House prices in Cornwall - Cheapest places to buy a house in Cornwall MAPPED

Camborne is the cheapest area in Cornwall to buy a house
-Credit: (Image: Greg Martin / Cornwall Live)

It never comes as a surprise to anyone in Cornwall when they are told that places like Feock, Padstow, Rock or St Ives are among the most expensive places to buy a house and get onto the property ladder. But what about the places where it is more affordable?

According to CornwallLive analysis of the latest price-paid data from the Land Registry, Camborne takes the crown as the cheapest place in the county to buy a house. The stats show that homes in the TR14 postcode area - which covers Camborne - sold for £237,026 on average in the 12 months to the end of April.

That’s the lowest average sale price of any postcode area of Cornwall. The PL31 postcode area - which covers Bodmin and Dunmere - was next with an average sale price of £242,349.

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That’s followed by TR15 (Redruth) with an average of £243,004, and PL14 (Liskeard, Dobwalls, Doublebois, Minions, St Cleer, St Ive and St Neot) with an average of £241,248, and PE2 (Alwalton, Fletton, The Ortons, Stanground and Woodston) with an average of £261,955.

The Office of National Statistics now puts the average house prices in Cornwall at £301,000 as of January 2024 which is down 2.8 per cent from January 2023. Meanwhile the average price paid by first-time buyers was £247,000 in January which is 2.8 per cent lower than the average of £254,000 a year ago.

The drop in house prices, the increased time it takes to sell a house, sellers increasingly offering price cuts, all indicate that the Covid market madness may be over and the property bubble has burst.

However there are still some really expensive areas, especially along the coast where houses can sell for millions of pounds. While the Camborne area may be the cheapest in the county, at the other end of the scale is the PL23 postcode area.

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Houses there - which covers Fowey, Bodinnick, Golant and Polruan - sold for an average of £629,987 each in the year to the end of April. PL28 - Padstow, Crugmeer, Porthcothan, St Merryn, Trevone and Treyarnon - is next with an average of £608,186.

That’s followed by PL27 (Wadebridge, Little Petherick, Polzeath, Rock, St Eval, St Minver and Trebetherick) with an average of £511,873, PL29 (Port Isaac, Port Gaverne, Port Quin, St Endellion, Trelights) with an average of £509,792, and TR26 (Saint Ives) with an average of £503,261.

You can search for the average house price in your postcode area by using our interactive map:

Nationally, it's Middlesbrough which turns out to be the cheapest place to buy a home in England and Wales. Homes in the TS1 postcode area, which covers the town’s centre, sold for an average of £69,157 each in the 12 months to the end of April.

That’s less than any postcode area in the country with at least 50 sales over the last year. Grimsby is the next cheapest place in the country to buy a home. Houses sold for £77,951 each on average in the DN31 postcode area.

In SR1 - Sunderland city centre - the average home sold for £79,908. There were just 19 sales in the area though. In TS3 - Brambles Farm - the average home sold for £86,190, in BD1 - Bradford city centre - they sold for an average of £87,653, and in HU2 - Hull - they sold for an average of £87,955.

Belgravia in London has the highest average sale price of any postcode area in England and Wales to have had at least 50 sales over the last 12 months. Houses sold for an average of £4.26 million in the SW1X postcode area.

Four other postcode areas had higher averages, but all had fewer than 50 sales - W1J (Mayfair) at £6.12 million, SW1A (Whitehall) at £5.84 million, W1S (Hanover Square) at £5.66 million, and W1K (Mayfair) at £5.378 million.