Truro House Prices Truro House Prices

The average house price in Truro is £375,368 using HM Land Registry data.

The average property price increased by £75,826 (26.26%) over the last 5 years and increased by £15,193 (4.35%) over the last 12 months.

Over the last year, there were 246 residential property sales – a decrease of 76 transactions (-30.89%) relative to the previous year. The majority of house sales (64) were in the £242,000 - £314,000 range. Then came properties in the £170,000 - £242,000 range, where 49 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 134 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-15,696 (-3%).

In Dec 24, there were 38 new estate agency instructions, 24 agreed home sales and 23 property price reductions.

5-Year Average Property Prices in Truro

26.26%

Property prices in Truro increased by 26.26% 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 Truro Over the Last Year

4.35%

Property prices in Truro increased by 4.35% 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 Truro - Dec 24

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 Truro

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 Truro

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 Truro

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 Truro since 1995

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

Recent Property Sales in Truro

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
11 Penair View, Truro, Cornwall, TR1 1XR£480,000£417,000-£63,00020 Mar 202415 Nov 2024240 Days
1 Lodge Drive, Truro, Cornwall, TR1 1TX£375,000£335,000-£40,00008 Feb 202415 Nov 2024281 Days
22 Daniell Street, Truro, Cornwall, TR1 2DN£260,000£260,000£0015 Aug 202401 Nov 202478 Days
37 Malabar Road, Truro, Cornwall, TR1 3NU£350,000£335,000-£15,00015 May 202401 Nov 2024170 Days
6 Park View, Truro, Cornwall, TR1 2BN£595,000£595,000£0016 Aug 202430 Oct 202475 Days
44 Carey Park, Truro, Cornwall, TR1 2LD£299,950£293,000-£6,95030 May 202430 Oct 2024153 Days
Apartment 29, Devington Hall, Agar Road, Truro, Cornwall, TR1 1GP£225,000£220,000-£5,00024 Jul 202330 Oct 2024464 Days
3 Salisbury Road, Truro, Cornwall, TR1 2JT£425,000£390,000-£35,00025 Apr 202428 Oct 2024186 Days
14 Broad Street, Truro, Cornwall, TR1 1JD£345,000£345,000£0029 Nov 202225 Oct 2024696 Days
The Dingle, Trehaverne Lane, Truro, Cornwall, TR1 3SJ£895,000£880,000-£15,00003 Jul 202425 Oct 2024114 Days
83 Cornish Crescent, Truro, Cornwall, TR1 3PE£200,000£185,000-£15,00025 Jul 202425 Oct 202492 Days
Flat 7, Melin Goth, Centenary Way, Threemilestone, Truro, Cornwall, TR3 6FJ£135,000£68,000-£67,00014 Aug 201823 Oct 20242262 Days
31 Lamellyn Drive, Truro, Cornwall, TR1 3JR£455,000£450,000-£5,00007 Feb 202418 Oct 2024254 Days
38 Kenwyn Street, Truro, Cornwall, TR1 3DA£249,950£241,750-£8,20026 Jun 202418 Oct 2024114 Days
32 Lamellyn Drive, Truro, Cornwall, TR1 3JR£360,000£360,000£0024 Apr 202420 Aug 2024118 Days
12 Enys Quay, Truro, Cornwall, TR1 2HH£130,000£130,000£0022 Jan 202409 Aug 2024200 Days
3 Murdoch Close, Truro, Cornwall, TR1 1RR£310,000£300,000-£10,00020 Feb 202401 Aug 2024163 Days
11 Richmond Hill, Truro, Cornwall, TR1 3HS£175,000£172,000-£3,00004 Mar 202424 Jul 2024142 Days
10 Adelaide Terrace, Truro, Cornwall, TR1 3EJ£385,000£380,000-£5,00027 Dec 202322 Jul 2024208 Days
15 Albany Road, Truro, Cornwall, TR1 3PQ£220,000£220,000£0009 Mar 202417 Jul 2024130 Days

Most Expensive Streets in Truro

PostcodeStreetAreaAverageNo. of Sales
TR1 1NXSt Clements HillTruro£1,275,0003
TR1 2PDUpper Lemon VillasTruro£856,5205
TR1 2BLFalmouth RoadTruro£850,0005
TR1 3RQTrewinnard GroveTruro£831,6503
TR1 3EEComprigney HillTruro£811,8333
TR1 1HRThe AvenueTruro£798,7504
TR1 3GQBoscolleth GardensTruro£793,0008
TR1 3DRKenwyn Church RoadTruro£777,7457
TR1 3FYKenwyn GardensTruro£692,5004
TR1 1QEThe ParadeTruro£672,5905

Least Expensive Streets in Truro

PostcodeStreetAreaAverageNo. of Sales
TR3 6FJMelin GothCentenary Way£66,5004
TR1 1RGTreverbyn RoadTruro£97,3333
TR1 2XXRobartes CourtRedannick Lane£120,0007
TR1 2GALowen CourtQuay Street, Truro£126,05020
TR1 1PRTrelander NorthTruro£133,8333
TR1 2GGCorte MearTresawya Drive£136,4119
TR1 1BQBodmin RoadTruro£136,5004
TR1 2HHEnys QuayTruro£138,1119
TR1 3BUKenwyn StreetTruro£139,6014
TR1 2FEHighshore HouseNew Bridge Street, Truro£145,0836

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