Local market reports › TR area › TR16 › TR16 5
Lanner market report TR16 5, Redruth
The TR16 5 (Lanner) house price history in full, 1995 to 2026, in cash and in today's money. Every figure on this page comes from the public record: 2,658 sales registered with HM Land Registry in TR16 5 (Redruth) since 1995, each one a completed purchase at a real price, plus current rental figures from the ONS. Nothing here is a valuation, an estimate or an asking price.
Sales recorded to 2026; rents are ONS figures for May 2026. The page rebuilds with each monthly release.
In short: 33 registered 2026 sales put the TR16 5 (Redruth) median at £270,000, up 12% on five years earlier, with a mean of £302,900, and by floor area homes here have averaged about £3,580 per square metre over the last five years. Everything rests on 2,658 completed HM Land Registry sales since 1995, refreshed monthly; valuations and asking prices play no part.
TR16 5 is a postcode sector: one group of streets inside TR16 (Redruth). This is as local as the public record gets, but sector medians move on fewer sales than a district's, so expect the lines to be lumpier.
Where TR16 5 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
What a home in TR16 5 sells for
Across 33 registered 2026 sales, the typical (median) TR16 5 home went for £270,000. The mean is £302,900, a little above it, the familiar pattern where pricier homes stretch the average.
Price per square metre in TR16 5
By floor space, homes in TR16 5 have sold for about £3,580 per square metre on average over the last five years: the like-for-like measure that lets you compare a small flat with a large house, from the Energy Performance Certificate floor areas behind each sale.
The national median for England and Wales is £285,000, which puts TR16 5 5% below the country at large.
The price of a typical TR16 5 home, 1995 to 2026
The median as recorded at the time, and each year restated in today's money (ONS CPIH), the sharper test of whether homes really got dearer. Hover for the year-by-year figures; click a legend entry to isolate a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £270,000 | £270,000 | 33 |
| 2025 | £282,500 | £289,255 | 58 |
| 2024 | £303,500 | £322,683 | 84 |
| 2023 | £275,000 | £302,158 | 64 |
| 2022 | £320,000 | £375,237 | 82 |
| 2021 | £241,000 | £305,137 | 96 |
| 2020 | £220,500 | £286,103 | 104 |
| 2019 | £221,200 | £289,940 | 98 |
| 2018 | £215,000 | £286,599 | 99 |
| 2017 | £197,000 | £268,688 | 81 |
| 2016 | £203,000 | £283,999 | 89 |
| 2015 | £175,000 | £247,275 | 71 |
| 2014 | £185,000 | £262,455 | 79 |
| 2013 | £175,000 | £251,808 | 70 |
| 2012 | £172,500 | £253,898 | 72 |
| 2011 | £175,000 | £264,183 | 62 |
| 2010 | £176,500 | £276,797 | 58 |
| 2009 | £161,500 | £259,613 | 56 |
| 2008 | £178,800 | £293,091 | 34 |
| 2007 | £190,000 | £322,293 | 89 |
| 2006 | £168,000 | £291,627 | 107 |
| 2005 | £167,500 | £298,082 | 68 |
| 2004 | £158,700 | £288,230 | 86 |
| 2003 | £139,500 | £256,993 | 104 |
| 2002 | £120,000 | £225,779 | 107 |
| 2001 | £79,000 | £151,873 | 98 |
| 2000 | £69,700 | £136,786 | 106 |
| 1999 | £59,200 | £117,983 | 105 |
| 1998 | £52,200 | £105,369 | 94 |
| 1997 | £49,000 | £100,489 | 131 |
| 1996 | £42,500 | £89,631 | 93 |
| 1995 | £41,600 | £90,432 | 80 |
In cash terms the typical TR16 5 home went from £41,600 in 1995 to £270,000 in 2026, roughly 6 times the price. Adjusted for inflation it still comes to a real rise of roughly 199%, so homes here got dearer in substance, not only in cash. In inflation-adjusted terms the high-water mark was 2022. The market now sits about 28% below it, so a peak-time purchase has yet to recover its real value.
Year-on-year change in the TR16 5 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2002 (+51.9% on the year before); the weakest, 2023 (−14.1%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Annualised returns
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −4.4% | −6.7% |
| 5 years (since 2021) | +2.3% | −2.4% |
| 10 years (since 2016) | +2.9% | −0.5% |
| 20 years (since 2006) | +2.4% | −0.4% |
Each row is compound annual growth of the median; ONS CPIH supplies the real-terms deflator. Annualising irons out the cycle, which the chart above shows in full, and past growth records what happened rather than predicting anything.
