Key indicators for buyers
The TR15 market is moderately favourable for buyers. Prices have softened (-36.3%), 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 £170,875 with a 25% deposit (£43k), a 2-year fixed mortgage at 3.97% costs around £674 per month.
Monthly cost comparison based on current data
Uses TR15 avg. price with Cornwall rental data
Monthly mortgage payments (£674) are £331 less than renting (£1,005). However, buying requires an upfront deposit of £43k — it would take around 5 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
4, CARN VIEW TERRACE TR15 1NE | Terraced | £122,000 | 23 Jan 2026 |
2, TREWIRGIE ROAD TR15 2SX | Terraced | £100,000 | 22 Jan 2026 |
6, KING STREET TR15 1JQ | Semi-detached | £226,500 | 19 Jan 2026 |
59, ROSELAND GARDENS TR15 1PY | Semi-detached | £235,000 | 9 Jan 2026 |
FLAT 4, HEATHFIELD CHAPEL, REDRUTH HIGHWAY TR15 1RJ | Flat/Maisonette | £155,000 | 22 Dec 2025 |
CHYLOWEN, BARNCOOSE TERRACE, ILLOGAN HIGHWAY TR15 3ES | Semi-detached | £310,000 | 19 Dec 2025 |
5, GWEAL PAWL TR15 3DN |
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 TR15 sold for £170,875 in 2026, with a median of £174,250 across 4 transactions. Prices fell 36.3% compared to the previous year.
| Flat/Maisonette |
| £157,500 |
| 19 Dec 2025 |
1, THE MEADOW, CARN BREA VILLAGE TR15 3BJ | Detached | £375,000 | 19 Dec 2025 |
4, TOWN FARM COTTAGES, FALMOUTH ROAD TR15 2QX | Semi-detached | £215,000 | 18 Dec 2025 |
30, TOWN FARM TR15 2XG | Terraced | £217,500 | 18 Dec 2025 |
70, SOUTHGATE STREET TR15 2NB | Terraced | £332,000 | 17 Dec 2025 |
3, HAWKEYS MEWS TR15 2NL | Terraced | £235,000 | 17 Dec 2025 |
42, AGAR CRESCENT, ILLOGAN HIGHWAY TR15 3NG | Detached | £330,000 | 16 Dec 2025 |
CHAPEL BELLE, TREGAJORRAN TR15 3YU | Detached | £340,000 | 15 Dec 2025 |
17, RAYMOND ROAD TR15 2HD | Terraced | £273,500 | 15 Dec 2025 |
84, SUNNYSIDE PARC, ILLOGAN TR15 3LY | Detached | £425,000 | 12 Dec 2025 |
THE IRIS, BLOWINGHOUSE HILL TR15 3AH | Detached | £265,000 | 12 Dec 2025 |
MATTRE, CARN BREA LANE, POOL TR15 3DS | Detached | £352,500 | 12 Dec 2025 |
OLD RECTORY, CHURCHTOWN TR15 3BT | Detached | £710,000 | 12 Dec 2025 |
5, POLRUAN ROAD TR15 1QD | Semi-detached | £275,000 | 12 Dec 2025 |
The most recent recorded sale in TR15 was a terraced property on Carn View Terrace for £122,000 in January 2026. Across the last 20 sales, the median price was £273,500.