Truro Property Market Overview
Cornwall's only city and administrative centre with growing commercial sector and year-round residential demand
The Truro property market recorded 595 residential sales over the past 12 months, with a median sale price of £320,000. This places Truro £25k above the Cornwall county median of £295,000, and £35k above the UK national median of £285,000.
Prices in Truro have shown broadly stable, with a year-on-year change of -1.7%. Within Cornwall, Truro ranks 3rd by price out of 8 principal towns, and 1st by transaction volume.
Truro House Prices by Property Type
Property prices in Truro vary significantly by type. The table below compares Truro prices with Cornwall county averages and UK national figures.
| Type | Truro | Cornwall Avg | UK Avg |
|---|---|---|---|
| Detached | £469,283 | £433,000 | £420,000 |
| Semi-detached | £300,000 | £295,000 | £265,000 |
| Terraced | £258,375 | £249,688 | £230,000 |
| Flat | £180,000 | £161,500 | £225,000 |
Detached homes in Truro command £469,283, while flat properties are most accessible at £180,000. The £289k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.
Median Price by Property Type
New Build Homes in Truro
Truro recorded 5 new-build transactions in the past 12 months, representing 0.8% of total sales. New-build supply is limited, potentially indicating either planning constraints or an untapped opportunity for developers.
New-build properties in Truro traded at a premium of 154.7% versus existing stock. This premium supports the viability of new development, as buyers are willing to pay more for new homes.
Across the wider Cornwall market, 51 new-build completions were recorded — see our Cornwall property market report for the full county picture.
Recent Property Sales in Truro
The following table shows the most recent property transactions recorded in Truro, providing real-time evidence of achieved prices for buyers, sellers, and developers:
| Price | Type | Postcode | Date | Status |
|---|---|---|---|---|
| £665,330 | Detached | TR2 4RX | 2026-02-24 | Existing |
| £333,000 | Terraced | TR3 6QA | 2026-02-20 | Existing |
| £95,000 | Flat | TR1 3RZ | 2026-02-20 | Existing |
| £570,000 | Semi-detached | TR1 1SS | 2026-02-18 | Existing |
| £455,000 | Detached | TR1 1AG | 2026-02-18 | Existing |
These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £95,000 to £665,330 illustrates the breadth of the Truro market.
Development Finance in Truro
For developers considering Truro, the local market data translates directly into finance structuring. With a median value of £320,000 and detached homes at £469,283, lenders can assess scheme viability with confidence.
A typical development finance facility for a Truro scheme with a GDV of £469,283 would attract senior debt of approximately £305,034 at 65% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs, while bridging loans enable rapid site acquisitions completing in as little as 5 working days.
While prices have softened 1.7% year-on-year, experienced developers can still generate strong returns in Truro by targeting well-located sites with clear demand drivers.
Ready to develop in Truro? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.
Truro Compared to Nearby Cornwall Towns
To put Truro's market in context, the table below compares it with similarly-priced towns across Cornwall:
| Town | Median Price | Sales (12m) | YoY Change |
|---|---|---|---|
| Truro | £320,000 | 595 | -1.7% |
| Newquay | £310,000 | 502 | -6.1% |
| Falmouth | £333,125 | 360 | -7.5% |
| Bude | £341,500 | 184 | -7.7% |
| Penzance | £280,000 | 361 | 0% |
| St Austell | £255,000 | 540 | 0% |
For the full Cornwall town-by-town breakdown, see our comprehensive Cornwall property market report.
Finance Solutions
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Development Finance
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From 6.5% p.a. · Up to 65-70% LTGDVBridging Loans
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5 min readFrequently Asked Questions
What is the average house price in Truro?
The median house price in Truro is £320,000, based on 595 transactions over the past 12 months. Detached homes average £469,283 while flat properties average £180,000.
Are house prices rising or falling in Truro?
House prices in Truro are falling at -1.7% year-on-year. This decline may present buying opportunities for investors and developers. The wider Cornwall market is falling at -5.1%.
How many properties sold in Truro recently?
Truro recorded 595 residential property sales in the past 12 months. This high volume indicates a liquid, active market.
What development finance is available for projects in Truro?
Developers in Truro can access development finance from 6.5% p.a. at 65-70% LTGDV, mezzanine finance stretching to 85-90% of costs, bridging loans completing in 5-10 days, and development exit finance. Construction Capital sources the best terms from 100+ lenders.