According to the public record, Flat 8, Model Cottages, Teignmouth is a period leasehold apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Model Cottages, Daimonds Lane, Teignmouth, TQ14.
Daimonds Lane, Teignmouth, TQ14 is located in the borough of Teignbridge within the TQ14 postal district.
Flat 8, Model Cottages, Teignmouth has 4 entries in the Land Registry database, most recently in July 2021 and a single entry in the EPC database dated November 2013.
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 8 Model Cottages Teignmouth as £144,372 and the rental value as £815 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of Flat 8 Model Cottages Teignmouth has decreased by £1,753 (1.2%) and its rental value has increased by £37 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 8, Model Cottages, Teignmouth is in very good condition we estimate a sale value of £151,591 and rental value of £856 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £134,266 and a rental value of £758 per month.
If you were able to purchase this property for the estimated value of £144,372, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £710 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 8, Model Cottages, Teignmouth was last sold on 14 Jul 2021 for £153,500 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jul 2021, the market for similar properties has risen 8.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Model Cottages, Teignmouth within a radius of 440 metres over the last 2 years.
The most recent example is Flat 4C, Sunset Court 8-9, Orchard Gardens, Teignmouth, TQ14 8DP, a Leasehold flat which sold for £202,500 in Jun 2024.
Read more about house prices in TQ14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Daimonds Lane, Teignmouth, TQ14 has a total of 49 addresses. According to our analysis of all the public data, Flat 8, Model Cottages, Teignmouth is the 10th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £208k less expensive than the average property in TQ14.
Flat 8, Model Cottages, Teignmouth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Nov 2013.
The property is not connected to mains gas and has mostly double glazing. It is heated using an electric boiler and radiators.
The closest station to Flat 8, Model Cottages, Teignmouth is Teignmouth station which is 300 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 8, Model Cottages, Teignmouth, 43.7% of property is privately rented and 31.0% 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 8, Model Cottages, Teignmouth, 13.5% of residents are recorded as possessing school level qualifications and 32.0% 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 8, Model Cottages, 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 8, Model Cottages, 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 8, Model Cottages, 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.