According to the public record, Flat 3, 2, Albany Road, Newquay is a early-century leasehold apartment and with 430 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 2, Albany Road, Newquay, TR7.
Albany Road, Newquay, TR7 is located within the TR7 postal district.
Flat 3, 2, Albany Road, Newquay has 31 entries in the Land Registry database, most recently in April 2021 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 3 2 Albany Road Newquay as £143,509 and the rental value as £844 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of Flat 3 2 Albany Road Newquay has increased by £6,252 (4.4%) and its rental value has increased by £42 per month (4.9%).
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 3, 2, Albany Road, Newquay is in very good condition we estimate a sale value of £150,685 and rental value of £886 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £133,464 and a rental value of £785 per month.
If you were able to purchase this property for the estimated value of £143,509, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £705 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 3, 2, Albany Road, Newquay was last sold on 14 Apr 2021 for £125,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Apr 2021, the market for similar properties has risen 18.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 2, Albany Road, Newquay within a radius of 145m over the last 2 years.
The most recent example is 2 Trelawney Apartments, Eliot Gardens, Newquay, TR7 2QE, a Leasehold flat which sold for £135,000 in Sep 2023.
Read more about house prices in TR7.
Albany Road, Newquay, TR7 has a total of 7 addresses. According to our analysis of all the public data, Flat 3, 2, Albany Road, Newquay is the 2nd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £221k less expensive than the average property in TR7.
Flat 3, 2, Albany Road, Newquay has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Apr 2018.
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 3, 2, Albany Road, Newquay is Newquay station which is 200 m 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 3, 2, Albany Road, Newquay, 42.0% of property is privately rented and 29.8% 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 3, 2, Albany Road, Newquay, 15.3% of residents are recorded as possessing school level qualifications and 25.6% 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 3, 2, Albany Road, Newquay, the average age was 43 and the most common age was 52.
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 3, 2, Albany Road, Newquay, 0.2% 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 3, 2, Albany Road, Newquay, there are an average of 1.1 cars per household.
See below for how this compares to South West and the rest of England & Wales.