Key indicators for buyers
The PL23 market is moderately favourable for buyers. Prices have softened (-22.9%), 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 £410,667 with a 25% deposit (£103k), a 2-year fixed mortgage at 3.97% costs around £1,621 per month.
Monthly cost comparison based on current data
Uses PL23 avg. price with Cornwall rental data
Monthly mortgage payments (£1,621) are £616 more than renting (£1,005). However, buying requires an upfront deposit of £103k — it would take around 24 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
6, STATION ROAD PL23 1DF | Flat/Maisonette | £630,000 | 19 Jan 2026 |
5, UNION PLACE PL23 1BY | Terraced | £450,000 | 16 Jan 2026 |
65, HILL HAY CLOSE PL23 1EL | Detached | £152,000 | 8 Jan 2026 |
BASEMENT, 5, TRAFALGAR SQUARE PL23 1AZ | Flat/Maisonette | £90,000 | 15 Dec 2025 |
PENHALLOW COTTAGE, 16, FORE STREET, POLRUAN PL23 1PQ | Semi-detached | £407,500 | 12 Dec 2025 |
74, DU MAURIER DRIVE PL23 1DW | Detached | £375,000 | 12 Dec 2025 |
PENQUITE LODGE, GOLANT PL23 1LA | Detached |
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 PL23 sold for £410,667 in 2026, with a median of £450,000 across 3 transactions. Prices fell 22.9% compared to the previous year.
| £315,000 |
| 1 Dec 2025 |
CASTLE POINT, WEST STREET, POLRUAN PL23 1PL | Semi-detached | £910,000 | 28 Nov 2025 |
HARBOURS EDGE, FORE STREET PL23 1AQ | Other | £720,000 | 28 Nov 2025 |
30, ESPLANADE PL23 1HY | Semi-detached | £540,000 | 20 Nov 2025 |
5, MOSS TERRACE, POLRUAN PL23 1PF | Terraced | £430,000 | 18 Nov 2025 |
13, LONG MEADOW VIEWS, HILL HAY CLOSE PL23 1ES | Flat/Maisonette | £212,000 | 6 Nov 2025 |
APARTMENT 1, 32, WEST STREET, POLRUAN PL23 1PL | Flat/Maisonette | £215,000 | 5 Nov 2025 |
SPRINGHILL, CHAPEL LANE, POLRUAN PL23 1PG | Detached | £730,000 | 4 Nov 2025 |
3, LANKELLY CLOSE PL23 1HJ | Detached | £455,000 | 27 Oct 2025 |
17, WINDMILL PL23 1HD | Terraced | £224,000 | 17 Oct 2025 |
THE CROW'S NEST, 37, WEST STREET, POLRUAN PL23 1PL | Terraced | £250,000 | 8 Oct 2025 |
MENGLEUDH KOTH, GREEN LANE PL23 1DX | Detached | £835,000 | 25 Sept 2025 |
9, BRIARFIELD PL23 1DT | Detached | £263,000 | 24 Sept 2025 |
RIVERSIDE, GOLANT PL23 1LD | Detached | £1,900,000 | 23 Sept 2025 |
The most recent recorded sale in PL23 was a flat/maisonette property on Station Road for £630,000 in January 2026. Across the last 20 sales, the median price was £430,000.