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Gerrans market report TR2, Truro
The TR2 (Gerrans) house price history in full, 1995 to 2026, in cash and in today's money. Everything below comes from 6,170 sales recorded by HM Land Registry in TR2 (Truro) since 1995, real completion prices from real purchases, alongside the ONS's current rent figures. No valuations, no estimates, no asking prices.
Covers registered sales to July 2026 and ONS rents for May 2026. Refreshed monthly as new sales reach the register.
In short: the typical home in TR2 (Truro) sold for £307,500 in 2026, the median of 62 registered sales, down 12% on five years earlier. The mean was £351,200, and by floor area homes here have averaged about £4,530 per square metre over the last five years. The figures cover 6,170 sales recorded by HM Land Registry since 1995 and refresh with each monthly release: completed sale prices, not valuations or asking prices.
TR2 is the postcode district covering Gerrans, Probus, St Mawes in Truro. 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 TR2 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 sells for
The 2026 median for TR2 is £307,500, taken from 62 registered sales. The mean, which is what most sites call the "average house price", is £351,200, somewhat above it, as happens wherever a market carries an expensive tail.
Price per square metre in TR2
The last five years of sales put TR2 at roughly £4,530 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.
Against a national (England and Wales) median of £285,000, TR2 runs 8% above it.
TR2's median sold price, 1995 to 2026
The cash median beside its inflation-adjusted twin (ONS CPIH). The adjusted line answers the harder question, whether homes really got dearer. Hover for the figures; the legend toggles each series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £307,500 | £307,500 | 62 |
| 2025 | £360,000 | £368,609 | 120 |
| 2024 | £350,000 | £372,122 | 133 |
| 2023 | £370,000 | £406,540 | 151 |
| 2022 | £350,000 | £410,415 | 178 |
| 2021 | £350,000 | £443,145 | 245 |
| 2020 | £337,000 | £437,264 | 179 |
| 2019 | £260,000 | £340,798 | 214 |
| 2018 | £253,000 | £337,254 | 222 |
| 2017 | £285,000 | £388,711 | 213 |
| 2016 | £257,000 | £359,546 | 212 |
| 2015 | £243,000 | £343,359 | 180 |
| 2014 | £248,000 | £351,831 | 197 |
| 2013 | £237,500 | £341,739 | 189 |
| 2012 | £246,200 | £362,376 | 190 |
| 2011 | £231,000 | £348,721 | 160 |
| 2010 | £265,000 | £415,588 | 169 |
| 2009 | £250,000 | £401,877 | 127 |
| 2008 | £285,000 | £467,175 | 127 |
| 2007 | £250,000 | £424,070 | 250 |
| 2006 | £250,000 | £433,968 | 249 |
| 2005 | £230,000 | £409,307 | 170 |
| 2004 | £219,000 | £397,747 | 207 |
| 2003 | £170,000 | £313,181 | 224 |
| 2002 | £135,000 | £254,001 | 260 |
| 2001 | £109,500 | £210,508 | 236 |
| 2000 | £110,000 | £215,875 | 254 |
| 1999 | £87,500 | £174,383 | 238 |
| 1998 | £80,000 | £161,486 | 234 |
| 1997 | £73,000 | £149,708 | 243 |
| 1996 | £72,500 | £152,899 | 190 |
| 1995 | £55,000 | £119,562 | 147 |
In cash terms the typical TR2 home went from £55,000 in 1995 to £307,500 in 2026, roughly 6 times the price. Adjusted for inflation it still comes to a real rise of roughly 157%, so homes here got dearer in substance, not only in cash. Measured in today's money the market peaked in 2008; the current median sits about 34% below that. Someone who bought at the 2008 peak has not yet seen that price back in real terms.
Year-on-year change in the TR2 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 1996 (+31.8% on the year before); the weakest, 2026 (−14.6%). 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, 46% of the typed total. In 2024, the last year both were recorded here, a detached home traded at £520,000 against £210,000 for a flat, 2.5 times the price.
Median by property type, TR2
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 | £400,000 | 25 | 2,851 |
| Semi-detached | £290,000 | 14 | 1,376 |
| Terraced | £241,800 | 20 | 1,525 |
| Flats | £210,000 (2024) | – | 411 |
The long view: annualised growth
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −14.6% | −16.6% |
| 5 years (since 2021) | −2.6% | −7.0% |
| 10 years (since 2016) | +1.8% | −1.6% |
| 20 years (since 2006) | +1.0% | −1.7% |
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.
Transaction volumes
The year-by-year sales count
Annual recorded sales. The post-2008 trough is the financial crisis; treat the final bar as provisional while registrations catch up.
The last five years, month by month
Registrations by month. The repeating sawtooth is seasonality, and the right-hand edge always dips because the register lags completions.
The register shows 116 TR2 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 231 sales a year before the financial crisis and 129 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 TR2
TR2 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 £307,500 median purchase price, a rent of £1,003 a month (£12,036 a year) works out at a 3.9% 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.
What kind of market TR2 is
This is a thin market: 116 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.
TR2 (Gerrans): the questions that come up
Are property prices falling in TR2 (Gerrans)?
Is TR2 (Gerrans) a good place to buy a house?
How much did a house sell for in TR2 (Gerrans)?
Are TR2 prices heading up or down?
The record answers a different question than "what happens next": the median is down 12% over five years in cash but down 31% after inflation. Put the volume chart beside the price chart before drawing conclusions, and allow for the register's lag behind actual completions.
What is for sale in TR2 right now
Everything above is what homes in TR2 sold for. The live side of the market holds 30 homes at the moment, listed by 5 agents publishing to HomesIndex, at a typical asking price 42% above the TR2 median sold price.
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
Real sold prices by size across the TR area, straight from the Land Registry record. How much a size step costs is a local fact: the third-bedroom premium runs from about a quarter to nearly four fifths depending on the area, and national rules of thumb miss it.
| 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%) | — | — |
Four years of recorded sales, split by built form and bedroom count. The register does not state bedrooms, so sizes come from each home's EPC record and a few homes will land one size out. Blank cells mean too few homes for the figure to mean anything.
The risers and the fallers
TR2 ranks 19 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.
Winners and losers across the TR area, five years
The biggest risers and fallers in cash terms; every row links to that district's report.
Inside TR2, sector by sector
The next slice down is the postcode sector: a group of streets, each with its own report. Two sectors a short walk apart can trade at sharply different prices.
| Sector | Median (latest) | Sales that year |
|---|---|---|
| TR2 4 | £295,000 | 46 |
| TR2 5 | £419,400 | 16 |
How TR2 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 (this report) | £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 | £270,000 | +12% |
| TR18 | £250,000 | +4% |
| TR15 | £240,000 | +14% |
| TR14 | £230,000 | +18% |
| TR9 | £227,500 | -9% |
Before you sell in TR2: what the record supports
The sold record beats any estimate as a starting point. Before a house valuation or flat valuation in TR2, open the average prices map and zoom from the TR2 shading down to the sold homes on your own street. Every recorded TR2 sale is on this page; the same Land Registry record is what agents price from, and it is now in your hands.
Local estate agents: one agent per district gets the featured spot on this report, free for founding agents. Claim TR2.
Keep digging
Behind the answers sits the same Land Registry record as this page, with TR2 already set as the subject. Free, one click sign in.
The live map plots every individual TR2 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.
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.