According to the public record, Flat 1A, The Orchard, Newquay is a mid-century leasehold apartment and with 398 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in The Orchard, Porth Way, Newquay, TR7.
Porth Way, Newquay, TR7 is located within the TR7 postal district.
Flat 1A, The Orchard, Newquay has 41 entries in the Land Registry database, most recently in March 2022 and no records in the EPC database.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 1A The Orchard Newquay as £163,730 and the rental value as £898 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of Flat 1A The Orchard Newquay has increased by £7,205 (4.4%) and its rental value has increased by £42 per month (4.7%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 1A, The Orchard, Newquay is in very good condition we estimate a sale value of £171,917 and rental value of £942 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £152,269 and a rental value of £835 per month.
If you were able to purchase this property for the estimated value of £163,730, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £805 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, Flat 1A, The Orchard, Newquay was last sold on 14 Mar 2022 for £165,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Mar 2022, the market for similar properties has risen 4.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1A, The Orchard, Newquay within a radius of 0m over the last 2 years.
The most recent example is Flat 3A, The Orchard, Porth Way, Newquay, TR7 3LW, a Leasehold flat which sold for £165,500 in Aug 2022.
Read more about house prices in TR7.
Porth Way, Newquay, TR7 has a total of 67 addresses. According to our analysis of all the public data, Flat 1A, The Orchard, Newquay is the 63rd largest and the 65th most expensive property on the street.
When compared to the postcode district it is £201k less expensive than the average property in TR7.
Flat 1A, The Orchard, Newquay has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 Oct 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 1A, The Orchard, Newquay 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 Flat 1A, The Orchard, Newquay, 55.4% of property is privately owned outright and 21.6% 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 Flat 1A, The Orchard, Newquay, 12.0% of residents are recorded as possessing school level qualifications and 35.7% 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 Flat 1A, The Orchard, Newquay, 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 Flat 1A, The Orchard, Newquay, 1.4% 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 Flat 1A, The Orchard, Newquay, 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.