Market outlook for TR12
Key indicators for buyers
The TR12 market presents a mixed picture for buyers. Prices are rising at 30.5%, which may favour acting sooner rather than later. 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 £560,000 with a 25% deposit (£140k), a 2-year fixed mortgage at 3.97% costs around £2,210 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses TR12 avg. price with Cornwall rental data
Monthly mortgage payments (£2,210) are £1,205 more than renting (£1,005). However, buying requires an upfront deposit of £140k — it would take around 96 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 |
|---|---|---|---|
PENDOWER, NANSMELLYON ROAD, MULLION TR12 7DQ | Detached | £560,000 | 15 Jan 2026 |
68, TRESKEWES ESTATE, ST KEVERNE TR12 6RA | Terraced | £195,000 | 22 Dec 2025 |
48, TREMBEL ROAD, MULLION TR12 7DY | Detached | £235,000 | 19 Dec 2025 |
THE GLANIS, RUAN MINOR TR12 7LS | Detached | £750,000 | 17 Dec 2025 |
ALPHA COTTAGE, GWEEK TR12 6TU | Terraced | £222,000 | 16 Dec 2025 |
MEADOW VIEW, NEWTOWN, ST MARTIN TR12 6DP | Detached | £450,000 | 10 Dec 2025 |
69, LAFLOUDER FIELDS, MULLION TR12 7HR |
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.