According to the public record, 3, Higher Meadow, Exeter is a modern leasehold apartment and with 484 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Higher Meadow, Cranbrook, Exeter, EX5 is located in the borough of East Devon within the EX5 postal district.
3, Higher Meadow, Exeter has a single entry in the Land Registry database from December 2014 and a single entry in the EPC database dated December 2014.
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 3 Higher Meadow Exeter as £144,643 and the rental value as £744 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 3 Higher Meadow Exeter has decreased by £1,451 (1.0%) and its rental value has increased by £37 per month (5.0%).
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 3, Higher Meadow, Exeter is in very good condition we estimate a sale value of £151,875 and rental value of £781 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £134,518 and a rental value of £692 per month.
If you were able to purchase this property for the estimated value of £144,643, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £711 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, 3, Higher Meadow, Exeter was last sold on 19 Dec 2014 for £115,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2014, the market for similar properties has risen 22.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Higher Meadow, Exeter within a radius of 119m over the last 2 years.
The most recent example is 9, Higher Meadow, Exeter, EX5 7AY, a Leasehold flat which sold for £150,000 in Mar 2023.
Read more about house prices in EX5.
Higher Meadow, Cranbrook, Exeter, EX5 has a total of 58 addresses. According to our analysis of all the public data, 3, Higher Meadow, Exeter is the 56th largest and the 56th most expensive property on the street.
When compared to the postcode district it is £222k less expensive than the average property in EX5.
3, Higher Meadow, Exeter has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Dec 2014.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to 3, Higher Meadow, Exeter is Cranbrook (Devon) station which is 700 m 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 3, Higher Meadow, Exeter, 33.3% of property is privately owned with a mortgage and 31.1% is privately owned outright.
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 3, Higher Meadow, Exeter, 19.4% of residents are recorded as possessing school level qualifications and 32.6% 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 3, Higher Meadow, Exeter, the average age was 46.7 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 3, Higher Meadow, Exeter, 0.0% 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 3, Higher Meadow, Exeter, there are an average of 1.6 cars per household.
See below for how this compares to South West and the rest of England & Wales.