At a Glance
Average Property Price - TR21
£343,214
55
National percentile
12 month avg at 31 Jul 2026
Average Monthly Rent - TR
£1,004
49
National percentile
Estimate at 31 Jul 2026
Average Net Household Income - TR21
£39,739
57
National percentile
2023 census data
Flat / Maisonette Yield - TR
4.4%
2
National percentile
Estimate at 31 Jul 2026
10-Year Annualised Price Growth - TR21
2.8%
40
National percentile
Estimate at 31 Jul 2026
10-Year Annualised Rent Growth - TR
3.8%
45
National percentile
Estimate at 31 Jul 2026
Street Rankings — TR21
Top 5 streets in TR21 ranked by 3-year average sale price.
| # | Street | 3Y Avg |
|---|---|---|
| 1 | Strand | £650,000 |
| 2 | Launceston Close | £369,000 |
| 3 | The Bank | £350,000 |
| 4 | Thorofare | £295,000 |
| 5 | Back Lane | £250,000 |
Highest Monthly Sales — TR21
The highest-value transaction recorded in TR21 for each of the last 5 months.
Property Price & Volume Trends
Properties in TR21 command an average price of £549,000, placing it among the most expensive areas nationally. Over the past decade, prices have grown at 6.7% per year—significantly faster than the typical UK postcode district. However, transaction activity has slowed notably: only 14 sales occurred in the latest full year, compared with a 10-year average of 19 per year, reflecting the limited property turnover typical of island living.
Rent & Yield Trends
Average monthly rents stand at £1,004, close to the national midpoint. Rental growth has kept pace with the UK average at 3.9% per year over a decade. The flat yield on rental income currently stands at 4.4%, notably higher than the 10-year average of 3.5%, indicating an improving return for landlords despite the tight rental market that characterises island communities.
Income & Affordability Trends
Average household income of £39,739 sits slightly above the national median. The purchase affordability picture has deteriorated: the price-to-income ratio now stands at 14.8x, up significantly from 10.0x in 2016, reflecting the pace of price growth outpacing local wage growth. Rental affordability has improved slightly, with rent-to-income ratio declining from 29.3% in 2016 to 27.8% today.
Resident Demographic Profile
TR21 has a notably older population, with 27.7% aged 65 and over—well above the national average of 19.6%—and relatively few young adults: just 6.9% are aged 16–24, compared with 11.0% nationally. The housing tenure profile is distinctive: private renting is unusually high at 34.9% (against 21.7% nationally), while owner-occupation with a mortgage is low at 12.2% (against 27.0% nationally), likely reflecting the premium prices and lifestyle character of island property. Employment is skewed towards trades (16.0%) and caring professions (13.6%), reflecting the island's service-based economy.