Key indicators for buyers
The PL31 market is moderately favourable for buyers. Prices have softened (-32.0%), 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
2025averages · 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 £243,091 with a 25% deposit (£61k), a 2-year fixed mortgage at 3.97% costs around £959 per month.
Monthly cost comparison based on current data
Uses PL31 avg. price with Cornwall rental data
Monthly mortgage payments (£959) are £46 less than renting (£1,005). However, buying requires an upfront deposit of £61k — it would take around 8 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
1, BARTON CLOSE PL31 2LA | Terraced | £174,000 | 22 Dec 2025 |
10, VALLEY VIEW PL31 1BE | Other | £250,000 | 19 Dec 2025 |
1, TALVENYDH COURT PL31 2RU | Terraced | £162,000 | 19 Dec 2025 |
13, GRASS VALLEY PARK PL31 1DN | Semi-detached | £260,000 | 19 Dec 2025 |
10, WHITESTONE CRESCENT PL31 1PF | Detached | £365,000 | 18 Dec 2025 |
4, MARCHELE CLOSE PL31 1HR | Semi-detached | £220,000 | 18 Dec 2025 |
12, TRETOIL VIEW PL31 1BX | Detached | £410,000 |
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 PL31 sold for £243,091 in 2025, with a median of £217,250 across 246 transactions. Prices fell 32.0% compared to the previous year.
| 17 Dec 2025 |
76, HIGHER BORE STREET PL31 1JW | Terraced | £165,000 | 17 Dec 2025 |
3, CRIBBAGE TERRACE PL31 2NA | Terraced | £33,703 | 17 Dec 2025 |
6, TANNERS ROAD PL31 2UW | Terraced | £185,000 | 17 Dec 2025 |
56, QUEENS CRESCENT PL31 1QW | Semi-detached | £167,000 | 17 Dec 2025 |
APARTMENT 1, STORES & SUPPLIES, FOULSTON WAY PL31 2QH | Flat/Maisonette | £230,000 | 16 Dec 2025 |
6, GILBERT ROAD PL31 2BY | Detached | £415,000 | 16 Dec 2025 |
24, BOXWELL PARK PL31 2BG | Detached | £635,000 | 15 Dec 2025 |
12, PRIORY ROAD PL31 2AG | Detached | £260,000 | 15 Dec 2025 |
16A, CROCKWELL STREET PL31 2DS | Terraced | £150,000 | 12 Dec 2025 |
71, KESTELL PARC PL31 1HP | Detached | £295,000 | 12 Dec 2025 |
FLAT 4, 14, CASTLE STREET PL31 2DU | Flat/Maisonette | £100,000 | 11 Dec 2025 |
133, ST MARYS ROAD PL31 1NH | Semi-detached | £195,250 | 11 Dec 2025 |
70, HIGHER BORE STREET PL31 1JW | Terraced | £139,000 | 8 Dec 2025 |
The most recent recorded sale in PL31 was a terraced property on Barton Close for £174,000 in December 2025. Across the last 20 sales, the median price was £220,000.