Market outlook for PL22
Key indicators for buyers
The PL22 market is moderately favourable for buyers. Prices have softened (-8.3%), 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 £325,000 with a 25% deposit (£81k), a 2-year fixed mortgage at 3.97% costs around £1,283 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses PL22 avg. price with Cornwall rental data
Monthly mortgage payments (£1,283) are £278 more than renting (£1,005). However, buying requires an upfront deposit of £81k — it would take around 14 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 |
|---|---|---|---|
26, SUMMERS STREET PL22 0DH | Terraced | £325,000 | 22 Jan 2026 |
1, KNIGHTS COURT PL22 0BE | Detached | £505,000 | 18 Dec 2025 |
10, CHURCH LANE PL22 0DA | Semi-detached | £226,000 | 16 Dec 2025 |
28, SUMMERS STREET PL22 0DH | Terraced | £205,000 | 12 Dec 2025 |
18, UZELLA PARK PL22 0BB | Terraced | £150,000 | 3 Dec 2025 |
11, GRENVILLE ROAD PL22 0EP | Terraced | £225,000 | 28 Nov 2025 |
22, GRENVILLE ROAD PL22 0EP | Terraced | £238,000 |
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.