Padstow

Area Guide For Padstow

Padstow is a town, civil parish and fishing port on the north coast of Cornwall, England, United Kingdom. The town is situated on the west bank of the River Camel estuary approximately five miles northwest of Wadebridge, ten miles northwest of Bodmin and ten miles northeast of Newquay. The population of Padstow civil parish was 3,162 in the 2001 census. Padstow was originally named Petroc-stow, Petroc-stowe, or 'Petrock's Place', after the Welsh missionary Saint Petroc, who landed at Trebetherick around AD 500. After his death a monastery (Lanwethinoc, the church of Wethinoc an earlier holy man) was established here which was of great importance until the town was raided by the Vikings in 981 (the Vikings laid waste "Petroces stow" (probably Padstow) according to the Anglo-Saxon Chronicle). Either as a result of this attack or later the monks moved inland to Bodmin taking with them the relics of St Petroc. The cult of St Petroc was important both in Padstow and Bodmin. In the medieval period Padstow was commonly called Aldestowe (as the 'old place' in contrast to Bodmin the 'new place'). The modern Cornish form Lannwedhenek derives from Lanwethinoc and in a

 
 

Padstow Map

Estimated Price: £391,898
Average Asking Price: £448,138
Price change in last one year: £23,574
Average Price Paid: £372,931
Average Rent Rates: £835

 
 

Property Prices Breakdown in Padstow

Average Price for property in Padstow is around £391,898 which varies based on type of property you are interested in and ranges from £486,838 for detached house to around £317,381 for semi-detached. Similarly terraced house is around £292,872 and a flat is worth £290,823. Values have been changing and have risen £3,520 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,756 in last 6 months, £23,574 in last 1 year, £38,330 in last 2 years, £48,218 in last 3 years, £38,720 in last 4 years and £38,270 in last 5 years.

Currently average asking price of a property in Padstow is around £448,138 based on approximately 80 properties for sale. Same is the case with rental options based on 5 properties up for rent, average asking rent is around £835 per month.

Estimated property value in Padstow is £391,898. Average asking price is £448,138 while average price paid is £366,567 which is up by £23,574 and Avg. asking rent £835.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Padstow area. In last 1 year alone average price buyer paid is around £366,567 based on approximately 80 sales in Padstow area alone. If you compare it to last 3 years sales of 245 properties where buyers paid around £385,059. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £372,931 for 387 and average amount paid for purchase of approx. 485 properties sold in last 7 years comes to about £385,823 per sale.

 
 

Properties For Sale in Padstow

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £139,000, £254,034 for a 2 bedroom house, £333,952 for a 3 bedroom house, £713,158 for a 4 bedroom house and £588,000 for a 5 bedroom house. For a flat similarly the prices varies from £187,475 for a single bedroom to £250,000 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £358,317 and £372,500 for a 4 bedroom flat. To sum up the asking prices for properties in Padstow it comes to around average £152,850 for 1 bedroom property, £253,922 for 2 bedroom, £334,967 for 3 bedroom, £686,954 for 4 bedroom and £588,000 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £598 for 2 bedroom to £792 for 3 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £1,200. You should be generally be expecting around average £899 rent per month for 2 bedroom property and approximately £792 for 3 bedroom property in Padstow area.

Popular Houses in Padstow

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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