Local market reports › TR area › TR16
Lanner market report TR16, Redruth
The standing TR16 (Lanner) property market report, rebuilt from the full public record every month. This page is built from the public record and nothing else: 7,744 completed sales registered with HM Land Registry in TR16 (Redruth) since 1995, plus current ONS rental figures. There are no valuations, estimates or asking prices in it.
Sales recorded to July 2026; rents are ONS figures for May 2026. The page rebuilds with each monthly release.
In short: the typical home in TR16 (Redruth) sold for £270,000 in 2026, the median of 87 registered sales, up 12% on five years earlier. The mean was £301,500, and by floor area homes here have averaged about £3,520 per square metre over the last five years. The figures cover 7,744 sales recorded by HM Land Registry since 1995 and refresh with each monthly release: completed sale prices, not valuations or asking prices.
TR16 is the postcode district covering Lanner, Carharrack, Gwennap in Redruth. Districts are a practical way to slice a market: small enough to mean something locally, big enough to have a steady flow of sales to measure.
Where TR16 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.
Today's TR16 prices, from the sold record
The 2026 median for TR16 is £270,000, taken from 87 registered sales. The mean, which is what most sites call the "average house price", is £301,500, a little above it, the familiar pattern where pricier homes stretch the average.
What a square metre costs in TR16
Per square metre, TR16 homes have averaged around £3,520 over the last five years of sales. The floor areas behind the figure come from Energy Performance Certificates, and the by-the-metre view is the fair comparison across home sizes.
For scale: the England and Wales median is £285,000, so TR16 trades 5% below the country as a whole.
The price of a typical TR16 home, 1995 to 2026
Two lines: the median in the money of its day, and the same years restated by ONS CPIH into today's money, which is the truer test of getting dearer. Hover for exact 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 | 87 |
| 2025 | £281,500 | £288,232 | 190 |
| 2024 | £293,000 | £311,519 | 232 |
| 2023 | £275,000 | £302,158 | 192 |
| 2022 | £306,000 | £358,820 | 257 |
| 2021 | £242,000 | £306,403 | 285 |
| 2020 | £229,500 | £297,781 | 252 |
| 2019 | £225,000 | £294,921 | 260 |
| 2018 | £205,000 | £273,269 | 247 |
| 2017 | £210,000 | £286,419 | 263 |
| 2016 | £197,500 | £276,304 | 268 |
| 2015 | £175,000 | £247,275 | 208 |
| 2014 | £182,000 | £258,199 | 243 |
| 2013 | £175,000 | £251,808 | 218 |
| 2012 | £167,500 | £246,539 | 209 |
| 2011 | £173,800 | £262,371 | 180 |
| 2010 | £173,200 | £271,622 | 170 |
| 2009 | £167,500 | £269,258 | 143 |
| 2008 | £167,500 | £274,568 | 146 |
| 2007 | £186,000 | £315,508 | 293 |
| 2006 | £175,000 | £303,778 | 313 |
| 2005 | £165,000 | £293,634 | 213 |
| 2004 | £160,000 | £290,591 | 264 |
| 2003 | £135,000 | £248,703 | 277 |
| 2002 | £100,000 | £188,149 | 302 |
| 2001 | £80,000 | £153,796 | 298 |
| 2000 | £69,000 | £135,413 | 312 |
| 1999 | £59,700 | £118,979 | 320 |
| 1998 | £50,000 | £100,929 | 288 |
| 1997 | £49,000 | £100,489 | 355 |
| 1996 | £43,000 | £90,685 | 268 |
| 1995 | £40,000 | £86,954 | 191 |
In cash terms the typical TR16 home went from £40,000 in 1995 to £270,000 in 2026, roughly 7 times the price. Adjusted for inflation it still comes to a real rise of roughly 211%, so homes here got dearer in substance, not only in cash. The real-terms peak came in 2022, and today's median remains roughly 25% under it: a 2022 buyer is still waiting to get that price back in today's money.
Year-on-year change in the TR16 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 2003 (+35.0% on the year before); the weakest, 2023 (−10.1%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Detached, semi, terraced, flat: four markets in one
A single median hides the split beneath it. Sales of detached houses dominate the record here, 42% of the typed total. In 2024, the last year both were recorded here, a detached home traded at £377,500 against £150,000 for a flat, 2.5 times the price.
