TR7 3LX is a residential postcode situated on Watergate Road, Newquay, TR7 with 84 addresses.
It ranks as the 624th largest and 152nd most expensive of the 625 postcodes in the TR7 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 84 properties: 5 houses and 79 flats.
TR7 3LX is a residential postcode situated on Watergate Road, Newquay, TR7 with 84 addresses.
It ranks as the 624th largest and 152nd most expensive of the 625 postcodes in the TR7 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 84 properties: 5 houses and 79 flats.
Sale prices range from £163,450 for 2 bedroom leasehold flats with a balcony (430 ft2) to £423,521 for 3 bedroom leasehold flats with a balcony (1,382 ft2) .
Monthly rental prices range from £837 pcm for 2 bed flats to £1,540 pcm for 3 bed flats.
The gross rental yield is between 3.8% and 6.1%.
The average value per square foot is £385.
The last sale in TR7 3LX sold for £247,500 on 20th March 2025. Since then prices are down an average of 2.2%.
The current average value in the postcode is £248,345.
The TR7 3LX Sales Market has increased by 42.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -4.8% | £248,345 |
| April 2025 | -0.3% | £260,841 |
| April 2024 | -5.3% | £261,579 |
| April 2023 | 0.7% | £276,110 |
| April 2022 | 14.6% | £274,121 |
| April 2021 | 15.4% | £239,099 |
| April 2020 | 4% | £207,266 |
| April 2019 | 5.6% | £199,309 |
| April 2018 | 3% | £188,763 |
| April 2017 | 4.8% | £183,185 |
| April 2016 | 3.5% | £174,845 |
| April 2015 | 4.7% | £168,968 |
| April 2014 | 4.3% | £161,429 |
| April 2013 | 0.1% | £154,790 |
| April 2012 | -2.3% | £154,644 |
| April 2011 | -2% | £158,280 |
| April 2010 | 3.5% | £161,527 |
| April 2009 | -11.2% | £156,110 |
| April 2008 | 0.7% | £175,836 |
| April 2007 | 0% | £174,539 |
The current average rental value in the postcode is £1,003.
The TR7 3LX Rental Market has increased by 52.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.7% | £1,003pcm |
| April 2025 | 4% | £967pcm |
| April 2024 | 5.8% | £929pcm |
| April 2023 | 5.4% | £878pcm |
| April 2022 | 11.9% | £833pcm |
| April 2021 | 6.1% | £744pcm |
| April 2020 | 1.8% | £701pcm |
| April 2019 | 3.4% | £689pcm |
| April 2018 | 0% | £666pcm |
| April 2017 | 1.5% | £666pcm |
| April 2016 | 1.7% | £656pcm |
| April 2015 | 1.7% | £645pcm |
| April 2014 | 0.6% | £634pcm |
| April 2013 | 3.5% | £631pcm |
| April 2012 | 0.7% | £610pcm |
| April 2011 | 3.7% | £606pcm |
| April 2010 | 0.6% | £584pcm |
| April 2009 | -4.9% | £580pcm |
| April 2008 | 3.3% | £611pcm |
| April 2007 | 0% | £591pcm |
The last sale was on 20th March 2025 for £247,500 and since then the market in the area has decreased by 2.2%. The postcode has had a total of 151 sales since 1995.
TR7 3LX has seen 8 sales in the last three years and no sales in the last twelve months.
TR7 3LX is the 624th largest and the 152nd most expensive postcode out of the 625 postcodes in the TR7 area.
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The closest station to TR7 3LX is Newquay station which is 2.2 kilometres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 3LX, 40.4% of property is privately owned outright and 32.6% is privately rented.
The graph below shows how this compares to South West 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 3LX, 8.1% of residents are recorded as possessing school level qualifications and 32.2% as possessing degree level qualifications.
The graph below shows how this compares to South West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around TR7 3LX, 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 3LX, 0.9% 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 3LX, there are an average of 1.6 cars per household.
See below for how this compares to South West and the rest of England & Wales.