According to the public record, Flat 3, Glen Andred, Lyme Regis is a period leasehold apartment and with 684 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Glen Andred, Colway Lane, Lyme Regis, DT7.
Colway Lane, Lyme Regis, DT7 is located within the DT7 postal district.
Flat 3, Glen Andred, Lyme Regis has 41 entries in the Land Registry database, most recently in February 2020 and no records in the EPC database.
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 3 Glen Andred Lyme Regis as £271,125 and the rental value as £1,082 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of Flat 3 Glen Andred Lyme Regis has increased by £2,449 (0.9%) and its rental value has increased by £35 per month (3.2%).
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 3, Glen Andred, Lyme Regis is in very good condition we estimate a sale value of £284,682 and rental value of £1,136 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £252,147 and a rental value of £1,006 per month.
If you were able to purchase this property for the estimated value of £271,125, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,332 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 3, Glen Andred, Lyme Regis was last sold on 11 Feb 2020 for £297,500 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Feb 2020, the market for similar properties has risen 18.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, Glen Andred, Lyme Regis within a radius of 329m over the last 2 years.
The most recent example is Flat 49, Charmouth Court, Fairfield Park, Lyme Regis, DT7 3DS, a Leasehold flat which sold for £262,000 in Jan 2023.
Read more about house prices in DT7.
Colway Lane, Lyme Regis, DT7 has a total of 52 addresses. According to our analysis of all the public data, Flat 3, Glen Andred, Lyme Regis is the 49th largest and the 50th most expensive property on the street.
When compared to the postcode district it is £145k less expensive than the average property in DT7.
Flat 3, Glen Andred, Lyme Regis has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 16 Aug 2011.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 3, Glen Andred, Lyme Regis is Axminster station which is 7.0 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 3, Glen Andred, Lyme Regis, 46.7% of property is socially rented and 18.7% 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 3, Glen Andred, Lyme Regis, 17.5% of residents are recorded as possessing school level qualifications and 22.8% 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 3, Glen Andred, 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 3, Glen Andred, Lyme Regis, 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 3, Glen Andred, Lyme Regis, there are an average of 1.2 cars per household.
See below for how this compares to South West and the rest of England & Wales.