Median by property type, TR16
One line per type, years with too few sales omitted. Hover for the year's figures; click a legend entry to isolate a type.
| Type | Median (2026) | Sales that year | All-time sales |
|---|---|---|---|
| Detached | £365,000 | 35 | 3,254 |
| Semi-detached | £260,000 | 20 | 1,837 |
| Terraced | £242,500 | 29 | 2,476 |
| Flats | £150,000 (2024) | – | 148 |
What TR16 has returned, per year
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −4.1% | −6.3% |
| 5 years (since 2021) | +2.2% | −2.5% |
| 10 years (since 2016) | +3.2% | −0.2% |
| 20 years (since 2006) | +2.2% | −0.6% |
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.
How many homes change hands in TR16
How many homes change hands
Each bar is a year's recorded sales. 2008's dip is the financial crisis, and the newest bar always grows for a while as late registrations arrive.
The monthly pulse, last five years
Registrations by month. The repeating sawtooth is seasonality, and the right-hand edge always dips because the register lags completions.
The register shows 168 TR16 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 284 sales a year before the financial crisis and 192 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.
The rental side of TR16
For renting purposes TR16 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.
Reading the TR16 market
In its area's price order TR16 comes 19 of 23, towards the cheaper end of the table.
TR16 (Lanner): the questions that come up
Is TR16 (Lanner) a good place to buy a house?
How much did a house sell for in TR16 (Lanner)?
Are property prices falling in TR16 (Lanner)?
What happens to TR16 prices now?
Prediction is not this page's business. Its business is the record, which says: the median is up 12% over five years in cash but down 12% after inflation. Read the volume chart with the price chart before acting on either, remembering that registrations trail the deals themselves by weeks.
On the market in TR16 today
Everything above is what homes in TR16 sold for. The live side of the market holds 67 homes at the moment, listed by 9 agents publishing to HomesIndex, at a typical asking price 20% above the TR16 median sold price.
30% of current listings sit under the prices comparable homes actually fetched. 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.
Moving up a bedroom in TR: the cost
What homes of each size actually sold for across the TR area, from the Land Registry record. Size steps are fiercely local. A third bedroom adds a quarter to the price in some areas and close to four fifths in others, which is why no national rule of thumb survives contact with a real market.
| 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
TR16 ranks 4 of 23 in the TR area on five-year growth. The gap between the top and bottom of this chart is the difference between buying well and buying badly in the same city.
TR area districts: five years of change
The biggest risers and fallers in cash terms; every row links to that district's report.
Inside TR16, sector by sector
Postcode sectors are the next slice down, each a group of streets with its own market report. Prices can differ sharply between two sectors a few minutes' walk apart.
| Sector | Median (latest) | Sales that year |
|---|---|---|
| TR16 4 | £267,500 | 34 |
| TR16 5 | £270,000 | 33 |
| TR16 6 | £264,000 | 20 |
How TR16 compares nearby
Same city, different markets. The neighbouring districts of the TR area, dearest first:
| District | Median | 5-year |
|---|---|---|
| TR5 | £425,000 | -5% |
| TR3 | £415,000 | +4% |
| TR20 | £368,500 | +8% |
| TR17 | £365,000 | +19% |
| TR11 | £350,000 | +9% |
| TR8 | £335,000 | +5% |
| TR6 | £326,500 | -26% |
| TR7 | £320,000 | +7% |
| TR26 | £320,000 | -17% |
| TR12 | £311,500 | -13% |
| TR4 | £310,000 | -2% |
| TR2 | £307,500 | -12% |
| TR19 | £295,000 | -3% |
| TR1 | £285,000 | +4% |
| TR27 | £285,000 | +2% |
| TR21 | £280,000 | -12% |
| TR13 | £276,200 | +2% |
| TR10 | £272,500 | +9% |
| TR16 (this report) | £270,000 | +12% |
| TR18 | £250,000 | +4% |
| TR15 | £240,000 | +14% |
| TR14 | £230,000 | +18% |
| TR9 | £227,500 | -9% |
Thinking of selling in TR16? Get a rough value first
Start from what homes here actually sold for, not an estimate. Before booking a house valuation or flat valuation in TR16, use the average prices map for a rough value: zoom from TR16's shading down to the sold homes on your own street. The figures above are every recorded TR16 sale; agents price with this same Land Registry record, and now you have it too.
Local estate agents: one agent per district gets the featured spot on this report, free for founding agents. Claim TR16.
Dig further
Behind the answers sits the same Land Registry record as this page, with TR16 already set as the subject. Free, one click sign in.
The live map plots every individual TR16 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.