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According to the public record, Flat 4, Melbury, Salcombe is a modern leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 4, Melbury, Salcombe is £277,090 and the estimated rental value is £2,042 per month.
The apartment is within Melbury, Devon Road, Salcombe, TQ8.
Devon Road, Salcombe, TQ8 is located in the borough of South Hams within the TQ8 postal district.
Flat 4, Melbury, Salcombe has 31 entries in the Land Registry , most recently in May 2017 and a single entry in the EPC database dated May 2013.
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.
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 Flat 4, Melbury, Salcombe is in very good condition we estimate a sale value of £290,944 and a rental value of £2,144 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £257,694 and a rental value of £1,899 per month.
Over the last 12 months the sale value of Flat 4 Melbury Salcombe has decreased by an estimated £7,587 (2.7%) and its rental value has increased by an estimated £104 per month (5.1%), giving an expected gross yield of 8.8%.
Flat 4, Melbury, Salcombe has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 May 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Flat 4, Melbury, Salcombe was last sold on 26th May 2017 for £275,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since May 2017, the market for similar properties has risen 20.9%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Flat 4, Melbury, Salcombe within a radius of 1.2 kilometres over the last 2 years.
The most recent example is Flat 1, Camperdown Lodge, Camperdown Road, Salcombe, TQ8 8AU, a leasehold flat which sold for £360,000 on the 29th September 2023.
Read more about house prices in TQ8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Devon Road, Salcombe, TQ8 has a total of 153 addresses. According to our analysis of all the public data, Flat 4, Melbury, Salcombe is the 146th largest and the 148th most expensive property on the street.
When compared to the postcode district it is £625k less expensive than the average property in TQ8.
The closest station to Flat 4, Melbury, Salcombe is Ivybridge station which is 20.0 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 Flat 4, Melbury, Salcombe, 67.4% of property is privately owned outright and 18.6% 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 Flat 4, Melbury, Salcombe, 2.1% of residents are recorded as possessing school level qualifications and 55.7% 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 Flat 4, Melbury, Salcombe, the average age was 50.9 and the most common age was 62.
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 Flat 4, Melbury, Salcombe, 8.8% 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 Flat 4, Melbury, Salcombe, there are an average of 1.4 cars per household.
See below for how this compares to South West and the rest of England & Wales.