Sales activity in TR16 5
The year-by-year sales count
Recorded sales per year. The dip after 2008 is the financial crisis; the last bar is still filling in as recent sales get registered.
The register shows 33 TR16 5 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 96 sales a year before the financial crisis and 64 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 kind of market TR16 5 is
This is a thin market: 33 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.
What tenants pay around TR16 5
For renting purposes TR16 5 sits in Cornwall. The ONS average private rent there is £1,003 a month (May 2026). Size sets most of the rent: one-beds average £691 a month here against £1,510 for four or more bedrooms.
Average monthly rent by size, Cornwall
ONS Price Index of Private Rents, May 2026.
£1,003 a month is £12,036 a year, which against the £270,000 median sold price makes a gross yield of 4.5%. 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.
Common questions on TR16 5 (Lanner)
Are property prices falling in TR16 5 (Lanner)?
Is TR16 5 (Lanner) a good place to buy a house?
How much did a house sell for in TR16 5 (Lanner)?
Are TR16 5 prices heading up or down?
Nobody can tell you that, and this page will not pretend to. What the record shows: the median is up 12% over five years in cash but down 12% after inflation. If you are weighing a purchase, read the volume chart alongside the price one, and remember that every figure here is a completed sale, lagged by the weeks it takes the Land Registry to register it.
On the market in TR16 today
The live side of the market holds 67 homes at the moment, listed by 9 agents publishing to HomesIndex.
These cover the whole TR16 district, not just TR16 5: live asking prices are collected per district.
Of everything listed here, 30% asks less than the sold record of comparable homes. Every listing is measured against recent recorded sales of similar nearby homes.
- Gwel An Mor, Feadon Lane, Portreath, Cornwall
- Greenfield Terrace, Portreath, Redrut...
- The Residence, Gwel An Mor, Portreath, Cornwall
"Under comparable sales" means the asking price sits below what similar homes nearby actually fetched. Treat it as the start of a conversation, never a valuation, and always view the home.
See every TR16 home for sale on the map →
These asking prices come live from estate agents publishing feeds to HomesIndex, refreshed each Monday and Thursday. They are a sample of the market rather than its entirety, and an asking price is not a sale price.
The price of an extra bedroom in TR
Real sold prices by size across the TR area, straight from the Land Registry record. The jump between sizes is local: in some areas a third bedroom adds a quarter to the price, in others nearly four fifths, so a national rule of thumb will mislead you here.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | — | £320,000 | £447,500 (+40%) | £650,000 (+45%) | £910,000 (+40%) |
| Semi-detached | £232,500 | £275,000 (+18%) | £330,000 (+20%) | £425,000 (+29%) | £575,000 (+35%) |
| Terraced | £202,500 | £240,000 (+19%) | £294,500 (+23%) | £400,000 (+36%) | £525,000 (+31%) |
| Flat | £156,275 | £240,000 (+54%) | £363,186 (+51%) | — | — |
Built from the last four years of recorded sales by form and bedroom count. Bedroom counts are estimated from EPC records (the register carries none), so expect a small number of homes one size adrift. Where too few homes exist to say anything meaningful, the cell is blank.
The risers and the fallers
The spread across the TR area is the point: the same five years treated these districts very differently.
TR area districts: five years of change
The biggest risers and fallers in cash terms; every row links to that district's report.
Other sectors in TR16
A few minutes' walk can separate two very different markets. Here are TR16's other sectors, each with its own report:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| TR16 4 | £267,500 | 34 |
| TR16 6 | £264,000 | 20 |
Zoom out to the full TR16 district report for the type split, monthly volumes and how TR16 compares with its neighbours.
Thinking of selling in TR16 5? Get a rough value first
Ground the asking price in real sold prices first. The average prices map gives a rough value in a minute: start at TR16 5's shading and zoom to the sold homes on the street itself. Agents work from this same Land Registry record when they value; this page puts it in front of you before they arrive.
Estate agents working TR16 5: the featured spot on this report is free for founding agents, one per district. Claim TR16 5.
Keep digging
Behind the answers sits the same Land Registry record as this page, with TR16 5 already set as the subject. Free, one click sign in.
The live map plots every individual TR16 5 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.
About the numbers: everything is computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to the address; today's-money figures use the ONS CPIH index, and rents are the ONS Price Index of Private Rents by local authority. These are medians of recorded sales, not valuations, and none of it is financial advice.