According to the public record, Ground Floor Flat, Silverleigh 31, Lyme Regis is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 672 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Silverleigh, Silver Street, Lyme Regis, DT7.
Silver Street, Lyme Regis, DT7 is located within the DT7 postal district.
Ground Floor Flat, Silverleigh 31, Lyme Regis has 2 entries in the Land Registry database, most recently in September 2016 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Ground Floor Flat Silverleigh 31 Lyme Regis as £188,711 and the rental value as £883 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of Ground Floor Flat Silverleigh 31 Lyme Regis has increased by £1,864 (1.0%) and its rental value has increased by £30 per month (3.4%).
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 Ground Floor Flat, Silverleigh 31, Lyme Regis is in very good condition we estimate a sale value of £198,146 and rental value of £927 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £175,501 and a rental value of £821 per month.
If you were able to purchase this property for the estimated value of £188,711, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £927 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, Ground Floor Flat, Silverleigh 31, Lyme Regis was last sold on 08 Sep 2016 for £195,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2016, the market for similar properties has risen 25.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Ground Floor Flat, Silverleigh 31, Lyme Regis within a radius of 640 metres over the last 2 years.
The most recent example is Flat 1, Charmouth House, Portland Court, Lyme Regis, DT7 3NN, a Leasehold flat which sold for £160,000 in Dec 2020.
Read more about house prices in DT7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Silver Street, Lyme Regis, DT7 has a total of 87 addresses. According to our analysis of all the public data, Ground Floor Flat, Silverleigh 31, Lyme Regis is the 71st largest and the 85th most expensive property on the street.
When compared to the postcode district it is £228k less expensive than the average property in DT7.
The closest station to Ground Floor Flat, Silverleigh 31, Lyme Regis is Axminster station which is 7.4 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 Ground Floor Flat, Silverleigh 31, Lyme Regis, 51.2% of property is privately owned outright and 24.0% 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 Ground Floor Flat, Silverleigh 31, Lyme Regis, 5.2% of residents are recorded as possessing school level qualifications and 45.7% 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 Ground Floor Flat, Silverleigh 31, 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 Ground Floor Flat, Silverleigh 31, Lyme Regis, 0.5% 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 Ground Floor Flat, Silverleigh 31, Lyme Regis, there are an average of 1.1 cars per household.
See below for how this compares to South West and the rest of England & Wales.