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Redruth House Prices Redruth House Prices

The average house price in Redruth is £269,642 using HM Land Registry data.

The average property price increased by £81,921 (45.54%) over the last 5 years and increased by £16,373 (6.67%) over the last 12 months.

Over the last year, there were 189 residential property sales – a decrease of 67 transactions (-35.45%) relative to the previous year. The majority of house sales (49) were in the £224,000 - £276,000 range. Then came properties in the £172,000 - £224,000 range, where 38 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 31 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,365 (-2%).

In April 2024, there were 36 new estate agency instructions, 14 agreed home sales and 17 property price reductions.

Neighbouring Areas: Pool and Illogan

Postcodes Covered: TR15, TR16

5-Year Average Property Prices in Redruth

45.54%

Property prices in Redruth increased by 45.54% 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 Redruth Over the Last Year

6.67%

Property prices in Redruth increased by 6.67% 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 Redruth - 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 21 to 40 days, the broad evidence suggests that properties are selling reasonably quickly after being initially advertised and the market is reasonably healthy. If you are prepared to wait to up to 6 weeks, and you are sure that your property is priced realistically, you should get an offer within this timeframe.

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 Redruth

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 Redruth

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 Redruth

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 Redruth since 1995

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

Recent Property Sales in Redruth

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
82 Southgate Street, Redruth, Cornwall, TR15 2ND£135,000£134,500-£50008 Aug 202323 Feb 2024199 Days
20 Treganoon Road, Mount Ambrose, Redruth, Cornwall, TR15 1NN£280,000£265,000-£15,00031 Aug 202321 Feb 2024174 Days
19 Beauchamp Meadow, Redruth, Cornwall, TR15 2DG£349,950£349,250-£70023 Oct 202320 Feb 2024120 Days
39 Roseland Gardens, Redruth, Cornwall, TR15 1PY£250,000£250,000£0019 Oct 202316 Feb 2024120 Days
4 King Street, Redruth, Cornwall, TR15 1JQ£95,000£90,000-£5,00017 Jul 202317 Jan 2024184 Days
4 Trevingey Parc, Redruth, Cornwall, TR15 3BZ£275,000£265,000-£10,00011 Sep 202315 Dec 202395 Days
2 Albany Court, Redruth, Cornwall, TR15 2NY£425,000£425,000£0004 Aug 202307 Dec 2023125 Days
52 Southgate Street, Redruth, Cornwall, TR15 2NB£230,000£225,000-£5,00028 Jun 202301 Dec 2023156 Days
90 Mount Ambrose, Redruth, Cornwall, TR15 1QS£325,000£322,500-£2,50017 May 202303 Nov 2023170 Days
36 Bellevue, Redruth, Cornwall, TR15 1LG£180,000£170,000-£10,00013 Jul 202330 Oct 2023109 Days
38 Trelawney Avenue, Treskerby, Redruth, Cornwall, TR15 1RH£335,000£320,000-£15,00014 Nov 202226 Oct 2023346 Days
Burlescombe, Mount Carbis Road, Redruth, Cornwall, TR15 2LD£199,950£199,950£0022 Jun 202323 Oct 2023123 Days
28 Albany Road, Redruth, Cornwall, TR15 2HU£365,000£360,000-£5,00029 Oct 202219 Oct 2023355 Days
1 Talgos Close, Shallow Adit, Redruth, Cornwall, TR16 5UU£315,000£315,000£0008 Aug 202317 Oct 202370 Days
21 Mount Ambrose, Redruth, Cornwall, TR15 1NX£550,000£550,000£0031 Jul 202313 Oct 202374 Days
7 Talveneth, Redruth, Cornwall, TR15 1SU£325,000£320,000-£5,00008 Jun 202312 Oct 2023126 Days
18 Adelaide Road, Redruth, Cornwall, TR15 2HQ£250,000£250,000£0013 Jun 202312 Oct 2023121 Days
60 South Park, Redruth, Cornwall, TR15 3AW£197,500£190,000-£7,50024 Jan 202329 Sep 2023248 Days
8 Tremore Road, Redruth, Cornwall, TR15 1QA£300,000£288,000-£12,00001 Mar 202322 Sep 2023205 Days
30 Beauchamp Meadow, Redruth, Cornwall, TR15 2DG£395,000£387,500-£7,50027 Apr 202319 Sep 2023145 Days

Most Expensive Streets in Redruth

PostcodeStreetAreaAverageNo. of Sales
TR15 2LLClinton RoadRedruth£655,1663
TR16 6FBWheal Uny CourtTrewirgie Hill£525,0004
TR15 3EACrembling WellBarncoose£441,59011
TR15 2TJWest Trewirgie RoadRedruth£397,5003
TR15 3DGTrevingey RoadRedruth£376,5004
TR15 3ELBarncoose LaneIllogan Highway£371,3333
TR15 1LLGreen LaneRedruth£347,6663
TR15 1SEHighway LaneRedruth£342,0004
TR15 2TPCoach LaneRedruth£341,1357
TR15 3DFTrevingey CrescentRedruth£340,8333

Least Expensive Streets in Redruth

PostcodeStreetAreaAverageNo. of Sales
TR15 1NECarn View TerraceRedruth£77,5003
TR15 1DDNewton CourtTreleigh Avenue£87,6005
TR15 1HBCardrew CloseRedruth£89,3336
TR15 1FQBrewery CourtRedruth£96,0505
TR15 2RZWest EndRedruth£101,8203
TR15 1JZGreen LaneRedruth£102,8758
TR15 2SQWest EndRedruth£106,2147
TR15 2QWFalmouth RoadRedruth£109,4163
TR15 1JTGreen LaneRedruth£112,6254
TR15 2FHWhym Kibbal CourtRedruth£112,99214

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