According to the public record, Flat 2, 56, Paradise Road, Teignmouth is a period Leasehold apartment with 753 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 56, Paradise Road, Teignmouth, TQ14.
Paradise Road, Teignmouth, TQ14 is located in the borough of Teignbridge within the TQ14 postal district.
Flat 2, 56, Paradise Road, Teignmouth has 51 entries in the Land Registry database, most recently in June 2016 and a single entry in the EPC database dated July 2020.
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 Flat 2 56 Paradise Road Teignmouth as £197,707 and the rental value as £993 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of Flat 2 56 Paradise Road Teignmouth has decreased by £2,160 (1.1%) and its rental value has increased by £47 per month (4.7%).
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, 56, Paradise Road, Teignmouth is in very good condition we estimate a sale value of £207,593 and rental value of £1,043 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £183,868 and a rental value of £924 per month.
If you were able to purchase this property for the estimated value of £197,707, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £972 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, 56, Paradise Road, Teignmouth was last sold on 09 Jun 2016 for £175,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Jun 2016, the market for similar properties has risen 24.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 56, Paradise Road, Teignmouth within a radius of 640 metres over the last 2 years.
The most recent example is 19A, Haldon Avenue, Teignmouth, TQ14 8JZ, a Leasehold flat which sold for £154,000 in Jun 2018.
Read more about house prices in TQ14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Paradise Road, Teignmouth, TQ14 has a total of 59 addresses. According to our analysis of all the public data, Flat 2, 56, Paradise Road, Teignmouth is the 48th largest and the 51st most expensive property on the street.
When compared to the postcode district it is £154k less expensive than the average property in TQ14.
Flat 2, 56, Paradise Road, Teignmouth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Jul 2020.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to Flat 2, 56, Paradise Road, Teignmouth is Teignmouth station which is 700 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 2, 56, Paradise Road, Teignmouth, 48.8% of property is privately owned outright and 34.1% 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 Flat 2, 56, Paradise Road, Teignmouth, 22.0% of residents are recorded as possessing school level qualifications and 44.4% 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, 56, Paradise Road, Teignmouth, the average age was 48.6 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, 56, Paradise Road, Teignmouth, 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 Flat 2, 56, Paradise Road, Teignmouth, 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.