According to the public record, The Olive Tree, Teignmouth is a period leasehold apartment with 807 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Clampet Lane, Teignmouth, TQ14 is located in the borough of Teignbridge within the TQ14 postal district.
The Olive Tree, Teignmouth has 31 entries in the Land Registry database, most recently in December 2012 and a single entry in the EPC database dated April 2012.
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 The Olive Tree Teignmouth as £115,750 and the rental value as £631 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of The Olive Tree Teignmouth has decreased by £1,101 (1.0%) and its rental value has increased by £31 per month (4.8%).
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 The Olive Tree, Teignmouth is in very good condition we estimate a sale value of £121,537 and rental value of £662 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £107,647 and a rental value of £586 per month.
If you were able to purchase this property for the estimated value of £115,750, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £569 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, The Olive Tree, Teignmouth was last sold on 17 Dec 2012 for £120,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Dec 2012, the market for similar properties has risen 46.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to The Olive Tree, Teignmouth within a radius of 410 metres over the last 2 years.
The most recent example is Flat 2, Endymion House, George Street, Teignmouth, TQ14 8FU, a Leasehold flat which sold for £101,500 in May 2023.
Read more about house prices in TQ14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Clampet Lane, Teignmouth, TQ14 has a total of 29 addresses. According to our analysis of all the public data, The Olive Tree, Teignmouth is the 5th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £236k less expensive than the average property in TQ14.
The Olive Tree, Teignmouth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Apr 2012.
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 The Olive Tree, Teignmouth is Teignmouth station which is 200 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 The Olive Tree, Teignmouth, 61.6% of property is privately rented and 22.2% 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 The Olive Tree, Teignmouth, 6.2% of residents are recorded as possessing school level qualifications and 30.6% 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 The Olive Tree, 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 The Olive Tree, Teignmouth, 1.9% 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 The Olive Tree, Teignmouth, there are an average of 0.6 cars per household.
See below for how this compares to South West and the rest of England & Wales.