2 The Old Mill Flats, Padstow
2 The Old Mill Flats, Padstow
Description & Estimates
Public records show 2 The Old Mill Flats, Padstow to be a mid-century leasehold apartment with 1,227 ft2 of internal area.
In this area, apartments of this size normally have 3 bedrooms.
2 The Old Mill Flats, Padstow has an estimated sale value of £568,506 and an estimated rental value of £1,644 per month, assuming reasonable condition and based on the information available.
The apartment sits within The Old Mill Flats, Mill Road, Padstow, PL28.
Mill Road, Padstow, PL28 lies within the PL28 postal district.
Our Data Sources
2 The Old Mill Flats, Padstow has 21 entries in the Land Registry , most recently in May 2011 and a single entry in the EPC database dated December 2010.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
In very good condition, we estimate 2 The Old Mill Flats, Padstow would be worth £596,931, with a potential rental value of £1,726 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £528,711, with a rental value of £1,529 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 2 The Old Mill Flats, Padstow has grown by £5,768 (1.0%) over the last year. During the same period, its estimated monthly rental value has climbed by £93 (5.7%). The property's estimated gross yield is currently 3.5%.
Energy Efficiency
2 The Old Mill Flats, Padstow has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Dec 2010.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
2 The Old Mill Flats, Padstow last changed hands on 23rd May 2011, selling for £250,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has dropped by 17.1% since May 2011.
- Sold May 2011£250,000
- Sold Jun 2006£222,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 2.0 kilometres of 2 The Old Mill Flats, Padstow across the last 2 years.
Most recently, 1 The Old Mill Flats, Mill Road, Padstow, PL28 8BT, a leasehold flat, sold at £515,000 on the 6th June 2019.
Read more about house prices in PL28.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 2 The Old Mill Flats, Padstow as the 2nd largest and the 6th most expensive of the 19 addresses on Mill Road, Padstow, PL28.
Against the PL28 postcode district average, it is £11k less expensive than the typical property.
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Schools Nearby
- 700mPadstow School
- 3.4kmSt Minver School
- 3.8kmSt Issey Church of England Primary School
- 8.1kmWadebridge School
- 15.5kmTreviglas Academy
- 16.1kmNewquay Tretherras
More reading links
Public Transport Nearby
Roche station is the nearest stop to 2 The Old Mill Flats, Padstow at 15.7 kilometres away.
- 15.7kmRoche
- 15.7kmSt Columb Road
- 16.5kmQuintrell Downs
Available Internet Speeds
Ofcom's latest figures show poor internet coverage in this area, which may mean weak or no connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
