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Gerrans market report TR2 5, Truro
The standing TR2 5 (Gerrans) property market report, rebuilt from the full public record every month. Every figure on this page comes from the public record: 3,013 sales registered with HM Land Registry in TR2 5 (Truro) 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.
Covers registered sales to 2026 and ONS rents for May 2026. Refreshed monthly as new sales reach the register.
In short: the 2026 median for TR2 5 (Truro) is £419,400, from 16 registered sales, down 12% on five years earlier; the mean is £496,300, and by floor area homes here have averaged about £5,900 per square metre over the last five years. Behind the figures sit 3,013 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 TR2 5 is a single group of streets within TR2 (Truro), the finest slice the public record supports. Fewer sales stand behind each figure than at district level, so the lines jump about more.
Where TR2 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 TR2 5 sells for
In the TR2 5 property market, the 2026 median sale price is £419,400, from 16 registered sales; the mean, the "average house price" most sites quote, is £496,300, sitting a long way above it, which tells you a few very expensive sales are pulling the average up.
House prices per square metre in TR2 5
Measured by floor area, the last five years of TR2 5 sales average about £5,900 per square metre. Price per square metre is the fair way to compare a one-bed flat with a four-bed house, and it comes from the Energy Performance Certificate on each sold home.
England and Wales as a whole trade at a £285,000 median, leaving TR2 5 47% above the national figure.
The price of a typical TR2 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 | £419,400 | £419,400 | 16 |
| 2025 | £545,000 | £558,033 | 45 |
| 2024 | £560,000 | £595,395 | 55 |
| 2023 | £477,500 | £524,656 | 68 |
| 2022 | £457,500 | £536,471 | 82 |
| 2021 | £475,000 | £601,411 | 119 |
| 2020 | £495,000 | £642,273 | 95 |
| 2019 | £372,500 | £488,258 | 89 |
| 2018 | £380,000 | £506,547 | 91 |
| 2017 | £368,500 | £502,597 | 95 |
| 2016 | £335,000 | £468,668 | 107 |
| 2015 | £347,500 | £491,018 | 90 |
| 2014 | £335,000 | £475,256 | 96 |
| 2013 | £310,000 | £446,059 | 89 |
| 2012 | £347,000 | £510,741 | 85 |
| 2011 | £290,000 | £437,788 | 87 |
| 2010 | £300,000 | £470,477 | 98 |
| 2009 | £327,500 | £526,459 | 76 |
| 2008 | £362,500 | £594,214 | 80 |
| 2007 | £335,000 | £568,253 | 129 |
| 2006 | £311,000 | £539,856 | 124 |
| 2005 | £300,000 | £533,879 | 70 |
| 2004 | £310,000 | £563,021 | 103 |
| 2003 | £215,000 | £396,082 | 115 |
| 2002 | £175,000 | £329,261 | 118 |
| 2001 | £155,000 | £297,980 | 121 |
| 2000 | £140,000 | £274,750 | 117 |
| 1999 | £110,000 | £219,224 | 128 |
| 1998 | £105,000 | £211,950 | 118 |
| 1997 | £106,600 | £218,615 | 126 |
| 1996 | £88,200 | £186,010 | 106 |
| 1995 | £75,000 | £163,038 | 75 |
In cash terms the typical TR2 5 home went from £75,000 in 1995 to £419,400 in 2026, roughly 6 times the price. Even after inflation that is a real rise of about 157%: homes here genuinely became dearer, not merely more expensive on paper. The real-terms peak came in 2020, and today's median remains roughly 35% under it: a 2020 buyer is still waiting to get that price back in today's money.
Year-on-year change in the TR2 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 2004 (+44.2% on the year before); the weakest, 2026 (−23.0%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
What TR2 5 has returned, per year
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −23.0% | −24.8% |
| 5 years (since 2021) | −2.5% | −7.0% |
| 10 years (since 2016) | +2.3% | −1.1% |
| 20 years (since 2006) | +1.5% | −1.3% |
Compound annual growth of the median sold price; the real column deflates by ONS CPIH. Annualised figures smooth the cycle (the chart above shows the cycle), and past growth is a record, not a forecast.
Sales activity in TR2 5
Sales per year, counted
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.
Over the last twelve months of data, 16 sales completed in TR2 5. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 112 sales a year before the financial crisis and 53 a year over the last five. Volume matters as much as price: when few homes change hands, the median gets jumpy and a single street can move the figure. The most recent year is always still filling in, because sales appear in the Land Registry weeks or months after completion.
What kind of market TR2 5 is
This is a thin market: 16 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. Within TR2, this sector trades 36% above the district median: one of the dearer corners of its district.
The rental side of TR2 5
TR2 5 falls under Cornwall, where the ONS puts the average private rent at £1,003 a month (May 2026 figures). 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.
Against the £419,400 median purchase price, a rent of £1,003 a month (£12,036 a year) works out at a 2.9% gross yield, a ceiling figure that ignores letting costs, voids, maintenance and tax. Because rents are local-authority statistics, districts sharing the authority share the figure.
Asked and answered: TR2 5 (Gerrans)
How much did a house sell for in TR2 5 (Gerrans)?
Are property prices falling in TR2 5 (Gerrans)?
Is TR2 5 (Gerrans) a good place to buy a house?
Where do TR2 5 prices go next?
That question has no honest answer, only evidence. The evidence: the median is down 12% over five years in cash but down 30% 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.
What you could buy in TR2 now
This is what you could actually buy today: 30 homes currently on the market from 5 agents publishing to HomesIndex.
These cover the whole TR2 district, not just TR2 5: live asking prices are collected per district.
47% of current listings sit under the prices comparable homes actually fetched. Every listing is measured against recent recorded sales of similar nearby homes.
"Under comparable sales" compares each asking price with what similar homes nearby actually sold for. It is a starting point for a conversation, not a valuation. Always look at the home itself.
See every TR2 home for sale on the map →
Refreshed every Monday and Thursday from agents' own feeds to HomesIndex, so a sample of the market rather than all of it. An asking price remains an ask, not a sale.
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. Blank cells mean too few homes for the figure to mean anything.
The risers and the fallers
The spread across the TR area is the point: the same five years treated these districts very differently.
Winners and losers across the TR area, five years
The districts that gained and lost most in cash terms, each row linking through to its own report.
Other sectors in TR2
Sector boundaries hide real price steps. The rest of TR2, one report each:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| TR2 4 | £295,000 | 46 |
Zoom out to the full TR2 district report for the type split, monthly volumes and how TR2 compares with its neighbours.
Selling in TR2 5? Start from the sold record
The sold record beats any estimate as a starting point. Before a house valuation or flat valuation in TR2 5, open the average prices map and zoom from the TR2 5 shading down to the sold homes on your own street. Every recorded TR2 5 sale is on this page; the same Land Registry record is what agents price from, and it is now in your hands.
For local estate agents: each district report carries one featured-agent spot, free while founding places last. Claim TR2 5.
Dig further
Answers come from the same Land Registry data behind this report, and the AI knows you are asking about TR2 5. Free, with a one click sign in.
Two maps carry on from here: every TR2 5 sale at its exact address, and the average prices map from area shading down to single homes. The report tool answers a specific question in writing, and each sale's mortgage and rent calculator prices a real purchase.
How this page is made: the statistics are computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to address level; inflation adjustment uses the ONS CPIH index; rents are the ONS Price Index of Private Rents at local-authority level. Medians of recorded sales, not valuations. Nothing on this page is financial advice.