Key indicators for buyers
The TR18 market is moderately favourable for buyers. Prices have softened (-25.9%), 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 £233,511 with a 25% deposit (£58k), a 2-year fixed mortgage at 3.97% costs around £922 per month.
Monthly cost comparison based on current data
Uses TR18 avg. price with Cornwall rental data
Monthly mortgage payments (£922) are £83 less than renting (£1,005). However, buying requires an upfront deposit of £58k — 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 |
|---|---|---|---|
8, TRAFALGAR COURT, EAST TERRACE TR18 2TB | Flat/Maisonette | £165,000 | 28 Jan 2026 |
47, ST JAMES STREET TR18 2BU | Semi-detached | £225,000 | 23 Jan 2026 |
35, NEW STREET TR18 2NA | Terraced | £126,000 | 20 Jan 2026 |
2, FRANWILL COTTAGES, CHURCH STREET, NEWLYN TR18 5JX | Terraced | £115,600 | 8 Jan 2026 |
1, REENS ROAD, HEAMOOR TR18 3HP | Detached | £270,000 | 8 Jan 2026 |
18, PENROSE COURT, CHYANDOUR CLIFF TR18 3LG | Flat/Maisonette | £255,000 | 8 Jan 2026 |
15, ST CLARE STREET TR18 2PB |
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 TR18 sold for £233,511 in 2026, with a median of £225,000 across 9 transactions. Prices fell 25.9% compared to the previous year.
| Terraced |
| £180,000 |
| 5 Jan 2026 |
14, TOLVER PLACE TR18 2AD | Terraced | £390,000 | 5 Jan 2026 |
24, HARBOUR VIEW CRESCENT TR18 2AZ | Semi-detached | £375,000 | 5 Jan 2026 |
4, ART GALLERY TERRACE, NEWLYN TR18 5PW | Terraced | £170,000 | 22 Dec 2025 |
24, ADELAIDE STREET TR18 2ER | Terraced | £245,000 | 19 Dec 2025 |
4, JAMAICA TERRACE, HEAMOOR TR18 3HQ | Terraced | £100,000 | 19 Dec 2025 |
6, TREBAN ROAD TR18 4QS | Terraced | £274,000 | 19 Dec 2025 |
86, FORE STREET, NEWLYN TR18 5JR | Terraced | £160,000 | 18 Dec 2025 |
MILL HOUSE, POLTAIR TERRACE, HEAMOOR TR18 3EG | Detached | £350,000 | 18 Dec 2025 |
3, ALEXANDRA GARDENS TR18 4SY | Detached | £362,000 | 16 Dec 2025 |
GROUND FLOOR FLAT, MILLHOUSE, POLTAIR TERRACE, HEAMOOR TR18 3EG | Flat/Maisonette | £42,000 | 16 Dec 2025 |
21, ALEXANDRA GARDENS TR18 4SY | Detached | £540,000 | 15 Dec 2025 |
8, ARMISTICE GARDENS TR18 2FX | Flat/Maisonette | £300,000 | 15 Dec 2025 |
10, BAY VIEW TERRACE TR18 4HS | Terraced | £317,000 | 15 Dec 2025 |
The most recent recorded sale in TR18 was a flat/maisonette property on East Terrace for £165,000 in January 2026. Across the last 20 sales, the median price was £255,000.