Key indicators for buyers
The PL22 market is moderately favourable for buyers. Prices have softened (-8.3%), which could present a buying opportunity. Affordability has improved from a peak of 11.0x in 2021 to 8.6x today. Rising rents (£1,005/mo, +6.0%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Cornwall area
A home in Cornwall costs 8.6x the local median salary — stretched, improving from a peak of 11.0x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Cornwall area
Average monthly rent in Cornwall is £1,005, up 6.0% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Cornwall price of £325,000 with a 25% deposit (£81k), a 2-year fixed mortgage at 3.97% costs around £1,283 per month.
Monthly cost comparison based on current data
Uses PL22 avg. price with Cornwall rental data
Monthly mortgage payments (£1,283) are £278 more than renting (£1,005). However, buying requires an upfront deposit of £81k — it would take around 14 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
26, SUMMERS STREET PL22 0DH | Terraced | £325,000 | 22 Jan 2026 |
1, KNIGHTS COURT PL22 0BE | Detached | £505,000 | 18 Dec 2025 |
10, CHURCH LANE PL22 0DA | Semi-detached | £226,000 | 16 Dec 2025 |
28, SUMMERS STREET PL22 0DH | Terraced | £205,000 | 12 Dec 2025 |
18, UZELLA PARK PL22 0BB | Terraced | £150,000 | 3 Dec 2025 |
11, GRENVILLE ROAD PL22 0EP | Terraced | £225,000 | 28 Nov 2025 |
22, GRENVILLE ROAD PL22 0EP | Terraced | £238,000 |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in PL22 sold for £325,000 in 2026, with a median of £325,000 across 1 transactions. Prices fell 8.3% compared to the previous year.
| 14 Nov 2025 |
16, BRUNEL QUAYS PL22 0JB | Flat/Maisonette | £515,000 | 17 Oct 2025 |
21, CASTLE VIEW PL22 0EJ | Terraced | £240,000 | 10 Oct 2025 |
BIDE-A-WEE, SCRATIONS LANE PL22 0SL | Detached | £439,000 | 3 Oct 2025 |
4, ADDISON TERRACE PL22 0AL | Terraced | £300,000 | 30 Sept 2025 |
COINAGE HALL, 8B, QUAY STREET PL22 0BS | Semi-detached | £250,000 | 26 Sept 2025 |
17, SUMMERS STREET PL22 0DH | Terraced | £235,000 | 22 Sept 2025 |
20, GRENVILLE ROAD PL22 0EP | Terraced | £270,000 | 12 Sept 2025 |
TRENOWETH, ROSE HILL PL22 0DQ | Semi-detached | £445,000 | 12 Sept 2025 |
THE GRANGE, ST VEEP PL22 0NS | Detached | £1,050,000 | 1 Sept 2025 |
34, FORE STREET PL22 0BN | Other | £255,000 | 29 Aug 2025 |
6, KING STREET PL22 0AQ | Terraced | £310,000 | 27 Aug 2025 |
GREENWAYS, SCRATIONS LANE PL22 0DP | Detached | £600,000 | 26 Aug 2025 |
SUNDOWN, HILLSIDE GARDENS PL22 0DB | Detached | £305,000 | 15 Aug 2025 |
The most recent recorded sale in PL22 was a terraced property on Summers Street for £325,000 in January 2026. Across the last 20 sales, the median price was £300,000.