According to the public record, Cormorants, Salcombe is a modern freehold house with 1,291 ft2 of internal area and sits on a 122 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Loring Road, Salcombe, TQ8 is located in the borough of South Hams within the TQ8 postal district.
Cormorants, Salcombe has a single entry in the Land Registry database from September 2011 and a single entry in the EPC database dated May 2011.
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 Cormorants Salcombe as £730,083 and the rental value as £2,842 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of Cormorants Salcombe has decreased by £27,998 (3.8%) and its rental value has increased by £65 per month (2.3%).
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 Cormorants, Salcombe is in very good condition we estimate a sale value of £766,587 and rental value of £2,984 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £678,977 and a rental value of £2,643 per month.
If you were able to purchase this property for the estimated value of £730,083, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,588 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 data from HM Land Registry, Cormorants, Salcombe sits on a plot of 122m2.
We have plot size data on 11 out of 17 other houses in the postcode and Cormorants, Salcombe sits on the 10th largest plot.
According to HM Land Registry, Cormorants, Salcombe was last sold on 23 Sep 2011 for £478,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2011, the market for similar properties has risen 56.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Cormorants, Salcombe within a radius of 1.4 kilometres over the last 2 years.
The most recent example is Winchmore, Loring Road, Salcombe, TQ8 8AT, a Freehold house which sold for £753,126 in Aug 2023.
Read more about house prices in TQ8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Loring Road, Salcombe, TQ8 has a total of 33 addresses. According to our analysis of all the public data, Cormorants, Salcombe is the 11th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £286k less expensive than the average property in TQ8.
Cormorants, Salcombe has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 11 May 2011.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Cormorants, Salcombe is Ivybridge station which is 19.9 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 Cormorants, Salcombe, 57.3% of property is privately owned outright and 26.8% 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 Cormorants, Salcombe, 10.2% of residents are recorded as possessing school level qualifications and 28.6% 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 Cormorants, Salcombe, the average age was 50.9 and the most common age was 62.
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 Cormorants, Salcombe, 2.4% 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 Cormorants, Salcombe, 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.