According to the public record, 2 Highcliff House , Lyme Regis is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 625 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Highcliff House, Sidmouth Road, Lyme Regis, DT7.
Sidmouth Road, Lyme Regis, DT7 is located within the DT7 postal district.
2 Highcliff House , Lyme Regis has 41 entries in the Land Registry database, most recently in March 2021 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Highcliff House Lyme Regis as £235,947 and the rental value as £967 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 2 Highcliff House Lyme Regis has increased by £2,331 (1.0%) and its rental value has increased by £32 per month (3.4%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2 Highcliff House , Lyme Regis is in very good condition we estimate a sale value of £247,744 and rental value of £1,015 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £219,430 and a rental value of £899 per month.
If you were able to purchase this property for the estimated value of £235,947, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,160 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 2 Highcliff House , Lyme Regis was last sold on 15 Mar 2021 for £232,500 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Mar 2021, the market for similar properties has risen 12.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Highcliff House , Lyme Regis within a radius of 980 metres over the last 2 years.
The most recent example is Flat 2, 5, Pound Street, Lyme Regis, DT7 3HZ, a Leasehold flat which sold for £140,000 in Oct 2020.
Read more about house prices in DT7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sidmouth Road, Lyme Regis, DT7 has a total of 58 addresses. According to our analysis of all the public data, 2 Highcliff House , Lyme Regis is the 55th largest and the 58th most expensive property on the street.
When compared to the postcode district it is £181k less expensive than the average property in DT7.
The closest station to 2 Highcliff House , Lyme Regis is Axminster station which is 7.5 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2 Highcliff House , Lyme Regis, 77.3% of property is privately owned outright and 14.7% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2 Highcliff House , Lyme Regis, 4.8% of residents are recorded as possessing school level qualifications and 59.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2 Highcliff House , Lyme Regis, the average age was 53.1 and the most common age was 72.
The graph below shows how this compares to South West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2 Highcliff House , Lyme Regis, 9.1% of property was a second home.
Comparison figures for South West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2 Highcliff House , Lyme Regis, there are an average of 1.5 cars per household.
See below for how this compares to South West and the rest of England & Wales.