2, GRESHAM CLOSE, NEWQUAY, TR7 2LF - £595,000

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

2 GRESHAM CLOSE is a very large extended detached house of 156m², built sometime between 1983 and 1990, which could now be worth an estimated £622,672. It was last sold for £595,000 in January 2022, which was around 40% above the average January 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

2 GRESHAM CLOSE Sold Prices

Land registry data shows three sales for 2 GRESHAM CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. The three 2 GRESHAM CLOSE sales were a mix of above the average price, roughly equal to the average price, and 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
2022 10 JAN	£595,000	£424,271	40% above HPI
2005 19 MAY	£235,000	£261,384	10% below HPI
2000 12 APR	£110,000	£109,878	Close to HPI

2 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 three 2 GRESHAM CLOSE sales between April 2000 and January 2022 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 May 2005 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the January 2022 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might 2 GRESHAM CLOSE be worth now?

2 GRESHAM CLOSE might now be worth an estimated £622,672.

This is based on house price inflation of 4.7%, between January 2022 and December 2024, 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 4.7% inflationary increase is applied to the most recent sale price for 2 GRESHAM CLOSE of £595,000 on 10th January 2022. For the value to have increased from £595,000 to £622,672 over the one year and one month to December 2024, the following assumptions must hold true:

• The value of 2 GRESHAM CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The January 2022 sale price of £595,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GRESHAM CLOSE has not materially changed since January 2022.

How Large is 2 GRESHAM CLOSE?

2 GRESHAM CLOSE is 156m², which includes two extensions, according to the EPC inspection conducted in July 2021. This puts it in the largest 20% 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 2 GRESHAM CLOSE lies on this distribution: 82% of detached houses houses are smaller than 2 GRESHAM CLOSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Newquay.

2 GRESHAM CLOSE: Plot and Title Map

2 GRESHAM CLOSE sits on a plot of roughly 0.158 of an acre, or 638m². The below map shows the location of 2 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 2 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 2 GRESHAM CLOSE?

2 GRESHAM CLOSE is located in NEWQUAY, in the TR7 postcode district. The below map shows the position of No. 2 on GRESHAM CLOSE.