Market outlook for TR17
Key indicators for buyers
The TR17 market presents a mixed picture for buyers. Prices are rising at 12.7%, 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 £375,000 with a 25% deposit (£94k), a 2-year fixed mortgage at 3.97% costs around £1,480 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses TR17 avg. price with Cornwall rental data
Monthly mortgage payments (£1,480) are £475 more than renting (£1,005). However, buying requires an upfront deposit of £94k — it would take around 19 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 |
|---|---|---|---|
CLIPPER CAFE, WEST END TR17 0EL | Terraced | £375,000 | 6 Jan 2026 |
FLAT 1, FELISKIRK COURT, FELISKIRK LANE TR17 0HA | Flat/Maisonette | £270,000 | 28 Nov 2025 |
PEPPER COTTAGE, WEST END TR17 0EL | Terraced | £265,000 | 27 Oct 2025 |
3A, SCHOOL LANE TR17 0DG | Terraced | £137,000 | 24 Oct 2025 |
PENHALE, NORTH STREET TR17 0ED | Terraced | £330,000 | 26 Sept 2025 |
1, GODOLPHIN AVENUE TR17 0ES | Detached | £445,500 | 14 Aug 2025 |
4, SEA VIEW TERRACE TR17 0AQ | Terraced |
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.