Apartment 8, Ocean Gate 1
Apartment 8, Ocean Gate 1
Description & Estimates
Public records show Apartment 8, Ocean Gate 1, Newquay to be a modern leasehold apartment with 1,270 ft2 of internal area.
In this area, apartments of this size normally have 3 bedrooms with a balcony.
Apartment 8, Ocean Gate 1, Newquay has an estimated sale value of £462,958 and an estimated rental value of £1,339 per month, assuming reasonable condition and based on the information available.
The apartment sits within Ocean Gate, Esplanade Road, Newquay, TR7.
Esplanade Road, Newquay, TR7 lies within the TR7 postal district.
Our Data Sources
Apartment 8, Ocean Gate 1, Newquay has 4 entries in the Land Registry , most recently in October 2020 and a single entry in the EPC database dated July 2011.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate Apartment 8, Ocean Gate 1, Newquay would be worth £486,106, with a potential rental value of £1,405 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £430,551, with a rental value of £1,245 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 Apartment 8, Ocean Gate 1, Newquay has fallen by £8,647 (1.9%) over the last year. During the same period, its estimated monthly rental value has moved up by £82 (6.1%). The property's estimated gross yield is currently 3.5%.
Energy Efficiency
Apartment 8, Ocean Gate 1, Newquay has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 12 Jul 2011.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
Apartment 8, Ocean Gate 1, Newquay last changed hands on 22nd October 2020, selling for £353,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold 4 times since 1995.
The market for similar properties has dropped by 27.8% since October 2020.
- Sold Oct 2020£353,000
- Sold Apr 2017£300,000
- Sold Oct 2012£260,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 780 metres of Apartment 8, Ocean Gate 1, Newquay across the last 2 years.
Most recently, Penthouse B, Light House 4, Pentire Avenue, Newquay, TR7 1FB, a leasehold flat, sold at £535,000 on the 19th July 2024.
Read more about house prices in TR7.
- Sold Jul 2024£535,000 | 3 Bed FlatLight House 4, Pentire AvenuePenthouse B, Light House 4, Pentire Avenue, Newquay, TR7 1FB
- Sold Jun 2023£999,999 | 3 Bed FlatOcean Gate 1, Esplanade RoadApartment 14, Ocean Gate 1, Esplanade Road, Newquay, TR7 1PY
- Sold Aug 2022£417,000 | 3 Bed FlatOcean Gate 1, Esplanade RoadApartment 10, Ocean Gate 1, Esplanade Road, Newquay, TR7 1PY
•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 Apartment 8, Ocean Gate 1, Newquay as the 21st largest and the 38th most expensive of the 118 addresses on Esplanade Road, Newquay, TR7.
Against the TR7 postcode district average, it is £142k more expensive than the typical property.
More reading links
Schools Nearby
- 1.5kmTrenance Learning Academy
- 2.0kmNewquay Junior Academy
- 2.2kmThe Bishops CofE Learning Academy
- 3.1kmNewquay Tretherras
- 3.8kmTreviglas Academy
- 16.8kmPenair School
More reading links
Public Transport Nearby
Newquay station is the nearest stop to Apartment 8, Ocean Gate 1, Newquay at 1.8 kilometres away.
- 1.8kmNewquay
- 5.1kmQuintrell Downs
- 11.4kmSt Columb Road
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
