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Gig Lane is a residential street with 6 addresses.
It ranks as the 58th largest and 141st most expensive of the 283 streets in the TR3 area.
The street contains a total of 6 properties: 6 houses.
Gig Lane is a residential street with 6 addresses.
It ranks as the 58th largest and 141st most expensive of the 283 streets in the TR3 area.
The street contains a total of 6 properties: 6 houses.
Sale prices range from £324,095 for 3 bedroom freehold houses with a garden (936 ft2) to £484,991 for 4 bedroom freehold houses with a garden (1,937 ft2) .
Monthly rental prices range from £1,613 pcm for 3 bed houses to £2,073 pcm for 4 bed houses.
The gross rental yield is between 5.1% and 6.0%.
The average value per square foot is £288.
The last sale on Gig Lane sold for £400,000 on 8th January 2021. Since then prices are up an average of 18.5%.
The current average value in the street is £398,294.
The Gig Lane Sales Market has increased by 46.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -1.3% | £398,294 |
| May 2025 | 1.9% | £403,364 |
| May 2024 | -1.9% | £395,950 |
| May 2023 | -3.7% | £403,766 |
| May 2022 | 21.4% | £419,165 |
| May 2021 | 10.2% | £345,313 |
| May 2020 | -0.3% | £313,385 |
| May 2019 | 5.6% | £314,246 |
| May 2018 | 5.1% | £297,720 |
| May 2017 | 3.9% | £283,226 |
| May 2016 | 2.6% | £272,650 |
| May 2015 | 2.8% | £265,814 |
| May 2014 | 4.9% | £258,567 |
| May 2013 | -5.4% | £246,468 |
| May 2012 | 4.7% | £260,539 |
| May 2011 | -0.3% | £248,738 |
| May 2010 | 6.2% | £249,425 |
| May 2009 | -9.4% | £234,939 |
| May 2008 | 0.7% | £259,184 |
| May 2007 | 0% | £257,450 |
The current average rental value in the street is £1,812.
The Gig Lane Rental Market has increased by 70.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 4.2% | £1,812pcm |
| May 2025 | 8.9% | £1,739pcm |
| May 2024 | 5.1% | £1,597pcm |
| May 2023 | 5.1% | £1,519pcm |
| May 2022 | 10.5% | £1,446pcm |
| May 2021 | 12.2% | £1,308pcm |
| May 2020 | 1.3% | £1,166pcm |
| May 2019 | 4.7% | £1,151pcm |
| May 2018 | 2.5% | £1,100pcm |
| May 2017 | 0.8% | £1,073pcm |
| May 2016 | 1.6% | £1,064pcm |
| May 2015 | 2.3% | £1,047pcm |
| May 2014 | 2.6% | £1,024pcm |
| May 2013 | -0.3% | £998pcm |
| May 2012 | 0.8% | £1,001pcm |
| May 2011 | 3.3% | £993pcm |
| May 2010 | 4.3% | £960pcm |
| May 2009 | -6.6% | £921pcm |
| May 2008 | 3.8% | £986pcm |
| May 2007 | 0% | £950pcm |
The last sale was on 8th January 2021 for £400,000 and since then the market in the area has increased by 18.5%. The street has had a total of 6 sales since 1995.
Gig Lane, Carnon Downs, Truro, TR3 has seen no sales in the last three years and no sales in the last twelve months.
Gig Lane, Carnon Downs, Truro, TR3 is the 58th largest and the 141st most expensive street in the TR3 area.
There is 1 postcode on Gig Lane, Carnon Downs, Truro, TR3.
The closest station to Gig Lane, Carnon Downs, Truro, TR3 is Perranwell station which is 2.2 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around Gig Lane, Carnon Downs, Truro, TR3, 61.5% of property is privately owned outright and 20.7% 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 Gig Lane, Carnon Downs, Truro, TR3, 18.3% of residents are recorded as possessing school level qualifications and 38.4% 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 Gig Lane, Carnon Downs, Truro, TR3, the average age was 47.1 and the most common age was 72.
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 Gig Lane, Carnon Downs, Truro, TR3, 0.3% 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 Gig Lane, Carnon Downs, Truro, TR3, there are an average of 1.5 cars per household.
See below for how this compares to South West and the rest of England & Wales.