TR3 (Truro, South West) has recorded a five-year compound annual growth rate of 1.8% for property prices, alongside rental growth of 5.4% over the same period. The district scores 38.7 out of 100 on trajectory metrics, placing it in the fourth percentile nationally. Population growth has been modest at 0.7% over five years, while the area remains in the latent gentrification stage. The rental yield outpacing capital appreciation suggests investor returns are currently driven more by rental income than property value increases. These metrics indicate a market characterised by steady rental demand relative to slower price appreciation.
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See plans from £20/moKey signals
- 1Property prices up 1.1% over 5 years (5yr CAGR)
- 2Rents growing at 5.4% per year
- 3Population growing at 0.7% per year
Nearby districts
What's changing in Truro · June 2026
36 planning applications submitted in TR3 over the last six months, including 1 new build residential scheme proposing 3 homes, 1 change of use.
- Construction of 3 dwellings and associated worksJun 2026 · Awaiting decision
- Change of Use of Existing Light Industrial Unit E(giii) Use Class to Food Takeaway (sui generis) and extension to provide toilet facilitiesFeb 2026 · Decided
- Non material amendment in relation to decision notice PA25/09115 dated 02/02/2025 to allow slate hanging changed for vertical weather boarding. Open fronted porch added to north east elevation. Retention of existing roof light on north east elevation, 2 x small windows added to north east elevation on the ground floor. External boiler room changed to bin store on south east elevation. Removal of window from south east elevation. Addition of boiler flue. Alteration to chimney flue design. Retention of solar PV on south west elevationJul 2026 · Awaiting decision
Truro (TR3) common questions
Is Truro up and coming?
Truro (TR3) has a trajectory score of 39/100 (Average), placing it in the top 96% of postcode districts in England and Wales. The score is down 0.3 points over the last 12 months. The score combines price momentum, demand, transformation, economy, safety and risk signals from public data, updated monthly.
Is Truro safe?
Truro has a safety score of 36/100 on Praesago's index, based on police.uk recorded crime data.
What is the average house price in Truro?
The average property price in Truro (TR3) is £269k as of January 2026, based on UK House Price Index data. Prices have grown at 1.1% per year over the last five years.
What is the average rent in Truro?
The median monthly rent in Truro (TR3) is £996 (2026), based on ONS private rental data.
Which areas are near Truro?
Neighbouring postcode districts include Truro (TR1), Penryn (TR10), Truro (TR4), Redruth (TR16), St Agnes (TR5). Each has its own monthly data page on Praesago.
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Disclaimer: Praesago provides data analytics and market intelligence. Nothing on this platform constitutes financial advice, investment advice, or a personal recommendation. Property values can fall as well as rise. Past performance does not predict future results. Seek independent financial and legal advice before making property investment decisions.