According to the public record, Flat 2, 5, Pound Street, Lyme Regis is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 562 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 5, Pound Street, Lyme Regis, DT7.
Pound Street, Lyme Regis, DT7 is located within the DT7 postal district.
Flat 2, 5, Pound Street, Lyme Regis has 2 entries in the Land Registry database, most recently in October 2020 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 2 5 Pound Street Lyme Regis as £251,153 and the rental value as £1,058 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of Flat 2 5 Pound Street Lyme Regis has increased by £3,096 (1.2%) and its rental value has increased by £38 per month (3.6%).
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 2, 5, Pound Street, Lyme Regis is in very good condition we estimate a sale value of £263,710 and rental value of £1,111 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £233,572 and a rental value of £984 per month.
If you were able to purchase this property for the estimated value of £251,153, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,234 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 2, 5, Pound Street, Lyme Regis was last sold on 09 Oct 2020 for £140,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2020, the market for similar properties has risen 13.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 5, Pound Street, Lyme Regis within a radius of 416m over the last 2 years.
The most recent example is 16, Church Street, Lyme Regis, DT7 3DB, a Leasehold flat which sold for £250,000 in Jun 2021.
Read more about house prices in DT7.
Pound Street, Lyme Regis, DT7 has a total of 44 addresses. According to our analysis of all the public data, Flat 2, 5, Pound Street, Lyme Regis is the 37th largest and the 38th most expensive property on the street.
When compared to the postcode district it is £165k less expensive than the average property in DT7.
Flat 2, 5, Pound Street, Lyme Regis has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 14 Aug 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 2, 5, Pound Street, Lyme Regis is Axminster station which is 7.6 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 2, 5, Pound Street, Lyme Regis, 69.9% of property is privately owned outright and 16.4% 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 2, 5, Pound Street, Lyme Regis, 8.0% of residents are recorded as possessing school level qualifications and 50.6% 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 Flat 2, 5, Pound Street, 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 Flat 2, 5, Pound Street, Lyme Regis, 2.1% 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 2, 5, Pound Street, Lyme Regis, there are an average of 1.3 cars per household.
See below for how this compares to South West and the rest of England & Wales.