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House Prices in TR1 House Prices in TR1 (Truro)

The average house price in TR1 (Truro) is £334,428 using HM Land Registry data.

The average property price increased by £80,511 (31.67%) over the last 5 years and increased by £16,132 (4.6%) over the last 12 months.

Over the last year, there were 236 residential property sales – a decrease of 84 transactions (-35.59%) relative to the previous year. The majority of house sales (57) were in the £170,000 - £246,000 range. Then came properties in the £246,000 - £322,000 range, where 57 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 76 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,267 (-2%).

In Oct 24, there were 72 new estate agency instructions, 65 agreed home sales and 32 property price reductions.

Nearby Postcodes: , PL26, TR10, TR11, TR12, TR13, TR14, TR15, TR16, TR17, TR18, TR19, TR2, TR20, TR21, TR22, TR23, TR24, TR25, TR26, TR27, TR3, TR4, TR5, TR6, TR8

5-Year Average Property Prices in TR1 (Truro)

31.67%

Property prices in 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 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.

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 TR1 (Truro) - 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 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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
32 Lamellyn Drive, Truro, Cornwall, TR1 3JR£360,000£360,000£0024 Apr 202420 Aug 2024118 Days
12 Enys Quay, Truro, Cornwall, TR1 2HH£130,000£130,000£0022 Jan 202409 Aug 2024200 Days
3 Murdoch Close, Truro, Cornwall, TR1 1RR£310,000£300,000-£10,00020 Feb 202401 Aug 2024163 Days
11 Richmond Hill, Truro, Cornwall, TR1 3HS£175,000£172,000-£3,00004 Mar 202424 Jul 2024142 Days
10 Adelaide Terrace, Truro, Cornwall, TR1 3EJ£385,000£380,000-£5,00027 Dec 202322 Jul 2024208 Days
15 Albany Road, Truro, Cornwall, TR1 3PQ£220,000£220,000£0009 Mar 202417 Jul 2024130 Days
15 Chirgwin Road, Truro, Cornwall, TR1 1TS£325,000£324,000-£1,00021 Mar 202415 Jul 2024116 Days
12 St Aubyns Road, Truro, Cornwall, TR1 2DU£265,000£255,000-£10,00028 Mar 202412 Jul 2024106 Days
1a, Redannick Lane, Truro, Cornwall, TR1 2DF£565,000£550,000-£15,00016 Apr 202408 Jul 202483 Days
35 Kenwyn Street, Truro, Cornwall, TR1 3BU£210,000£193,000-£17,00001 Feb 202405 Jul 2024155 Days
60 Daniell Road, Truro, Cornwall, TR1 2DB£675,000£660,000-£15,00013 Oct 202302 Jul 2024263 Days
51 Penhaligon Court, Truro, Cornwall, TR1 1YB£186,000£185,000-£1,00029 Jan 202402 Jul 2024155 Days
31 Lower Redannick, Truro, Cornwall, TR1 2JW£450,000£435,000-£15,00009 Feb 202428 Jun 2024140 Days
43 Upland Crescent, Truro, Cornwall, TR1 1NE£299,950£299,950£0002 Jan 202427 Jun 2024177 Days
10 Harrison Terrace, Truro, Cornwall, TR1 3EN£375,000£365,000-£10,00004 Jan 202424 Jun 2024172 Days
24 Cornubia Close, Truro, Cornwall, TR1 1SA£300,000£290,000-£10,00026 Feb 202421 Jun 2024116 Days
11 Enys Quay, Truro, Cornwall, TR1 2HH£150,000£140,000-£10,00023 Dec 201514 Jun 20243096 Days
3 Trehaverne Terrace, Truro, Cornwall, TR1 3SE£350,000£332,500-£17,50022 Jul 202306 Jun 2024320 Days
10 Trelander Highway, Truro, Cornwall, TR1 1PF£190,000£185,000-£5,00030 Jan 202405 Jun 2024127 Days
4 Gwarnick Road, Truro, Cornwall, TR1 2LF£270,000£270,000£0023 Jan 202430 May 2024128 Days

Most Expensive Streets in TR1 (Truro)

PostcodeStreetAreaAverageNo. of Sales
TR1 1NXSt Clements HillTruro£1,275,0003
TR1 1SNMalpasTruro£1,185,0003
TR1 1TAScarcewater Vean, St ClementTruro£931,2504
TR1 1SZSt ClementTruro£914,5005
TR1 2PDUpper Lemon VillasTruro£856,5205
TR1 2BLFalmouth RoadTruro£832,5004
TR1 3RQTrewinnard GroveTruro£831,6503
TR1 3EEComprigney HillTruro£811,8333
TR1 1SQMalpasTruro£800,8256
TR1 1HRThe AvenueTruro£798,7504

Least Expensive Streets in TR1 (Truro)

PostcodeStreetAreaAverageNo. of Sales
TR1 1RGTreverbyn RoadTruro£97,3333
TR1 2XXRobartes Court, Redannick LaneTruro£120,0007
TR1 2GALowen Court, Quay Street, TruroTruro£126,00021
TR1 2GGCorte Mear, Tresawya DriveTruro£128,4688
TR1 1PRTrelander NorthTruro£133,8333
TR1 1BQBodmin RoadTruro£136,5004
TR1 2HHEnys QuayTruro£138,1119
TR1 3BUKenwyn StreetTruro£139,6014
TR1 2FEHighshore House, New Bridge Street, TruroTruro£145,0836
TR1 2LWThe Clockhouse, Lemon QuayTruro£147,5905

Explore TR1 (Truro) using map

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