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House Prices in TR3

The average house price in TR3 (Truro) is £467,000 using HM Land Registry data.

The average property price increased by £141,942 (31.29%) over the last 5 years and increased by £28,440 (4.56%) over the last 12 months.

Over the last year, there were 139 residential property sales – a decrease of 51 transactions (-36.69%) relative to the previous year. The majority of house sales (46) were in the £240,000 - £348,000 range. Then came properties in the £348,000 - £456,000 range, where 32 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 86 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-16,145 (-2%).

In Oct 24, there were 27 new estate agency instructions, 21 agreed home sales and 23 property price reductions.

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.

Property Market Heat Gauge for TR3 (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 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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
41 The Forge, Carnon Downs, Truro, Cornwall, TR3 6JP	£425,000	£387,500	-£37,500	23 Aug 2023	05 Aug 2024	348 Days
Sanderling, Harcourt Lane, Feock, Truro, Cornwall, TR3 6RW	£900,000	£890,000	-£10,000	12 Mar 2024	15 Jul 2024	125 Days
Woodend, Old Carnon Hill, Carnon Downs, Truro, Cornwall, TR3 6LF	£599,950	£590,000	-£9,950	06 Apr 2024	04 Jul 2024	89 Days
Brooklyn, Tregonning Road, Stithians, Truro, Cornwall, TR3 7FG	£595,000	£590,000	-£5,000	07 Mar 2024	21 Jun 2024	106 Days
55 Hawthorn Way, Threemilestone, Truro, Cornwall, TR3 6TU	£385,000	£350,000	-£35,000	06 Dec 2023	14 Jun 2024	191 Days
14 Glyn Way, Threemilestone, Truro, Cornwall, TR3 6DT	£275,000	£273,000	-£2,000	07 Jul 2023	07 Jun 2024	336 Days
15 Silver Way, Threemilestone, Truro, Cornwall, TR3 6BP	£250,000	£243,500	-£6,500	01 Feb 2024	07 Jun 2024	127 Days
11 Hendra Close, Stithians, Truro, Cornwall, TR3 7AL	£130,000	£130,000	£00	14 Aug 2023	03 Jun 2024	294 Days
14 Old Coach Road, Playing Place, Truro, Cornwall, TR3 6ER	£650,000	£620,000	-£30,000	03 Feb 2024	23 May 2024	110 Days
18 Knights Meadow, Carnon Downs, Truro, Cornwall, TR3 6HU	£450,000	£425,000	-£25,000	21 Feb 2024	23 May 2024	92 Days
Oak Springs, Lower Hugus Road, Threemilestone, Truro, Cornwall, TR3 6BD	£600,000	£567,000	-£33,000	30 Oct 2023	17 May 2024	200 Days
14 Springfield Way, Threemilestone, Truro, Cornwall, TR3 6BJ	£325,000	£300,000	-£25,000	28 Sep 2023	03 May 2024	218 Days
5 Crellow Fields, Stithians, Truro, Cornwall, TR3 7RE	£290,000	£275,000	-£15,000	15 Feb 2024	26 Apr 2024	71 Days
26 Belmont Terrace, Devoran, Truro, Cornwall, TR3 6PX	£625,000	£590,000	-£35,000	09 Aug 2023	25 Apr 2024	260 Days
23 Forth Noweth, Carnon Downs, Truro, Cornwall, TR3 6LU	£410,000	£410,000	£00	23 Oct 2023	23 Apr 2024	183 Days
3 Tregavethan View, Threemilestone, Truro, Cornwall, TR3 6SS	£390,000	£380,000	-£10,000	10 Sep 2023	05 Apr 2024	208 Days
7 Pine Court, Perranwell Station, Truro, Cornwall, TR3 7RH	£365,000	£340,000	-£25,000	26 Dec 2023	28 Mar 2024	93 Days
20 Pendeen Crescent, Threemilestone, Truro, Cornwall, TR3 6SP	£360,000	£236,667	-£123,333	28 Dec 2021	01 Mar 2024	794 Days
21 Parkancreeg, Carnon Downs, Truro, Cornwall, TR3 6HN	£570,000	£563,500	-£6,500	14 Nov 2023	29 Feb 2024	107 Days
Lowena, Greenwith Road, Perranwell Station, Truro, Cornwall, TR3 7LT	£675,000	£670,000	-£5,000	28 Sep 2023	29 Feb 2024	154 Days

Most Expensive Streets in TR3 (Truro)

Postcode	Street	Area	Average	No. of Sales
TR3 6RB	Restronguet Point, Feock	Truro	£2,130,907	9
TR3 6RT	Trolver Croft, Feock	Truro	£1,263,750	8
TR3 6RU	Penpol, Feock	Truro	£1,123,333	3
TR3 6SE	Pill Lane, Feock	Truro	£1,096,666	6
TR3 6NP	Penpol, Devoran	Truro	£925,000	3
TR3 6SQ	Harcourt, Feock	Truro	£911,666	3
TR3 6QN	Feock	Truro	£910,100	5
TR3 6PW	Quay Road, Devoran	Truro	£909,166	3
TR3 6RR	Trolver Hill, Feock	Truro	£907,300	5
TR3 6RQ	La Vague, Feock	Truro	£871,500	4

Least Expensive Streets in TR3 (Truro)

Postcode	Street	Area	Average	No. of Sales
TR3 6FJ	Melin Goth, Centenary Way	Truro	£66,500	4
TR3 6TS	Deeble Close, Threemilestone	Truro	£137,850	7
TR3 6TX	Holly Close, Threemilestone	Truro	£141,333	6
TR3 6TR	Lowen Way, Threemilestone	Truro	£167,833	3
TR3 6LD	The Valley, Bissoe Road	Truro	£194,625	16
TR3 7BT	Peters Terrace, Foundry Hill	Truro	£206,000	3
TR3 6BP	Silver Way, Threemilestone	Truro	£208,333	3
TR3 6TU	Hawthorn Way, Threemilestone	Truro	£211,714	14
TR3 7QY	Chapel Meadows, Perranwell Station	Truro	£220,000	4
TR3 6DP	Pengelly Way, Threemilestone	Truro	£220,991	6