The average home in Cornwall is now worth less than it was a year ago, according to new analysis from estate agents Purplebricks.
The latest House Price Index will not make welcome reading for homeowners in the Duchy. Cornwall was one of eleven areas across the 28 South West regions to lose value. Property prices in the South West dropped 0.2% from June to July this year, and over the 12 month period, making the average home worth £302,298.
Average house prices in Cornwall are now £275,642 after a 0.7% annual price plunge, equivalent to £2,072.
This is the first time in three months that Cornish properties have lost value in the House Price Index. Despite the price plunge, Cornwall remains an attractive place for holidaymakers, though its appeal as an investment hotspot has waned somewhat since council tax hikes hit second home owners.
This generously sized four-bedroom detached house located on Penwerris Rise, Penzance, is on the market with Purplebricks for £750,000.
On the market with Purplebricks, this stunning beach-view five-bedroom detached home in Tregea Hill, Redruth could be yours for £945,000.
This tranquil coastal five-bedroom detached property that has a quarter‑acre plot situated in Goonhavern, Truro, is available with Purplebricks for £730,000. Only six areas across the West Country saw annual house price rises, while seven suffered losses.
North Devon was the biggest loser in the West Country, where the average property lost 2.7% or £6,991 over the 12 months to July this year, making most homes worth £282,633. Exeter was the second
Average Cornwall Home Now Worth Less Than Last Year