Treveth Completes 143 Homes as Housing Demand Remains High

Cornish developer Treveth has increased the number of homes it delivers by 23% over the past year, completing 143 new homes for local people as housing demand across Cornwall continues to outstrip supply.

The figures come as more than 23,000 households remain on Cornwall Council’s housing waiting list, underlining the scale of the challenge facing the county.

The results are detailed in Treveth’s newly published 2024/2025 Impact Report, which tracks the company’s social, environmental and economic contribution across Cornwall.

143 Homes Completed in a Challenging Year

Covering the period from 1st April 2024 to 31st March 2025, the report concludes that Treveth continued to deliver strongly against its core residential and commercial targets, despite ongoing challenges in the development sector, wider economic pressures and an uncertain pre-election political landscape.

During the year, Treveth achieved its in-year housing target by completing 143 new homes. While this fell short of its overall target of 200 homes, the company describes it as strong progress in a difficult market.

Tim Mulholland, Managing Director at Treveth, said:

“Delivering 143 new homes in a challenging year demonstrates how a locally focused developer can make a meaningful contribution to Cornwall’s housing needs. These homes form a key part of our work, which we detail in our third Impact Report, demonstrating how Treveth is creating a positive social and economic impact across the county.

“While we didn’t reach our overall target of 200 homes this year, completing 143 represents strong progress in a difficult market, and we remain focused on delivering more high-quality homes, particularly in the rental sector, to help address Cornwall’s housing shortage.

“The report also highlights our commercial portfolio, with 38 units achieving a 95% occupancy rate. As major regeneration schemes such as Pydar and Langarth Garden Village advance, we are confident our work will continue to strengthen Cornwall’s local economy in the year ahead.”

Affordable Housing and Rental Focus

According to the report, 92% of the homes delivered are affordable to the average local earner. Across Treveth’s construction pipeline, 33% of homes are set to be affordable tenure.

The company currently manages 285 homes through Treveth and Perran Housing, its social housing provider. Both private rental residents and commercial tenants reported high levels of satisfaction, with 88% overall satisfied with Treveth as a landlord, exceeding industry benchmarks.

Treveth also manages 108,000 square feet of commercial space, supporting 38 Cornish businesses.

Environmental Standards and Biodiversity

The developer reports that 78% of its homes achieve an EPC rating of A, with 100% rated EPC B or above, which it says is above the national benchmark.

All schemes are delivering a biodiversity net gain of 10% or greater.

Treveth, a B Corp developer founded by Cornwall Council, was established to improve the quality of private rented accommodation and increase the availability of homes across the rental, shared ownership and private rental sectors. Homes are built for people who live, work in or have family connections in the immediate vicinity of its sites, with the aim of discouraging second home ownership.

The full report is available to download via Treveth’s website.