According to the public record, Flat 7, Portland Lodge, Lyme Regis is a period leasehold apartment with 1,108 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Portland Lodge, Clappentail Lane, Lyme Regis, DT7.
Clappentail Lane, Lyme Regis, DT7 is located within the DT7 postal district.
Flat 7, Portland Lodge, Lyme Regis has 21 entries in the Land Registry database, most recently in May 2022 and a single entry in the EPC database dated March 2022.
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 7 Portland Lodge Lyme Regis as £348,473 and the rental value as £1,230 per month giving an expected gross yield of 4.2%.
Over the last 12 months the sale value of Flat 7 Portland Lodge Lyme Regis has increased by £3,013 (0.9%) and its rental value has increased by £40 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 7, Portland Lodge, Lyme Regis is in very good condition we estimate a sale value of £365,896 and rental value of £1,291 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £324,080 and a rental value of £1,144 per month.
If you were able to purchase this property for the estimated value of £348,473, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,713 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 7, Portland Lodge, Lyme Regis was last sold on 30 May 2022 for £390,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2022, the market for similar properties has risen 2.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, Portland Lodge, Lyme Regis within a radius of 880 metres over the last 2 years.
The most recent example is 8A, Coombe Street, Lyme Regis, DT7 3PR, a Leasehold flat which sold for £485,000 in Oct 2023.
Read more about house prices in DT7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Clappentail Lane, Lyme Regis, DT7 has a total of 44 addresses. According to our analysis of all the public data, Flat 7, Portland Lodge, Lyme Regis is the 19th largest and the 21st most expensive property on the street.
When compared to the postcode district it is £68k less expensive than the average property in DT7.
Flat 7, Portland Lodge, Lyme Regis has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 24 Mar 2022.
The property is not connected to mains gas and has single glazed windows. It is heated using an electric boiler and radiators.
The closest station to Flat 7, Portland Lodge, Lyme Regis is Axminster station which is 7.1 kilometres 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 7, Portland Lodge, Lyme Regis, 69.9% of property is privately owned outright and 16.4% is privately rented.
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 7, Portland Lodge, Lyme Regis, 8.0% of residents are recorded as possessing school level qualifications and 50.6% 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 7, Portland Lodge, 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 7, Portland Lodge, Lyme Regis, 2.1% 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 7, Portland Lodge, Lyme Regis, there are an average of 1.3 cars per household.
See below for how this compares to South West and the rest of England & Wales.