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House Prices in TR3 House Prices in TR3 (Truro)

The average house price in TR3 (Truro) is £427,958 using HM Land Registry data.

The average property price increased by £148,539 (31.29%) over the last 5 years and increased by £29,762 (4.56%) over the last 12 months.

Over the last year, there were 137 residential property sales – a decrease of 55 transactions (-40.15%) relative to the previous year. The majority of house sales (44) were in the £240,000 - £344,000 range. Then came properties in the £344,000 - £448,000 range, where 33 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 132 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-19,848 (-3%).

In Dec 24, there were 12 new estate agency instructions, 12 agreed home sales and 8 property price reductions.

Nearby Postcodes: , PL26, TR1, TR10, TR11, TR12, TR13, TR14, TR15, TR16, TR17, TR18, TR19, TR2, TR20, TR21, TR22, TR23, TR24, TR25, TR26, TR27, TR4, TR5, TR6, TR8

5-Year Average Property Prices in TR3 (Truro)

31.29%

Property prices in Truro increased by 31.29% 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 TR3 (Truro) Over the Last Year

4.56%

Property prices in Truro increased by 4.56% 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 TR3 (Truro) - Dec 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 TR3 (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 TR3 (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 TR3 (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 TR3 (Truro) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the TR3 postcode area since 1995.

Recent Sales in TR3 (Truro)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
51 Hawthorn Way, Threemilestone, Truro, Cornwall, TR3 6TU£240,000£235,000-£5,00007 May 202420 Nov 2024197 Days
17 Collins Parc, Stithians, Truro, Cornwall, TR3 7RB£239,950£235,000-£4,95007 May 202415 Nov 2024192 Days
Pinelands, Holywell Road, Playing Place, Truro, Cornwall, TR3 6EP£425,000£410,000-£15,00029 May 202431 Oct 2024155 Days
14 Tregavethan View, Threemilestone, Truro, Cornwall, TR3 6SS£350,000£325,000-£25,00009 Apr 202431 Oct 2024205 Days
Flat 7, Melin Goth, Centenary Way, Threemilestone, Truro, Cornwall, TR3 6FJ£135,000£68,000-£67,00014 Aug 201823 Oct 20242262 Days
The Old Manse, Bissoe Road, Carnon Downs, Truro, Cornwall, TR3 6JA£570,000£545,000-£25,00012 Jun 202418 Oct 2024128 Days
12 Hendra Close, Stithians, Truro, Cornwall, TR3 7AL£280,000£275,000-£5,00022 Mar 202418 Oct 2024210 Days
7a, Elm Grove, Feock, Truro, Cornwall, TR3 6RH£150,000£146,500-£3,50008 Mar 202402 Oct 2024208 Days
23 Springfield Way, Threemilestone, Truro, Cornwall, TR3 6BJ£410,000£395,000-£15,00008 Feb 202427 Sep 2024232 Days
10 Victoria Gardens, Threemilestone, Truro, Cornwall, TR3 6DA£280,000£270,000-£10,00001 May 202413 Sep 2024135 Days
The Old School House, Frog Hill, Ponsanooth, Truro, Cornwall, TR3 7JW£685,000£665,000-£20,00008 Mar 202412 Sep 2024188 Days
19 Forth An Cos, Ponsanooth, Truro, Cornwall, TR3 7RJ£415,000£407,500-£7,50024 May 202406 Sep 2024105 Days
22 Forth An Cos, Ponsanooth, Truro, Cornwall, TR3 7RJ£399,950£399,950£0021 Aug 202304 Sep 2024380 Days
42 Tremayne Close, Devoran, Truro, Cornwall, TR3 6QE£550,000£527,250-£22,75002 May 202430 Aug 2024120 Days
20 Devoran Lane, Devoran, Truro, Cornwall, TR3 6PA£750,000£750,000£0003 Apr 202421 Aug 2024140 Days
41 The Forge, Carnon Downs, Truro, Cornwall, TR3 6JP£425,000£387,500-£37,50023 Aug 202305 Aug 2024348 Days
Sanderling, Harcourt Lane, Feock, Truro, Cornwall, TR3 6RW£900,000£890,000-£10,00012 Mar 202415 Jul 2024125 Days
Woodend, Old Carnon Hill, Carnon Downs, Truro, Cornwall, TR3 6LF£599,950£590,000-£9,95006 Apr 202404 Jul 202489 Days
Brooklyn, Tregonning Road, Stithians, Truro, Cornwall, TR3 7FG£595,000£590,000-£5,00007 Mar 202421 Jun 2024106 Days
55 Hawthorn Way, Threemilestone, Truro, Cornwall, TR3 6TU£385,000£350,000-£35,00006 Dec 202314 Jun 2024191 Days

Most Expensive Streets in TR3 (Truro)

PostcodeStreetAreaAverageNo. of Sales
TR3 6RBRestronguet Point, FeockTruro£2,289,1458
TR3 6RTTrolver Croft, FeockTruro£1,263,7508
TR3 6SEPill Lane, FeockTruro£1,215,0005
TR3 6RUPenpol, FeockTruro£1,123,3333
TR3 6NPPenpol, DevoranTruro£925,0003
TR3 6SQHarcourt, FeockTruro£911,6663
TR3 6QNFeockTruro£910,1005
TR3 6PWQuay Road, DevoranTruro£909,1663
TR3 6RRTrolver Hill, FeockTruro£907,3005
TR3 6RQLa Vague, FeockTruro£871,5004

Least Expensive Streets in TR3 (Truro)

PostcodeStreetAreaAverageNo. of Sales
TR3 6FJMelin Goth, Centenary WayTruro£66,5004
TR3 6TXHolly Close, ThreemilestoneTruro£141,3336
TR3 6TSDeeble Close, ThreemilestoneTruro£141,7005
TR3 6TRLowen Way, ThreemilestoneTruro£167,8333
TR3 6LDThe Valley, Bissoe RoadTruro£194,62516
TR3 7BTPeters Terrace, Foundry HillTruro£206,0003
TR3 6BPSilver Way, ThreemilestoneTruro£208,3333
TR3 6TUHawthorn Way, ThreemilestoneTruro£216,66612
TR3 7QYChapel Meadows, Perranwell StationTruro£220,0004
TR3 6DPPengelly Way, ThreemilestoneTruro£220,9916

Explore TR3 (Truro) using map

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