TR7 3LR is a residential postcode located on Well Way, Newquay, TR7. It is the 676th largest postcode in the TR7 area.
It contains 34 residential addresses consisting of 26 houses and 8 flats and the most common type of property is a mid-century house built between 1936 and 1979.
The average house value is £534,308. Sales values have increased in the last 12 months by 1.0% and Rental values have increased by 1.3%.
Property sale values range from £195,209 for a leasehold flat, with 1 bedrooms split across 398 square feet of gross internal area and has a balcony to £781,951 for a freehold house, with 5 bedrooms split across 2,250 square feet of gross internal area and has a garden.
Average £/ft2 for properties in TR7 3LR is £457/ft2.
Properties achieve a rental yield of between 3.5% and 5.8%, and rental values range from £929 to £2,318 per month.
The last sale was 18 Jul 2023 for £202,000 and since then the market in the area as increased by 1.5%. The postcode has had a total of 4 sales since 1995.
TR7 3LR has seen 4 sales in the last three years and no sales in the last twelve months.
TR7 3LR is the 676th largest and the 685th most expensive postcode out of the 787 postcodes in the TR7 area.
TR7 3LR is a residential postcode located on Well Way, Newquay, TR7 with 26 houses and 8 flats within its bounds.
The most common property type in TR7 3LR is a mid-century house built between 1936 and 1979.
The homes are generally mid-century in style with the most common Energy Performance Certificate (EPC) rating being D.
The closest station to TR7 3LR is Newquay station which is 1.5 km away.
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 TR7 3LR, 62.0% of property is privately owned outright and 23.0% is privately owned with a mortgage.
The graph below shows how this compares to Greater London 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 TR7 3LR, 12.8% of residents are recorded as possessing school level qualifications and 30.4% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around TR7 3LR, the average age was 41 and the most common age was 32.
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 TR7 3LR, 1.6% 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 TR7 3LR, 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.