We keep a close eye on what’s happening so you don’t have to, whether you’re buying, selling, renting or investing in Cornwall.
UK Housing Market: August 2025 Overview
Nationwide recorded a 0.1 percent decline in average UK house prices in August, bringing the figure to approximately £271,079. Year-on-year growth eased to around 2.1 percent, down from 2.4 percent in July.
Affordability pressures persist. First-time buyers are now spending roughly 35 percent of take-home pay on mortgage repayments, well above the long-run average of 30 percent, limiting demand despite lower interest rates.
UK Rental Market: July 2025 Snapshot (latest available)
ONS data for the year to July 2025 shows average UK private rent at £1,343 per month, up 5.9 percent from a year earlier, a slowdown from June’s 6.7 percent growth.
Across regions:
- England: £1,398, up 6.0 percent
- Wales: £807, up 7.9 percent
- Scotland: £999, up 3.6 percent
Cornwall’s average private rent stood at £972 in July, a rise of 8.0 percent on the year.
Cornwall Property Market: August 2025
House Prices
Cornwall’s average house price was £273,000 in June 2025, a 3.3 percent fall compared to June 2024.
Rightmove data shows a higher rolling average of £340,719, while August asking prices dipped by around 1.2 percent to £373,709. Annual growth is now flat at 0.1 percent.
Property Type Breakdown (June 2025):
- Detached: £417,000
- Semi-detached: £274,000
- Terraced: £225,000
- Flats/maisonettes: £147,000
Time on Market & Trends
Cornwall asking prices have softened slightly, but agreed sales are up around 5 percent year-on-year and buyer enquiries up 6 percent. Despite affordability pressures, demand remains steady, and well-priced homes are still moving.
Cornwall Rental Market: August 2025
Cornwall’s average rent stood at £972 in July, rising 8.0 percent year-on-year.
Average Rent by Size
- 1-bed: £667
- 2-bed: £854
- 3-bed: £1,044
- 4+ beds: £1,467
Average Rent by Type
- Flat/maisonette: £789
- Terraced: £1,003
- Semi-detached: £1,037
- Detached: £1,247
Rental inflation remains high, particularly in Cornwall, with growth above both the South West and national averages.
Spotlight on Falmouth
Property Prices
The average sold price in Falmouth over the past year is around £379,000, a modest increase compared with last year. Detached homes average about £527,000, while semi-detached are around £362,000. Terraced properties sit closer to £332,000 and flats average £248,000.
Rental Market
One-bed flats in central Falmouth typically rent between £750 and £850 per month. Two-bed flats and smaller houses average around £1,000 to £1,100, while three- and four-bed family homes often achieve between £1,400 and £1,700 depending on condition and proximity to the university or waterfront.
Supply and Demand
Demand in Falmouth is consistently high thanks to its student population, thriving tourism sector and popularity with relocating families. Well-located two- and three-bed homes are especially sought after, with rental properties near the university often letting quickly. Sales activity remains steady, though affordability continues to shape buyer behaviour.
In Summary
House prices, August saw a slight dip nationally, with Cornwall’s values holding broadly flat. Asking prices have eased, but demand remains healthy.
Cornwall rents are still rising faster than most regions, averaging nearly £1,000 pcm, with Falmouth showing strong demand across both student and family sectors.
Buyers and tenants retain some leverage thanks to improved supply. Sellers should remain realistic on pricing, and landlords will need to balance rising rents with tenant affordability.
📞 Want to go deeper? Contact LL & Co for tailored advice, whether you’re selling, renting, buying or investing.
