2 Estuary Reach, Elm Grove
2 Estuary Reach, Elm Grove
Description & Estimates
According to the public record, 2 Estuary Reach, Elm Grove, Exmouth is a modern leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2 Estuary Reach, Elm Grove, Exmouth is £260,127 and the estimated rental value is £995 per month.
Elm Grove, Exmouth, EX8 is located in the borough of East Devon within the EX8 postal district.
Our Data Sources
2 Estuary Reach, Elm Grove, Exmouth has a single entry in the Land Registry from December 2021 and a single entry in the EPC database dated January 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
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 2 Estuary Reach, Elm Grove, Exmouth is in very good condition we estimate a sale value of £273,133 and a rental value of £1,044 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £241,918 and a rental value of £925 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 2 Estuary Reach, Elm Grove, Exmouth has grown by £855 (0.3%), while its estimated rental value has climbed by £35 per month (3.6%). Based on current estimates, the property offers a gross rental yield of 4.6%.
Energy Efficiency
2 Estuary Reach, Elm Grove, Exmouth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Jan 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
Sold Prices
According to HM Land Registry, 2 Estuary Reach, Elm Grove, Exmouth was last sold on 17th December 2021 for £193,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since December 2021, the market for similar properties has risen by 23.3%.
- Sold Dec 2021£193,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Estuary Reach, Elm Grove, Exmouth within a radius of 430 metres over the last 2 years.
The most recent example is 8 Estuary Reach, Elm Grove, Exmouth, EX8 1DJ, a leasehold flat which sold for £240,000 on the 4th March 2024.
Read more about house prices in EX8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Elm Grove, Exmouth, EX8 has a total of 21 addresses. According to our analysis of all the public data, 2 Estuary Reach, Elm Grove, Exmouth is the 8th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £93k less expensive than the average property in EX8.
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Schools Nearby
- 300mThe Beacon Church of England (VA) Primary School
- 400mExeter Road Community Primary School
- 800mSt Joseph's Catholic Primary School, Exmouth
- 1.1kmExmouth Community College
- 5.1kmDawlish College
- 9.6kmTeignmouth Community School, Exeter Road
More reading links
Public Transport Nearby
The closest station to 2 Estuary Reach, Elm Grove, Exmouth is Exmouth station, which is 200 metres away.
- 200mExmouth
- 2.4kmStarcross
- 3.0kmDawlish Warren
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be high.
