According to the public record, Monks Way, Lyme Regis is a mid-century freehold house with 968 ft2 of internal area and sits on a 311 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Sherborne Lane, Lyme Regis, DT7 is located within the DT7 postal district.
Monks Way, Lyme Regis has 31 entries in the Land Registry database, most recently in April 2017 and a single entry in the EPC database dated July 2016.
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 Monks Way Lyme Regis as £487,936 and the rental value as £1,311 per month giving an expected gross yield of 3.2%.
Over the last 12 months the sale value of Monks Way Lyme Regis has decreased by £8,856 (1.8%) and its rental value has increased by £6 per month (0.5%).
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 Monks Way, Lyme Regis is in very good condition we estimate a sale value of £512,333 and rental value of £1,377 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £453,780 and a rental value of £1,220 per month.
If you were able to purchase this property for the estimated value of £487,936, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,398 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 data from HM Land Registry, Monks Way, Lyme Regis sits on a plot of 311m2.
We have plot size data on 8 out of 13 other houses in the postcode and Monks Way, Lyme Regis sits on the largest plot.
According to HM Land Registry, Monks Way, Lyme Regis was last sold on 03 Apr 2017 for £455,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Apr 2017, the market for similar properties has risen 29.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Monks Way, Lyme Regis within a radius of 710 metres over the last 2 years.
The most recent example is 41A, Sherborne Lane, Lyme Regis, DT7 3NY, a Freehold house which sold for £427,500 in May 2024.
Read more about house prices in DT7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sherborne Lane, Lyme Regis, DT7 has a total of 52 addresses. According to our analysis of all the public data, Monks Way, Lyme Regis is the 15th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £71k more expensive than the average property in DT7.
Monks Way, Lyme Regis has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Jul 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 Monks Way, Lyme Regis is Axminster station which is 7.6 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 Monks Way, 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 Monks Way, 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 Monks Way, 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 Monks Way, 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 Monks Way, 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.