Key indicators for buyers
The TR12 market presents a mixed picture for buyers. Prices are rising at 30.5%, which may favour acting sooner rather than later. 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 £560,000 with a 25% deposit (£140k), a 2-year fixed mortgage at 3.97% costs around £2,210 per month.
Monthly cost comparison based on current data
Uses TR12 avg. price with Cornwall rental data
Monthly mortgage payments (£2,210) are £1,205 more than renting (£1,005). However, buying requires an upfront deposit of £140k — it would take around 96 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
PENDOWER, NANSMELLYON ROAD, MULLION TR12 7DQ | Detached | £560,000 | 15 Jan 2026 |
68, TRESKEWES ESTATE, ST KEVERNE TR12 6RA | Terraced | £195,000 | 22 Dec 2025 |
48, TREMBEL ROAD, MULLION TR12 7DY | Detached | £235,000 | 19 Dec 2025 |
THE GLANIS, RUAN MINOR TR12 7LS | Detached | £750,000 | 17 Dec 2025 |
ALPHA COTTAGE, GWEEK TR12 6TU | Terraced | £222,000 | 16 Dec 2025 |
MEADOW VIEW, NEWTOWN, ST MARTIN TR12 6DP | Detached | £450,000 | 10 Dec 2025 |
69, LAFLOUDER FIELDS, MULLION TR12 7HR |
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 TR12 sold for £560,000 in 2026, with a median of £560,000 across 1 transactions. Prices rose 30.5% compared to the previous year.
| Detached |
| £460,000 |
| 10 Dec 2025 |
8, GWEAL WOLLAS FIELDS, CURY TR12 7BU | Terraced | £265,000 | 10 Dec 2025 |
SKYLIGHT BARN, SUNNY CORNER, COVERACK TR12 6SZ | Detached | £490,000 | 9 Dec 2025 |
2 CEDAR CHAPEL, ST MARTIN TR12 6DN | Semi-detached | £475,000 | 9 Dec 2025 |
8, RIVIERA CLOSE, MULLION TR12 7AW | Semi-detached | £236,000 | 3 Dec 2025 |
4 COUNCIL HOUSES, KUGGAR, RUAN MINOR TR12 7LY | Semi-detached | £150,000 | 3 Dec 2025 |
MEADOWBANK, ANGROUSE LANE, MULLION TR12 7JA | Detached | £557,500 | 2 Dec 2025 |
5, TRENANCE COURT BUNGALOWS, MULLION TR12 7DH | Semi-detached | £155,000 | 26 Nov 2025 |
YE OLD CARPENTERS SHOP, THE COVE, COVERACK TR12 6SX | Semi-detached | £315,000 | 25 Nov 2025 |
TREDELJOSH, HIGHER LANE, MAWGAN TR12 6AN | Semi-detached | £225,000 | 21 Nov 2025 |
SCHOOL COTTAGE, GUNWALLOE TR12 7PZ | Semi-detached | £500,000 | 20 Nov 2025 |
CLIFTON COTTAGE, PORTHALLOW, ST KEVERNE TR12 6PP | Detached | £215,000 | 14 Nov 2025 |
1, CROFT PARC, THE LIZARD TR12 7PN | Detached | £230,000 | 14 Nov 2025 |
THE ROUND HOUSE, CHURCH COVE TR12 7PH | Other | £440,000 | 14 Nov 2025 |
The most recent recorded sale in TR12 was a detached property on Nansmellyon Road for £560,000 in January 2026. Across the last 20 sales, the median price was £315,000.