A map has revealed the average price of houses in every Cornish postcode and how they have changed over the past year. Data shows the places where prices have dropped the most significantly, including on the pretty Lizard peninsula.
Lisa Letcher www.cornwalllive.com
The data covers houses sold from October 2022 to October 2023 and comes from the Land Registry, where all property sales are recorded. Some postcodes however have seen less than 20 sales and the lower the number of houses sold, the less realistic the average price overall.
It revealed that house prices in TR12 which covers the Lizard peninsula, below Helston, have fallen by more than a quarter with 76 total sales. In October 2022 the average cost of a house was £537,768 but now it’s £116,995 less – a 26.5 per cent decrease.
That’s the largest drop of any postcode district in Cornwall to have had at least 20 sales over the last 12 months. Homes in PL10 – covering Cawsand, Cremyll, Fort Picklecombe, Freathy, Kingsand and Millbrook – saw the next largest drop for an area with over 20 sales.
The average property there cost £336,700 in the year to October. That’s down by 16.1 per cent compared to a year earlier when the average was £400,434.
In TR2 – Truro, Gerrans – prices fell by 13.1 per cent to £455,012, in TR5 – St Agnes – by 13.1 per cent to £506,175, and by 12.1 per cent in PL28 – Padstow, Crugmeer, Porthcothan, St Merryn, Trevone, Treyarnon – to £678,757.
You can see how prices have changed in your local area by using our interactive map as house prices fell by an average of £3,000 across the UK in the year to October. We’ve also listed the top ten places with the largest fall in average house prices.
The average house UK-wide cost £288,000 in 12 months to October 2023, new data from the Land Registry has revealed. That’s 1.2 per cent lower than in the year to October 2022. Average house prices decreased by 1.4 per cent to £306,000 in England and by 3.0 per cent to £214,000 in Wales, but increased by 0.2 per cent in Scotland to £191,000.
Cornwall postcodes with the largest average house price drop
| Postcode | Places | Average price in October 2023 | Total sales this year | Average price in October 2022 | Sales last year | Percentage change year | Change |
| PL29 | Port Isaac, Port Gaverne, Port Quin, St Endellion, Trelights | £539,375 | 16 | £776,868 | 18 | -30.9% | -£237,493 |
| TR12 | Lizard peninsula | £420,773 | 76 | £537,768 | 98 | -26.5% | -£116,995 |
| TR17 | Marazion | £336,667 | 6 | £413,536 | 27 | -24.7% | -£76,869 |
| PL10 | Cawsand, Cremyll, Fort Picklecombe, Freathy, Kingsand, Millbrook | £336,700 | 39 | £400,434 | 57 | -16.1% | -£63,734 |
| PL34 | Tintagel, Bossiney, Trewarmett | £332,546 | 17 | £403,054 | 31 | -14.9% | -£70,508 |
| TR2 | Truro, Gerrans | £455,012 | 103 | £499,452 | 146 | -13.1% | -£44,440 |
| TR5 | St Agnes, Mithian | £506,175 | 32 | £580,414 | 65 | -13.1% | -£74,239 |
| PL28 | Padstow, Crugmeer, Porthcothan, St Merryn, Trevone, Treyarnon | £678,757 | 38 | £732,345 | 67 | -12.1% | -£53,589 |
| TR20 | Penzance | £361,019 | 75 | £396,385 | 126 | -9.9% | -£35,367 |
| TR6 | Perranporth, Bolingey, Perrancoombe | £434,108 | 45 | £446,253 | 64 | -6.6% | -£12,145 |
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