Local market reports › TR area › TR1 › TR1 3

Truro market report TR1 3

The standing TR1 3 (Truro) property market report, rebuilt from the full public record every month. The raw material for this page is 5,203 HM Land Registry entries for TR1 3 (Truro), going back to 1995: each an actual purchase at an actual price. Rents come from the ONS. Valuations, estimates and asking prices appear nowhere in it.

Sales recorded to 2026; rents are ONS figures for May 2026. The page rebuilds with each monthly release.

In short: the 2026 median for TR1 3 (Truro) is £287,000, from 57 registered sales, down 1% on five years earlier; the mean is £308,400, and by floor area homes here have averaged about £3,520 per square metre over the last five years. Behind the figures sit 5,203 HM Land Registry entries going back to 1995, refreshed monthly, every one a completed sale rather than a valuation or an asking price.

A postcode sector like TR1 3 is a single group of streets within TR1 (Truro), the finest slice the public record supports. Fewer sales stand behind each figure than at district level, so the lines jump about more.

The going rate for a home in TR1 3

Across 57 registered 2026 sales, the typical (median) TR1 3 home went for £287,000. The mean is £308,400, modestly above it, the usual shape of a market with an expensive tail.

Price per square metre in TR1 3

The last five years of sales put TR1 3 at roughly £3,520 per square metre. That figure, built from each sale's Energy Performance Certificate floor area, is the one that makes a small flat and a big house comparable.

Set against the £285,000 England and Wales median, TR1 3 sits 1% above the national market.

In cash terms the typical TR1 3 home went from £53,500 in 1995 to £287,000 in 2026, roughly 5 times the price. Even after inflation that is a real rise of about 147%: homes here genuinely became dearer, not merely more expensive on paper. The real-terms peak came in 2021, and today's median remains roughly 22% under it: a 2021 buyer is still waiting to get that price back in today's money.

The strongest year on record here is 2003 (+25.7% on the year before); the weakest, 2008 (−14.7%). Single-year swings like these are why the annualised table below matters more than any one year's headline.

Growth per year, over one to twenty years

The table annualises median growth over each period, with the real column deflated by ONS CPIH. Smoothing hides the cycle (see the chart above for it), and none of this forecasts: it is the record.

Sales activity in TR1 3

The register shows 57 TR1 3 sales across the most recent twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 194 sales a year before the financial crisis and 112 a year over the last five. Watch the volume as closely as the price. Thin years make jumpy medians, where one street's sales can move the figure, and the newest year is always incomplete because registrations trail completions by weeks or months.

What homes rent for around TR1 3

TR1 3 falls under Cornwall, where the ONS puts the average private rent at £1,003 a month (May 2026 figures). The spread runs from £691 a month for a typical one-bed to £1,510 at four-plus bedrooms, which is size doing most of the pricing.

£1,003 a month is £12,036 a year, which against the £287,000 median sold price makes a gross yield of 4.2%. Gross means before letting costs, voids, maintenance and tax: treat it as a ceiling. The ONS publishes rents by local authority, so neighbouring districts under the same authority share these numbers.

What kind of market TR1 3 is

This is a thin market: 57 sales in the last twelve months of data. With that few transactions, one street selling well (or one block of cheap transfers) can move the median, so read the year lines as a range rather than a verdict. Expect volatility in the annual figures: swings past ten per cent show up repeatedly above, and they usually reflect the mix of homes sold in a given year rather than genuine repricing.

Asked and answered: TR1 3 (Truro)

Are TR1 3 prices heading up or down?

That question has no honest answer, only evidence. The evidence: the median is roughly flat over five years in cash but down 22% after inflation. Weigh the volume chart alongside the price one before deciding anything, and bear in mind every figure is a completed sale that reached the register weeks after completion.

TR1's current homes for sale

Moving up a bedroom in TR: the cost

The risers and the fallers

The spread across the TR area is the point: the same five years treated these districts very differently.

Other sectors in TR1

A few minutes' walk can separate two very different markets. Here are TR1's other sectors, each with its own report:

Zoom out to the full TR1 district report for the type split, monthly volumes and how TR1 compares with its neighbours.

Selling in TR1 3? Start from the sold record

Keep digging

Behind the answers sits the same Land Registry record as this page, with TR1 3 already set as the subject. Free, one click sign in.

The live map plots every individual TR1 3 sale at its exact address, and the average prices map zooms from neighbourhood shading to single homes. For a specific question, the report tool writes a custom answer, and any sale's mortgage and rent calculator runs the numbers on a real purchase.

Method, briefly: HM Land Registry Price Paid Data (Crown copyright, OGL v3.0) supplies every sale, geocoded to address level; CPIH from the ONS restates prices in today's money; ONS local-authority figures supply the rents. Medians of real sales, not valuations. No part of this page is financial advice.