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According to the public record, 3, Park Terrace, Ivybridge is a leasehold house.
By comparing it to neighbours, we estimate that it is a period house with 853 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 3, Park Terrace, Ivybridge is £254,665 and the estimated rental value is £1,172 per month.
Park Terrace, Ivybridge, PL21 is located in the borough of South Hams within the PL21 postal district.
3, Park Terrace, Ivybridge has 31 entries in the Land Registry , most recently in October 2014 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.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
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 3, Park Terrace, Ivybridge is in very good condition we estimate a sale value of £267,399 and a rental value of £1,230 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £236,839 and a rental value of £1,090 per month.
Over the last 12 months the sale value of 3 Park Terrace Ivybridge has increased by an estimated £465 (0.2%) and its rental value has increased by an estimated £59 per month (5.0%), giving an expected gross yield of 5.5%.
According to HM Land Registry, 3, Park Terrace, Ivybridge was last sold on 6th October 2014 for £146,500 and was recorded as a leasehold house.
The property has had 3 sales since 1995.
Since October 2014, the market for similar properties has risen 54.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Park Terrace, Ivybridge within a radius of 710 metres over the last 2 years.
The most recent example is 8, Park Street, Ivybridge, PL21 9DW, a freehold house which sold for £205,000 on the 8th August 2023.
Read more about house prices in PL21.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Terrace, Ivybridge, PL21 has a total of 5 addresses. According to our analysis of all the public data, 3, Park Terrace, Ivybridge is the largest and the most expensive property on the street.
When compared to the postcode district it is £99k less expensive than the average property in PL21.
The closest station to 3, Park Terrace, Ivybridge is Ivybridge station which is 1.6 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 3, Park Terrace, Ivybridge, 38.9% of property is socially rented and 29.9% is privately owned with a mortgage.
The graph below shows how this compares to South West 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 3, Park Terrace, Ivybridge, 16.6% 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 South West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 3, Park Terrace, Ivybridge, the average age was 43.1 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 3, Park Terrace, Ivybridge, 0.3% 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 3, Park Terrace, Ivybridge, 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.
