Key indicators for buyers
The TR7 market presents a mixed picture for buyers. Prices are rising at 16.6%, 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 £402,492 with a 25% deposit (£101k), a 2-year fixed mortgage at 3.97% costs around £1,588 per month.
Monthly cost comparison based on current data
Uses TR7 avg. price with Cornwall rental data
Monthly mortgage payments (£1,588) are £583 more than renting (£1,005). However, buying requires an upfront deposit of £101k — it would take around 23 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
32, STRET CONSTANTINE TR7 1GH | Terraced | £267,500 | 20 Jan 2026 |
7, MAYFIELD ROAD TR7 2DQ | Terraced | £213,400 | 20 Jan 2026 |
190, POLWHELE ROAD TR7 2TN | Semi-detached | £287,000 | 20 Jan 2026 |
28, DUKES WAY TR7 2RW | Detached | £600,000 | 16 Jan 2026 |
2, LYONS COURT TR7 3FF | Semi-detached | £305,000 | 16 Jan 2026 |
16, PRAZE ROAD TR7 3DD | Detached | £600,000 | 14 Jan 2026 |
95, TRERICE DRIVE TR7 2TE | Detached | £372,000 |
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 TR7 sold for £402,492 in 2026, with a median of £348,500 across 12 transactions. Prices rose 16.6% compared to the previous year.
| 12 Jan 2026 |
11, PENTIRE CRESCENT TR7 1PU | Detached | £630,000 | 8 Jan 2026 |
47, CHURCH STREET TR7 3ES | Terraced | £325,000 | 7 Jan 2026 |
5, TRETHELLAN HILL TR7 1QS | Semi-detached | £570,000 | 6 Jan 2026 |
19, SHACKLETON DRIVE TR7 3PE | Detached | £450,000 | 5 Jan 2026 |
FLAT 2, PEBBLE COURT 129-131, HENVER ROAD TR7 3DT | Flat/Maisonette | £210,000 | 5 Jan 2026 |
26, BILLINGS DRIVE TR7 2SQ | Detached | £377,500 | 19 Dec 2025 |
FLAT 4, 22, EDGCUMBE AVENUE TR7 2NH | Flat/Maisonette | £115,000 | 19 Dec 2025 |
FLAT 3, DRIFTWOOD, 3, ST THOMAS ROAD TR7 1RS | Flat/Maisonette | £188,000 | 19 Dec 2025 |
24, CORONATION WAY TR7 3JL | Terraced | £278,000 | 18 Dec 2025 |
98, PENMERE DRIVE TR7 1NG | Detached | £485,000 | 17 Dec 2025 |
56, EDGCUMBE AVENUE TR7 2NJ | Terraced | £395,000 | 17 Dec 2025 |
APARTMENT 44, PERRAN LODGE, NARROWCLIFF TR7 2FT | Flat/Maisonette | £250,000 | 17 Dec 2025 |
5, THE PAVILIONS, 6, RIVERSIDE AVENUE TR7 1PL | Terraced | £575,000 | 16 Dec 2025 |
The most recent recorded sale in TR7 was a terraced property on Stret Constantine for £267,500 in January 2026. Across the last 20 sales, the median price was £372,000.