Market outlook for PL35
Key indicators for buyers
The PL35 market is moderately favourable for buyers. Prices have softened (-22.9%), 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
2025averages · 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 £297,708 with a 25% deposit (£74k), a 2-year fixed mortgage at 3.97% costs around £1,175 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses PL35 avg. price with Cornwall rental data
Monthly mortgage payments (£1,175) are £170 more than renting (£1,005). However, buying requires an upfront deposit of £74k — it would take around 12 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 |
|---|---|---|---|
VALENCY, PENALLY HILL PL35 0HF | Detached | £630,000 | 10 Nov 2025 |
POTTERS, POTTERS LANE PL35 0AP | Detached | £194,500 | 9 Oct 2025 |
1, MARINE TERRACE PL35 0AH | Terraced | £255,000 | 19 Sept 2025 |
THE BOATHOUSE, THE HARBOUR PL35 0AG | Terraced | £350,000 | 16 Sept 2025 |
13, CLOVER LANE CLOSE PL35 0AL | Terraced | £160,000 | 3 Sept 2025 |
PENLEIGH, PENALLY HILL PL35 0HF | Detached | £400,000 | 22 Aug 2025 |
11, PENTARGON ROAD PL35 0EW | Detached |
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.