1, GRESHAM CLOSE, NEWQUAY, TR7 2LF - £370,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 GRESHAM CLOSE is a small detached house of 91m², built sometime between 1967 and 1975, which could now be worth an estimated £422,795. It was last sold for £370,000 in April 2021, which was around 3% below the average April 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2018, where the current energy rating was B, and the potential energy rating was A.

1 GRESHAM CLOSE Sold Prices

Land registry data shows two sales for 1 GRESHAM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Both of the two 1 GRESHAM CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 13 APR	£370,000	£382,633	3% below HPI
1997 28 JUL	£59,950	£82,169	27% below HPI

1 GRESHAM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cornwall local authority area over time, sourced from the HPI. The two 1 GRESHAM CLOSE sales from July 1997 and April 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 1997 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the April 2021 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 1 GRESHAM CLOSE be worth now?

1 GRESHAM CLOSE might now be worth an estimated £422,795.

This is based on house price inflation of 14.3%, between April 2021 and February 2025, for detached houses, in the Cornwall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.3% inflationary increase is applied to the most recent sale price for 1 GRESHAM CLOSE of £370,000 on 13th April 2021. For the value to have increased from £370,000 to £422,795 over the four years and two months to February 2025, the following assumptions must hold true:

• The value of 1 GRESHAM CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The April 2021 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 1 GRESHAM CLOSE has not materially changed since April 2021.

How Large is 1 GRESHAM CLOSE?

1 GRESHAM CLOSE is 91m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 40% of detached houses houses in Newquay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newquay, and where 1 GRESHAM CLOSE lies on this distribution: 30% of detached houses houses are smaller than 1 GRESHAM CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Newquay.

1 GRESHAM CLOSE: Plot and Title Map

1 GRESHAM CLOSE sits on a plot of roughly 0.132 of an acre, or 535m². The below map shows the location of 1 GRESHAM CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 GRESHAM CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 GRESHAM CLOSE?

1 GRESHAM CLOSE is located in NEWQUAY, in the TR7 postcode district. The below map shows the position of No. 1 on GRESHAM CLOSE.