According to the public record, Flat 2, 7, Magdalene Road, Torquay is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 730 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 7, Magdalene Road, Torquay, TQ1.
Magdalene Road, Torquay, TQ1 is located within the TQ1 postal district.
Flat 2, 7, Magdalene Road, Torquay has 31 entries in the Land Registry database, most recently in December 2022 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 7 Magdalene Road Torquay as £117,903 and the rental value as £702 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of Flat 2 7 Magdalene Road Torquay has increased by £907 (0.8%) and its rental value has increased by £32 per month (4.6%).
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, 7, Magdalene Road, Torquay is in very good condition we estimate a sale value of £123,798 and rental value of £737 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £109,649 and a rental value of £653 per month.
If you were able to purchase this property for the estimated value of £117,903, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £579 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, 7, Magdalene Road, Torquay was last sold on 02 Dec 2022 for £125,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Dec 2022, the market for similar properties has dropped 0.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 7, Magdalene Road, Torquay within a radius of 380 metres over the last 2 years.
The most recent example is Flat 1, 23, Thurlow Road, Torquay, TQ1 3DZ, a Leasehold flat which sold for £125,000 in Sep 2022.
Read more about house prices in TQ1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Magdalene Road, Torquay, TQ1 has a total of 87 addresses. According to our analysis of all the public data, Flat 2, 7, Magdalene Road, Torquay is the 35th largest and the 42nd most expensive property on the street.
When compared to the postcode district it is £153k less expensive than the average property in TQ1.
The closest station to Flat 2, 7, Magdalene Road, Torquay is Torre 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, 7, Magdalene Road, Torquay, 75.4% of property is privately rented and 13.1% 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, 7, Magdalene Road, Torquay, 9.7% of residents are recorded as possessing school level qualifications and 22.1% 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, 7, Magdalene Road, Torquay, the average age was 40.6 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 2, 7, Magdalene Road, Torquay, 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, 7, Magdalene Road, Torquay, there are an average of 0.6 cars per household.
See below for how this compares to South West and the rest of England & Wales.