According to the public record, Flat 5, Grand Banks, Teignmouth is a modern leasehold apartment with 742 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Grand Banks, Clay Lane, Teignmouth, TQ14.
Clay Lane, Teignmouth, TQ14 is located in the borough of Teignbridge within the TQ14 postal district.
Flat 5, Grand Banks, Teignmouth has a single entry in the Land Registry database from September 2022 and a single entry in the EPC database dated November 2021.
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 good condition, we estimate the current sale value for Flat 5 Grand Banks Teignmouth as £304,096 and the rental value as £1,136 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of Flat 5 Grand Banks Teignmouth has decreased by £8,375 (2.8%) and its rental value has increased by £34 per month (2.9%).
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 5, Grand Banks, Teignmouth is in very good condition we estimate a sale value of £319,301 and rental value of £1,193 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £282,809 and a rental value of £1,056 per month.
If you were able to purchase this property for the estimated value of £304,096, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,495 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 5, Grand Banks, Teignmouth was last sold on 15 Sep 2022 for £275,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2022, the market for similar properties has dropped 3.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Grand Banks, Teignmouth within a radius of 450 metres over the last 2 years.
The most recent example is Flat 4, Grand Banks, Clay Lane, Teignmouth, TQ14 8FX, a Leasehold flat which sold for £275,000 in Aug 2022.
Read more about house prices in TQ14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Clay Lane, Teignmouth, TQ14 has a total of 30 addresses. According to our analysis of all the public data, Flat 5, Grand Banks, Teignmouth is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £48k less expensive than the average property in TQ14.
Flat 5, Grand Banks, Teignmouth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 26 Nov 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, Underfloor heating, pipes in screed above insulation, electric.
The closest station to Flat 5, Grand Banks, Teignmouth is Teignmouth station which is 500 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 5, Grand Banks, Teignmouth, 44.7% of property is privately rented and 21.1% is privately owned outright.
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 5, Grand Banks, Teignmouth, 9.1% of residents are recorded as possessing school level qualifications and 24.5% 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 5, Grand Banks, 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 5, Grand Banks, Teignmouth, 0.6% 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 5, Grand Banks, Teignmouth, there are an average of 0.9 cars per household.
See below for how this compares to South West and the rest of England & Wales.