TR16 5RZ is a residential postcode situated on Hillside Road, Carharrack, Redruth, TR16 with 9 addresses.
It ranks as the 351st largest and 79th most expensive of the 656 postcodes in the TR16 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 9 properties: 9 houses.
TR16 5RZ is a residential postcode situated on Hillside Road, Carharrack, Redruth, TR16 with 9 addresses.
It ranks as the 351st largest and 79th most expensive of the 656 postcodes in the TR16 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 9 properties: 9 houses.
Sale prices range from £180,800 for 2 bedroom freehold houses with a garden (430 ft2) to £309,471 for 3 bedroom freehold houses with a garden (1,162 ft2) .
Monthly rental prices range from £886 pcm for 2 bed houses to £1,374 pcm for 3 bed houses.
The gross rental yield is between 5.3% and 5.9%.
The average value per square foot is £353.
The last sale in TR16 5RZ sold for £325,000 on 10th October 2024. Since then prices are down an average of 2.5%.
The current average value in the postcode is £235,416.
The TR16 5RZ Sales Market has increased by 46.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -3.6% | £235,416 |
| April 2025 | 1% | £244,309 |
| April 2024 | -3.3% | £241,980 |
| April 2023 | 4.6% | £250,204 |
| April 2022 | 18.2% | £239,263 |
| April 2021 | 8.7% | £202,453 |
| April 2020 | 3.4% | £186,165 |
| April 2019 | 2.8% | £180,081 |
| April 2018 | 3.6% | £175,142 |
| April 2017 | 5.2% | £169,010 |
| April 2016 | 4.5% | £160,650 |
| April 2015 | 0.8% | £153,792 |
| April 2014 | 3.4% | £152,546 |
| April 2013 | -0.1% | £147,534 |
| April 2012 | 0.3% | £147,651 |
| April 2011 | 0.4% | £147,200 |
| April 2010 | 1.3% | £146,649 |
| April 2009 | -11.9% | £144,750 |
| April 2008 | 2.2% | £164,393 |
| April 2007 | 0% | £160,856 |
The current average rental value in the postcode is £1,132.
The TR16 5RZ Rental Market has increased by 69.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4.3% | £1,132pcm |
| April 2025 | 10.1% | £1,085pcm |
| April 2024 | 4.1% | £985pcm |
| April 2023 | 5.4% | £946pcm |
| April 2022 | 10.8% | £897pcm |
| April 2021 | 11.4% | £810pcm |
| April 2020 | 1.7% | £727pcm |
| April 2019 | 2.9% | £715pcm |
| April 2018 | 2.8% | £695pcm |
| April 2017 | 1.4% | £675pcm |
| April 2016 | 0.3% | £666pcm |
| April 2015 | 2.9% | £664pcm |
| April 2014 | 2.6% | £646pcm |
| April 2013 | 0.8% | £629pcm |
| April 2012 | 1.3% | £624pcm |
| April 2011 | 2.2% | £616pcm |
| April 2010 | 2.7% | £603pcm |
| April 2009 | -8.3% | £587pcm |
| April 2008 | 5% | £640pcm |
| April 2007 | 0% | £609pcm |
The last sale was on 10th October 2024 for £325,000 and since then the market in the area has decreased by 2.5%. The postcode has had a total of 21 sales since 1995.
TR16 5RZ has seen 2 sales in the last three years and no sales in the last twelve months.
TR16 5RZ is the 351st largest and the 79th most expensive postcode out of the 656 postcodes in the TR16 area.
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The closest station to TR16 5RZ is Redruth station which is 3.0 kilometres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around TR16 5RZ, 51.9% of property is privately owned outright and 27.1% is privately owned with a mortgage.
The graph below shows how this compares to South West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around TR16 5RZ, 15.3% of residents are recorded as possessing school level qualifications and 41.8% as possessing degree level qualifications.
The graph below shows how this compares to South West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around TR16 5RZ, the average age was 45.1 and the most common age was 57.
The graph below shows how this compares to South West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around TR16 5RZ, 0.7% of property was a second home.
Comparison figures for South West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around TR16 5RZ, there are an average of 1.7 cars per household.
See below for how this compares to South West and the rest of England & Wales.