According to the public record, Flat 16, The Bridge, Plymouth is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 580 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The Bridge, Custom House Lane, Plymouth, PL1.
Custom House Lane, Plymouth, PL1 is located within the PL1 postal district.
Flat 16, The Bridge, Plymouth has 21 entries in the Land Registry database, most recently in May 2008 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 Flat 16 The Bridge Plymouth as £255,870 and the rental value as £1,113 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of Flat 16 The Bridge Plymouth has increased by £6,856 (2.7%) and its rental value has increased by £20 per month (1.8%).
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, The Bridge, Plymouth is in very good condition we estimate a sale value of £268,664 and rental value of £1,169 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £237,959 and a rental value of £1,035 per month.
If you were able to purchase this property for the estimated value of £255,870, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,258 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, Flat 16, The Bridge, Plymouth was last sold on 27 May 2008 for £169,950 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2008, the market for similar properties has risen 16.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 16, The Bridge, Plymouth within a radius of 118m over the last 2 years.
The most recent example is Flat 31, Aqua House 1, Kingdom Street, Plymouth, PL1 3GJ, a Leasehold flat which sold for £175,000 in Mar 2024.
Read more about house prices in PL1.
Custom House Lane, Plymouth, PL1 has a total of 28 addresses. According to our analysis of all the public data, Flat 16, The Bridge, Plymouth is the 25th largest and the 25th most expensive property on the street.
When compared to the postcode district it is £69k more expensive than the average property in PL1.
The closest station to Flat 16, The Bridge, Plymouth is Plymouth station which is 1.6 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 Flat 16, The Bridge, Plymouth, 52.5% of property is socially rented and 25.8% 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 Flat 16, The Bridge, Plymouth, 13.6% of residents are recorded as possessing school level qualifications and 23.0% 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, The Bridge, Plymouth, the average age was 35.9 and the most common age was 22.
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, The Bridge, Plymouth, 1.0% 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 Flat 16, The Bridge, Plymouth, there are an average of 0.5 cars per household.
See below for how this compares to South West and the rest of England & Wales.