About £272,500, and the hill is included at no extra charge. Flats change hands under £170,000. Detached houses run close to £385,000. Half the housing sits in the two cheapest council-tax bands. For a town with a working harbour and a station of its own, that is a good deal less than the postcard would have you assume.
The Land Registry recorded 79 sales in Looe in the year to May 2026, with a median of £272,500. The split by type is the part worth reading. Detached houses came in at a median of £385,000 across 30 sales, semis at £252,500, terraces at £230,000, and flats at £168,225 across 16. The distance between the flat and the detached house is the distance between buying into the old grid and buying somewhere with a drive, and it is wide enough that the town median describes almost nobody.
The published house price index for the area put the average at £279,722 in May 2026, 4% higher over twelve months. Flats moved differently, down 0.4% across the same year, which is a rounding error wearing a minus sign rather than anything a seller needs to worry about. One year of index movement describes what happened. Anyone presenting it as what happens next is selling you something other than a house.
Council tax lands gently here. Band B is the most common band in Looe, and 51% of dwellings sit in bands A or B. A band D bill in this area runs to about £2,591 a year, which is the figure most readers can hold against their own without converting anything.
Renting comes with a caveat that changes how you should read it. The dependable rent figure is a Cornwall-wide one, not Looe's own. Typical private rent across the Cornwall area was about £1,000 a month as of April 2026, up 4.6% over the year, and that is a mean from the Office for National Statistics index rather than a median of what is currently taped in an agent's window. By size, one-beds average £689 a month, two-beds £882, three-beds £1,078, and four-bedroom-plus £1,509. A harbour town where a large share of the stock earns its keep twelve weeks a year is unlikely to be flattered by a county average.
Then there is income. Modelled household income for the area came to about £40,800 gross, before any tax, for the financial year to March 2023, which is the year the modelling describes rather than a figure for today. Set a £272,500 median against a £40,800 gross household income and the arithmetic explains itself: it works considerably better for a buyer arriving with equity from somewhere more expensive than for anyone starting from a local payslip.
By floor area, the sales that could be matched to an energy certificate, roughly 56% of them, produced a median of £3,050 per square metre. The typical matched home was 77 square metres, which is a small terrace or a well-proportioned flat rather than a family house with a lawn. Use the rate to understand what actually sold, not as a calculator for whatever you are viewing on Saturday.
The bedroom mix from the 2021 census is the unit buyers actually search on. Three-bedroom households account for 37%, two-beds 33%, four or more 20%, and one-beds 10%. The two-and-three-bed middle is where the market lives, which also means it is where everyone else is looking.
On cost, Looe makes one of its stronger arguments. You are buying inside a Cornish harbour town at prices the harbour does not usually command, and the annual bill that follows is unlikely to be the thing that changes your mind.