Key indicators for buyers
The TR16 market is moderately favourable for buyers. Prices have softened (-26.7%), 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 £229,667 with a 25% deposit (£57k), a 2-year fixed mortgage at 3.97% costs around £906 per month.
Monthly cost comparison based on current data
Uses TR16 avg. price with Cornwall rental data
Monthly mortgage payments (£906) are £99 less than renting (£1,005). However, buying requires an upfront deposit of £57k — it would take around 7 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
3, JEWELLS TERRACE, FOUR LANES TR16 6QS | Terraced | £235,000 | 22 Jan 2026 |
14, SCORRIER STREET, ST DAY TR16 5LH | Terraced | £83,000 | 20 Jan 2026 |
17, MERRITTS HILL, ILLOGAN TR16 4HD | Detached | £205,000 | 16 Jan 2026 |
48, CHENOWETH WAY, SCORRIER TR16 5DS | Terraced | £350,000 | 14 Jan 2026 |
38, TREVELTHAN ROAD, ILLOGAN TR16 4DX | Detached | £260,000 | 6 Jan 2026 |
16, BOSVEAN GARDENS, PAYNTERS LANE TR16 4DH | Terraced | £245,000 | 6 Jan 2026 |
ROSCOT, PAYNTERS LANE, ILLOGAN TR16 4DS |
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 TR16 sold for £229,667 in 2026, with a median of £240,000 across 6 transactions. Prices fell 26.7% compared to the previous year.
| Terraced |
| £86,500 |
| 23 Dec 2025 |
41, ALEXANDRA CLOSE, ILLOGAN TR16 4RS | Detached | £310,000 | 19 Dec 2025 |
2, HARVEY COURT, FOUR LANES TR16 6AH | Detached | £305,000 | 19 Dec 2025 |
29, LANNER HILL, LANNER TR16 6DW | Terraced | £169,000 | 19 Dec 2025 |
LITTLE ALEXANDRA, 20, ALEXANDRA ROAD, ILLOGAN TR16 4DY | Detached | £320,000 | 19 Dec 2025 |
SUNNYSIDE, PENNANCE ROAD, LANNER TR16 5TF | Detached | £550,000 | 19 Dec 2025 |
BRIENZ, BATTERY HILL, PORTREATH TR16 4NR | Detached | £433,500 | 19 Dec 2025 |
5, MANOR ROAD, CARHARRACK TR16 5SD | Detached | £363,000 | 18 Dec 2025 |
SUNRAY, PRIMROSE TERRACE, PORTREATH TR16 4JS | Semi-detached | £340,000 | 18 Dec 2025 |
TRESCO, FOUR LANES TR16 6LJ | Detached | £310,000 | 17 Dec 2025 |
56, ALEXANDRA CLOSE, ILLOGAN TR16 4RS | Detached | £260,000 | 17 Dec 2025 |
13, HOMEFIELD PARK, PORTREATH TR16 4AB | Terraced | £225,000 | 17 Dec 2025 |
CARN VIEW, PAYNTERS LANE END TR16 4RR | Detached | £390,000 | 16 Dec 2025 |
LABURNUM HOUSE, VOGUE, ST DAY TR16 5NH | Semi-detached | £235,000 | 12 Dec 2025 |
The most recent recorded sale in TR16 was a terraced property on Jewells Terrace for £235,000 in January 2026. Across the last 20 sales, the median price was £305,000.