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Truro House Prices Truro House Prices

The average house price in Truro is £487,853 using HM Land Registry data.

The average property price increased by £104,654 (39.42%) over the last 5 years and increased by £20,917 (5.99%) over the last 12 months.

Over the last year, there were 260 residential property sales – a decrease of 93 transactions (-35.77%) relative to the previous year. The majority of house sales (68) were in the £244,000 - £328,000 range. Then came properties in the £160,000 - £244,000 range, where 64 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 98 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,520 (-2%).

In April 2024, there were 62 new estate agency instructions, 32 agreed home sales and 39 property price reductions.

Postcodes Covered: TR1, TR3

5-Year Average Property Prices in Truro

39.42%

Property prices in Truro increased by 39.42% 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

5.99%

Property prices in Truro increased by 5.99% 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 - 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 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
29 Tinney Drive, Truro, Cornwall, TR1 1AT£435,000£433,500-£1,50022 Jun 202315 Mar 2024267 Days
3 Albert Place, Truro, Cornwall, TR1 2DL£219,950£219,950£0022 Sep 202327 Feb 2024158 Days
7 The Cedars, Truro, Cornwall, TR1 2FD£275,000£260,000-£15,00009 Jun 202326 Feb 2024262 Days
22 Enys Quay, Truro, Cornwall, TR1 2HH£120,000£120,000£0006 May 202314 Feb 2024284 Days
20 Chellew Road, Truro, Cornwall, TR1 1LH£250,000£238,500-£11,50031 Oct 202331 Jan 202492 Days
7 Carclew Street, Truro, Cornwall, TR1 2DY£280,000£150,013-£129,98703 Mar 202329 Jan 2024332 Days
11 Brunel Court, Truro, Cornwall, TR1 3AE£299,950£285,000-£14,95003 Nov 202326 Jan 202484 Days
11 Tinney Drive, Truro, Cornwall, TR1 1AG£400,000£390,000-£10,00025 Sep 202315 Jan 2024112 Days
20 Chyvelah Ope, Gloweth, Truro, Cornwall, TR1 3YA£249,000£235,000-£14,00029 Jul 202310 Jan 2024165 Days
Flat 37, Lowen Court, Quay Street, Truro, Cornwall, TR1 2GA£135,000£120,000-£15,00003 Jun 202309 Jan 2024220 Days
2 Hendra Close, Truro, Cornwall, TR1 3SL£280,000£275,000-£5,00024 Aug 202305 Jan 2024134 Days
62 Tinney Drive, Truro, Cornwall, TR1 1AQ£400,000£395,000-£5,00024 Jul 202318 Dec 2023147 Days
4 Kingsley Close, Gloweth, Truro, Cornwall, TR1 3XJ£575,000£535,000-£40,00016 Jun 202308 Dec 2023175 Days
37 Falmouth Road, Truro, Cornwall, TR1 2BL£995,000£950,000-£45,00026 Sep 202308 Dec 202373 Days
10 Barrack Lane, Truro, Cornwall, TR1 2DW£375,000£365,000-£10,00022 Aug 202308 Dec 2023108 Days
Little Penarth, St Clements Hill, Truro, Cornwall, TR1 1NX£1,400,000£1,325,000-£75,00007 Mar 202306 Dec 2023274 Days
45 Penhaligon Court, Truro, Cornwall, TR1 1YB£185,000£185,000£0002 Aug 202301 Dec 2023121 Days
27 Chellew Road, Truro, Cornwall, TR1 1LR£250,000£240,000-£10,00005 Sep 202324 Nov 202380 Days
36 Chyvelah Ope, Gloweth, Truro, Cornwall, TR1 3YA£265,000£235,000-£30,00007 Jul 202324 Nov 2023140 Days
17 Epworth Close, Truro, Cornwall, TR1 1UP£580,000£540,000-£40,00026 Jul 202321 Nov 2023118 Days

Most Expensive Streets in Truro

PostcodeStreetAreaAverageNo. of Sales
TR1 1NXSt Clements HillTruro£1,275,0003
TR1 2PDUpper Lemon VillasTruro£864,4014
TR1 3RQTrewinnard GroveTruro£831,6503
TR1 3EEComprigney HillTruro£811,8333
TR1 1HSBelmont VillasTruro£803,3333
TR1 2BLFalmouth RoadTruro£799,1666
TR1 1HRThe AvenueTruro£798,7504
TR1 3GQBoscolleth GardensTruro£793,0008
TR1 3DRKenwyn Church RoadTruro£779,3579
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£113,2147
TR1 3BUKenwyn StreetTruro£121,8013
TR1 2GGCorte MearTresawya Drive£125,9647
TR1 2GALowen CourtQuay Street, Truro£126,56523
TR1 3DAKenwyn StreetTruro£133,6663
TR1 1PRTrelander NorthTruro£133,8333
TR1 1BQBodmin RoadTruro£136,5004
TR1 2FEHighshore HouseNew Bridge Street, Truro£142,0005

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