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Falmouth House Prices Falmouth House Prices

The average house price in Falmouth is £375,823 using HM Land Registry data.

The average property price increased by £120,906 (39.72%) over the last 5 years and increased by £24,165 (6.02%) over the last 12 months.

Over the last year, there were 298 residential property sales – a decrease of 112 transactions (-37.58%) relative to the previous year. The majority of house sales (85) were in the £266,000 - £352,000 range. Then came properties in the £352,000 - £438,000 range, where 56 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 63 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,954 (-3%).

In April 2024, there were 62 new estate agency instructions, 49 agreed home sales and 20 property price reductions.

Neighbouring Areas: Penryn

Postcodes Covered: TR11

5-Year Average Property Prices in Falmouth

39.72%

Property prices in Falmouth increased by 39.72% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Falmouth Over the Last Year

6.02%

Property prices in Falmouth increased by 6.02% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Falmouth - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Falmouth

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Falmouth

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Falmouth

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Falmouth since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Falmouth area since 1995.

Recent Property Sales in Falmouth

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Flat 7, Sand Bay, Cliff Road, Falmouth, Cornwall, TR11 4LZ£575,000£555,000-£20,00002 Aug 202326 Mar 2024237 Days
138 Boslowick Road, Falmouth, Cornwall, TR11 4QF£350,000£340,000-£10,00027 Sep 202319 Feb 2024145 Days
14 Mongleath Avenue, Falmouth, Cornwall, TR11 4PR£375,000£365,000-£10,00026 Dec 202319 Feb 202455 Days
3 Conway Gardens, Falmouth, Cornwall, TR11 4LN£250,000£249,500-£50005 Oct 202315 Feb 2024133 Days
10 Bar Terrace, Falmouth, Cornwall, TR11 4BP£245,000£215,000-£30,00024 Oct 202306 Feb 2024105 Days
36a, Woodlane, Falmouth, Cornwall, TR11 4RE£295,000£295,000£0028 Jun 202319 Jan 2024205 Days
61 Mongleath Road, Falmouth, Cornwall, TR11 4PN£450,000£435,000-£15,00011 Oct 202317 Jan 202498 Days
7 Arwenack Avenue, Falmouth, Cornwall, TR11 3JW£330,000£300,000-£30,00013 Jun 202305 Jan 2024206 Days
11 Noweth Place, Falmouth, Cornwall, TR11 2JW£270,000£265,000-£5,00007 Jul 202303 Jan 2024180 Days
Restmore, Kergilliack Road, Falmouth, Cornwall, TR11 4JJ£495,000£475,000-£20,00031 May 202315 Dec 2023198 Days
1 Pit Meadow, Falmouth, Cornwall, TR11 4SF£345,000£345,000£0017 Aug 202313 Dec 2023118 Days
16 Springfield Road, Falmouth, Cornwall, TR11 4LG£295,000£280,000-£15,00004 May 202307 Dec 2023217 Days
13 Basset Street, Falmouth, Cornwall, TR11 2LW£250,000£235,000-£15,00019 Jul 202304 Dec 2023138 Days
Flat 1, Pennance House, Sea View Road, Falmouth, Cornwall, TR11 4EF£235,000£220,000-£15,00013 Jun 202304 Dec 2023174 Days
Boswynn, Smithick Hill, Falmouth, Cornwall, TR11 3AX£725,000£725,000£0022 Nov 202328 Nov 20236 Days
2 Mount Stephens Lane, Falmouth, Cornwall, TR11 2LJ£415,000£395,000-£20,00022 Aug 202328 Nov 202398 Days
5 Raleigh Place, Falmouth, Cornwall, TR11 3QJ£300,000£285,000-£15,00017 Aug 202324 Nov 202399 Days
20 Tregenver Road, Falmouth, Cornwall, TR11 2QN£475,000£445,000-£30,00027 Apr 202320 Nov 2023207 Days
2 Mount Pleasant, Goldenbank, Falmouth, Cornwall, TR11 5BW£375,000£345,000-£30,00025 Mar 202313 Nov 2023233 Days
16 Fawkener Close, Falmouth, Cornwall, TR11 4AH£320,000£295,000-£25,00026 Dec 202210 Nov 2023319 Days

Most Expensive Streets in Falmouth

PostcodeStreetAreaAverageNo. of Sales
TR11 4ENBoscawen RoadFalmouth£1,451,6663
TR11 2STStratton PlaceFalmouth£1,115,0003
TR11 4EQTredova CrescentFalmouth£1,036,2504
TR11 2PBPenwerris TerraceFalmouth£961,2504
TR11 2SYStratton TerraceFalmouth£928,3336
TR11 4EJMadeira WalkFalmouth£927,5504
TR11 2SZTehidy TerraceFalmouth£911,6663
TR11 4EDPennance RoadFalmouth£841,6663
TR11 5PRThe GreenGoldenbank£769,42313
TR11 4BELansdowne RoadFalmouth£757,9017

Least Expensive Streets in Falmouth

PostcodeStreetAreaAverageNo. of Sales
TR11 4GZThe SpinnakersHillside Road£105,9503
TR11 2TLTrevissome CourtFalmouth£140,2504
TR11 4AUGrove PlaceFalmouth£146,0003
TR11 2LTBeacon RoadFalmouth£151,8754
TR11 2BWBerkeley MewsFalmouth£152,0003
TR11 4QDBoslowick CourtBoslowick Road£153,3005
TR11 3QDBrook CourtBrook Street, Falmouth£158,3163
TR11 5BJPendra LowethMaen Valley£160,21235
TR11 3EYSabre CourtWindsor Terrace£160,5004
TR11 3HNCliff CourtPikes Hill£178,6666

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