Key indicators for buyers
The TR1 market is moderately favourable for buyers. Prices have softened (-11.9%), 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 £299,679 with a 25% deposit (£75k), a 2-year fixed mortgage at 3.97% costs around £1,183 per month.
Monthly cost comparison based on current data
Uses TR1 avg. price with Cornwall rental data
Monthly mortgage payments (£1,183) are £178 more than renting (£1,005). However, buying requires an upfront deposit of £75k — it would take around 12 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
8, JAMES PLACE TR1 1JL | Terraced | £205,000 | 23 Jan 2026 |
1, LYS LANDER, TREGOLLS ROAD TR1 1GR | Flat/Maisonette | £135,000 | 19 Jan 2026 |
31, KENWYN STREET TR1 3BU | Terraced | £210,000 | 19 Jan 2026 |
16, EVEA CLOSE TR1 3XA | Semi-detached | £287,500 | 16 Jan 2026 |
5, SCHOLAR ROAD TR1 3GJ | Semi-detached | £335,000 | 16 Jan 2026 |
2, CHIRGWIN ROAD TR1 1TT | Semi-detached | £370,000 | 14 Jan 2026 |
25, HURLAND ROAD TR1 2BU | Detached | £495,000 |
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 TR1 sold for £299,679 in 2026, with a median of £288,750 across 14 transactions. Prices fell 11.9% compared to the previous year.
| 14 Jan 2026 |
11, POLWHELE ROAD TR1 1RF | Flat/Maisonette | £115,000 | 12 Jan 2026 |
1, HAYNE CORFE CRESCENT TR1 3FJ | Terraced | £413,000 | 12 Jan 2026 |
4, ENYS CLOSE TR1 3TF | Terraced | £270,000 | 9 Jan 2026 |
11, BRUNEL COURT TR1 3AE | Terraced | £290,000 | 9 Jan 2026 |
29, HURLAND ROAD TR1 2BU | Detached | £560,000 | 9 Jan 2026 |
7, BENSON GARDENS TR1 1DR | Flat/Maisonette | £160,000 | 6 Jan 2026 |
4, CHIRGWIN ROAD TR1 1TT | Semi-detached | £350,000 | 5 Jan 2026 |
70, ROSEDALE ROAD TR1 3SA | Terraced | £190,000 | 19 Dec 2025 |
30, CHELLEW ROAD TR1 1LH | Terraced | £280,000 | 19 Dec 2025 |
6, COMPRIGNEY CLOSE TR1 3DT | Terraced | £222,000 | 19 Dec 2025 |
6, BREWERS ROAD TR1 1AJ | Detached | £423,000 | 19 Dec 2025 |
FLAT 5, SWAN COURT, BOSVIGO ROAD TR1 3DQ | Flat/Maisonette | £205,000 | 19 Dec 2025 |
57, BRUNEL COURT TR1 3AE | Flat/Maisonette | £130,720 | 18 Dec 2025 |
The most recent recorded sale in TR1 was a terraced property on James Place for £205,000 in January 2026. Across the last 20 sales, the median price was £280,000.