Market outlook for PL15
Key indicators for buyers
The PL15 market is moderately favourable for buyers. Prices have softened (-23.6%), which could present a buying opportunity. 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.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
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.
Rental trends
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.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Cornwall price of £245,500 with a 25% deposit (£61k), a 2-year fixed mortgage at 3.97% costs around £969 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses PL15 avg. price with Cornwall rental data
Monthly mortgage payments (£969) are £36 less than renting (£1,005). However, buying requires an upfront deposit of £61k — it would take around 8 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
4, ST KERI COURT, EGLOSKERRY PL15 8RS | Terraced | £190,000 | 15 Jan 2026 |
BLACKADON, BOLVENTOR PL15 7TN | Detached | £470,000 | 14 Jan 2026 |
17, WESTGATE MEWS PL15 7AZ | Flat/Maisonette | £76,500 | 9 Jan 2026 |
THE VICARAGE, EGLOSKERRY PL15 8RX | Other | £725,000 | 22 Dec 2025 |
88, CHESTNUT DRIVE PL15 9GP | Detached | £338,000 | 19 Dec 2025 |
TRELISSICK COTTAGE, EGLOSKERRY PL15 8RT | Semi-detached | £240,250 | 19 Dec 2025 |
6, NORTHGATE STREET PL15 8BD | Other |
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.