall, TR16 4NX£550,000£495,000-£55,00008 Jul 202429 Nov 2024144 Days
High Noons, Marys Well, Illogan, Redruth, Cornwall, TR16 4EG£450,000£435,000-£15,00004 Apr 202426 Nov 2024236 Days
10 Penluke Close, Four Lanes, Redruth, Cornwall, TR16 6NQ£255,000£250,000-£5,00012 Aug 202422 Nov 2024102 Days
2 Alexandra Close, Illogan, Redruth, Cornwall, TR16 4RS£299,950£299,950£023 Aug 202419 Nov 202488 Days
4 Pennance Terrace, Lanner, Redruth, Cornwall, TR16 5TP£275,000£273,000-£2,00023 Jul 202415 Nov 2024115 Days
Chez Nous, Pennance Road, Lanner, Redruth, Cornwall, TR16 5TF£280,000£278,000-£2,00020 Jun 202413 Nov 2024146 Days
44 Trenoweth Estate, North Country, Redruth, Cornwall, TR16 4AQ£189,950£170,000-£19,95029 May 202412 Nov 2024167 Days
18 Tregea Terrace, Portreath, Redruth, Cornwall, TR16 4NG£400,000£390,000-£10,00004 Jun 202425 Oct 2024143 Days
Bassendean, Whitehall, Scorrier, Redruth, Cornwall, TR16 5BA£530,000£503,000-£27,00030 Sep 202324 Oct 2024390 Days
22 Bell Lane, Lanner, Redruth, Cornwall, TR16 6AP£349,000£344,000-£5,00006 Jun 202416 Oct 2024132 Days
1 Carew Road, St Day, Redruth, Cornwall, TR16 5LA£250,000£242,000-£8,00016 Jul 202411 Oct 202487 Days
Ivanhoe, Hillside Road, Carharrack, Redruth, Cornwall, TR16 5RZ£325,000£325,000£014 Jun 202410 Oct 2024118 Days
20 Park Leven, Illogan, Redruth, Cornwall, TR16 4GA£599,950£575,000-£24,95030 Apr 202408 Oct 2024161 Days
Fairways, Pennance Road, Lanner, Redruth, Cornwall, TR16 5TF£299,950£291,000-£8,95023 May 202408 Oct 2024138 Days
Chyrosen, Higher Pennance, Lanner, Redruth, Cornwall, TR16 5TQ£385,000£375,000-£10,00015 Jun 202427 Sep 2024104 Days
38 Valley Gardens, Voguebeloth, Redruth, Cornwall, TR16 4EE£260,000£255,000-£5,00025 May 202427 Sep 2024125 Days
6 Rabys Row, Scorrier, Redruth, Cornwall, TR16 5AW£350,000£337,500-£12,50002 Apr 202427 Sep 2024178 Days
The Fogou, Marys Well, Illogan, Redruth, Cornwall, TR16 4EG£460,000£435,000-£25,00030 Mar 202427 Sep 2024181 Days

Most Expensive Streets in TR16 (Redruth)

PostcodeStreetAreaAverageNo. of Sales
TR16 4LHLighthouse Hill, PortreathRedruth£999,3754
TR16 4PQTregea Hill, PortreathRedruth£780,0004
TR16 4NXGreen Lane, PortreathRedruth£731,2504
TR16 4NRBattery Hill, PortreathRedruth£638,3333
TR16 5TUHigher PennanceRedruth£582,5004
TR16 4FTMelyn Grove, Harris MillRedruth£581,6663
TR16 6BDGwennapRedruth£575,3623
TR16 4DYAlexandra Road, IlloganRedruth£555,0003
TR16 4BYNorth CountryRedruth£554,3734
TR16 5PXLittle BesideRedruth£530,0004

Least Expensive Streets in TR16 (Redruth)

PostcodeStreetAreaAverageNo. of Sales
TR16 4FQPark An Lann, IlloganRedruth£107,6005
TR16 4SGCoronation Road, IlloganRedruth£120,8333
TR16 4SJChurchtown Road, IlloganRedruth£138,3333
TR16 4FWHitchen Heights North Coast Holiday Cottages, New Portreath RoadRedruth£141,6663
TR16 4NALamorna Court, Greenfield TerraceRedruth£143,0003
TR16 6DBLanner Hill, LannerRedruth£144,6663
TR16 4SFChurchtown Road, IlloganRedruth£155,8914
TR16 4DGTregullan, IlloganRedruth£156,6663
TR16 6QDAndrews Terrace, Four LanesRedruth£162,0003
TR16 6DWLanner Hill, LannerRedruth£162,7504

Explore TR16 (Redruth) using map

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