According to the public record, Flat 16, Grand Banks, Teignmouth is a modern apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Grand Banks, Clay Lane, Teignmouth, TQ14.
Clay Lane, Teignmouth, TQ14 is located in the borough of Teignbridge within the TQ14 postal district.
Flat 16, Grand Banks, Teignmouth has no records in the Land Registry database and a single entry in the EPC database dated November 2021.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in good condition, we estimate the current sale value for Flat 16 Grand Banks Teignmouth as £248,112 and the rental value as £1,025 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of Flat 16 Grand Banks Teignmouth has decreased by £6,833 (2.8%) and its rental value has increased by £30 per month (2.9%).
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 Flat 16, Grand Banks, Teignmouth is in very good condition we estimate a sale value of £260,517 and rental value of £1,076 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £230,744 and a rental value of £953 per month.
If you were able to purchase this property for the estimated value of £248,112, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,219 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 16, Grand Banks, Teignmouth within a radius of 450 metres over the last 2 years.
The most recent example is 6, Montpellier Apartments 5, Winterbourne Road, Teignmouth, TQ14 8JT, a Leasehold flat which sold for £225,000 in Nov 2023.
Read more about house prices in TQ14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Clay Lane, Teignmouth, TQ14 has a total of 30 addresses. According to our analysis of all the public data, Flat 16, Grand Banks, Teignmouth is the 21st largest and the 20th most expensive property on the street.
When compared to the postcode district it is £104k less expensive than the average property in TQ14.
Flat 16, Grand Banks, Teignmouth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 26 Nov 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, Underfloor heating, pipes in screed above insulation, electric.
The closest station to Flat 16, Grand Banks, Teignmouth is Teignmouth station which is 500 metres 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 Flat 16, Grand Banks, Teignmouth, 44.7% of property is privately rented and 21.1% 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 Flat 16, Grand Banks, Teignmouth, 9.1% of residents are recorded as possessing school level qualifications and 24.5% 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 Flat 16, Grand Banks, Teignmouth, the average age was 46.2 and the most common age was 57.
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 Flat 16, Grand Banks, Teignmouth, 0.6% 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 Flat 16, Grand Banks, Teignmouth, there are an average of 0.9 cars per household.
See below for how this compares to South West and the rest of England & Wales.