According to the public record, 2 The Lymes, Lyme Regis is a modern leasehold apartment and with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The Lymes, View Road, Lyme Regis, DT7.
View Road, Lyme Regis, DT7 is located within the DT7 postal district.
2 The Lymes, Lyme Regis has a single entry in the Land Registry database from July 2012 and no records in the EPC database.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 The Lymes Lyme Regis as £229,023 and the rental value as £966 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 2 The Lymes Lyme Regis has increased by £2,262 (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 The Lymes, Lyme Regis is in very good condition we estimate a sale value of £240,475 and rental value of £1,014 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £212,992 and a rental value of £899 per month.
If you were able to purchase this property for the estimated value of £229,023, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,126 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 The Lymes, Lyme Regis was last sold on 23 Jul 2012 for £165,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2012, the market for similar properties has risen 38.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 The Lymes, Lyme Regis within a radius of 533m over the last 2 years.
The most recent example is Flat 49, Charmouth Court, Fairfield Park, Lyme Regis, DT7 3DS, a Leasehold flat which sold for £262,000 in Jan 2023.
Read more about house prices in DT7.
View Road, Lyme Regis, DT7 has a total of 37 addresses. According to our analysis of all the public data, 2 The Lymes, Lyme Regis is the 37th largest and the 37th most expensive property on the street.
When compared to the postcode district it is £188k less expensive than the average property in DT7.
2 The Lymes, Lyme Regis has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Mar 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 2 The Lymes, Lyme Regis is Axminster station which is 7.4 km 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 The Lymes, Lyme Regis, 57.7% of property is privately owned outright and 23.6% is privately rented.
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 The Lymes, Lyme Regis, 5.2% of residents are recorded as possessing school level qualifications and 36.7% 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 The Lymes, 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 The Lymes, Lyme Regis, 1.4% 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 The Lymes, Lyme Regis, there are an average of 1.2 cars per household.
See below for how this compares to South West and the rest of England & Wales.