Property prices in Cornwall
Explore Property Prices In Your Area
Find out how property prices are changing in your local area and across the United Kingdom
Recent trends for prices in Cornwall
The latest figures from July 2024 indicate the property market in Cornwall continues to show rising price trends. Compared to June, 2024, average prices increased by 0.6% to £300,995. On an annual basis, average property prices have decreased -0.2% since 12 months ago.
In terms of sales activity, there were 385 residential property transactions completed in Cornwall during July, 2024. Of these purchases, 151 were financed with a mortgage while 120 were all-cash sales. For cash buyers, average prices have changed by 0.6% since June, 2024, coming in at around £303,634. For properties purchased with a mortgage, the average price changed by 0.6% since June, 2024, to £298,434.
Compared to the overall picture in its national parent England, the average property price in Cornwall are lower than the current national average of £305,879. While Cornwall saw a change of 0.6% over the last month, England as a whole recorded a percentage change of 0.2% in average property values. And on an annual basis, prices across England have grown by 1.6%, more than the -0.2% yearly change seen in Cornwall.
Interested in purchasing a property in Cornwall? Use our Monthly Mortgage Cost Calculator to see how much a property may cost you per month. This tool is for illustrative purposes only and does not constitute financial advice.
Average price in Cornwall by housing type
Prices last recorded in July, 2024
average
£300,995
detached
£435,565
flat
£166,359
semi-detached
£294,281
terraced
£242,463
Prices by housing type in Cornwall
Recent data shows that price growth has varied across different property types in Cornwall over the last year. For terraced houses, property prices changed by 0.5% between July 2024 and June 2024 to reach £242,463, and changed by 0.3% over the last 12 months. The annual change was greater than the 1.8% change seen for terraced homes in England overall.
Meanwhile, semi-detached properties saw a rise in average prices locally, taking them to £294,281 in June 2024. This represents a 0.6% change from the same month last year.This is underperforming the 2.2% annual change in semi-detached values across the country.
Detached homes in Cornwall gained 0.8% month-over-month to reach an average of £435,565. Annually, detached property values have changed by -0.6%. This is weaker price growth compared to England's 1.6% change for detached houses over the year.
For apartments and flats, average prices increased by 0.6% between July and June 2024, hitting £166,359. Over the last 12 months, apartment values have changed by -2.2%, lagging England's flat and apartment growth rate of 0.4%.
Overall, semi-detached properties have seen the strongest price momentum locally over the past year, with a change of 1.1%, while flat properties lagged, with a change of -2.2%.
Recent purchases in Cornwall
According to data from HM Land Registry, there were 385 completed property purchases in the area of Cornwall in July 2024. Of these sales, 120 were recorded as cash purchases whilst 151 were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by 0.2% and the percentage of properties purchased with cash has changed by -0.7%.
The number of cash and mortgage purchases may not match the recorded number due to exclusions listed on the gov.uk website
Looking for a specific property type?
Use one of the following links to find more specific information about the type of property you're looking for in cornwall.
Detached property prices in cornwall
Semi-Detached property prices in cornwall
Terraced property prices in cornwall
Latest Blog posts
Latest updates on the housing market, local prices in your area, and where house prices could go next.
Everything You Need to Know About Ground Rent: A Comprehensive Guide
Ground rent is a common aspect of home ownership in England and Wales, yet it remains poorly understood by many homeowners and property buyers. When you purchase a leasehold prop...
Posted on Nov 9th, 2023
What's the difference between freehold and leasehold?
When purchasing property in the UK, buyers will inevitably encounter the terms 'freehold' and 'leasehold'. These refer to the two predominant forms of property ownership in the c...
Posted on Nov 7th, 2023
How Much Deposit Do You Really Need to Purchase a Home in the UK?
For most homebuyers, the deposit is one of the biggest obstacles to purchasing a home. Saving enough for a deposit on a house can take years of disciplined saving and budgeting....
Posted on Nov 6th, 2023
UK property price update for September 2023
The housing market in the United Kingdom has seen significant changes over the past few years. Most notably, house prices have started to decline after hitting record highs in mi...
Posted on Sep 7th, 2023
Who is considered a first time buyer in the UK?
For many people, owning their own home is a major life goal and source of pride. However, getting onto the property ladder can be extremely difficult these days, especially for p...
Posted on Aug 18th, 2023
Canary Wharf Apartment Prices: How High Will They Go in 2023?
Canary Wharf is located in East London, part of the Isle of Dogs in the borough of Tower Hamlets. It sits within London's Zone 2, just east of the City of London financial distri...
Posted on Aug 11th, 2023