According to the public record, Flat 3, Reed Lodge 11, Teignmouth is a period apartment with 1,259 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Reed Lodge, Reed Vale, Teignmouth, TQ14.
Reed Vale, Teignmouth, TQ14 is located in the borough of Teignbridge within the TQ14 postal district.
Flat 3, Reed Lodge 11, Teignmouth has no records in the Land Registry database and a single entry in the EPC database dated October 2016.
We combine this information with public data 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 Reed Lodge 11 Teignmouth as £199,616 and the rental value as £1,026 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 3 Reed Lodge 11 Teignmouth has decreased by £2,716 (1.4%) and its rental value has increased by £45 per month (4.4%).
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, Reed Lodge 11, Teignmouth is in very good condition we estimate a sale value of £209,597 and rental value of £1,078 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £185,643 and a rental value of £955 per month.
If you were able to purchase this property for the estimated value of £199,616, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £981 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, Reed Lodge 11, Teignmouth within a radius of 550 metres over the last 2 years.
The most recent example is Flat 3, Westbrook House, Westbrook Avenue, Teignmouth, TQ14 9EL, a Leasehold flat which sold for £189,950 in Mar 2016.
Read more about house prices in TQ14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Reed Vale, Teignmouth, TQ14 has a total of 30 addresses. According to our analysis of all the public data, Flat 3, Reed Lodge 11, Teignmouth is the 5th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £152k less expensive than the average property in TQ14.
Flat 3, Reed Lodge 11, Teignmouth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Oct 2016.
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, Reed Lodge 11, Teignmouth is Teignmouth station which is 800 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 3, Reed Lodge 11, Teignmouth, 33.6% of property is privately owned outright and 27.6% 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, Reed Lodge 11, Teignmouth, 9.7% of residents are recorded as possessing school level qualifications and 31.7% 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, Reed Lodge 11, Teignmouth, the average age was 46.2 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 3, Reed Lodge 11, 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 3, Reed Lodge 11, Teignmouth, there are an average of 1.0 cars per household.
See below for how this compares to South West and the rest of England & Wales.