Garden Flat, Magdala House
Garden Flat, Magdala House
Description & Estimates
According to the public record, Garden Flat, Magdala House, Salcombe is a period leasehold apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for Garden Flat, Magdala House, Salcombe is £575,408 and the estimated rental value is £2,825 per month.
The apartment is within Magdala House, Devon Road, Salcombe, TQ8.
Devon Road, Salcombe, TQ8 is located in the borough of South Hams within the TQ8 postal district.
Our Data Sources
Garden Flat, Magdala House, Salcombe has 21 entries in the Land Registry , most recently in December 2016 and a single entry in the EPC database dated August 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 Garden Flat, Magdala House, Salcombe is in very good condition we estimate a sale value of £604,178 and a rental value of £2,966 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £535,129 and a rental value of £2,627 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Garden Flat, Magdala House, Salcombe has declined by £16,160 (2.8%), while its estimated rental value has climbed by £141 per month (5.0%). Based on current estimates, the property offers a gross rental yield of 5.9%.
Energy Efficiency
Garden Flat, Magdala House, Salcombe has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 24 Aug 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
According to HM Land Registry, Garden Flat, Magdala House, Salcombe was last sold on 12th December 2016 for £475,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since December 2016, the market for similar properties has risen by 13.6%.
- Sold Dec 2016£475,000
- Sold Sep 2001£125,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Garden Flat, Magdala House, Salcombe within a radius of 1.5 kilometres over the last 2 years.
The most recent example is Flat 43, The Salcombe , Fore Street, Salcombe, TQ8 8JG, a leasehold flat which sold for £500,000 on the 26th July 2024.
Read more about house prices in TQ8.
- Sold Jul 2024£500,000 | 2 Bed FlatThe Salcombe , Fore StreetFlat 43, The Salcombe , Fore Street, Salcombe, TQ8 8JG
- Sold Dec 2020£500,000 | 2 Bed FlatGlenthorne, Devon RoadFlat 2, Glenthorne, Devon Road, Salcombe, TQ8 8HQ
- Sold Nov 2015£350,000 | 2 Bed FlatGlenthorne, Devon RoadFlat 6, Glenthorne, Devon Road, Salcombe, TQ8 8HQ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Devon Road, Salcombe, TQ8 has a total of 153 addresses. According to our analysis of all the public data, Garden Flat, Magdala House, Salcombe is the 123rd largest and the 112th most expensive property on the street.
When compared to the postcode district it is £326k less expensive than the average property in TQ8.
More reading links
Schools Nearby
- 600mSalcombe Church of England Primary School
- 3.3kmMalborough with South Huish Church of England Primary School
- 3.9kmCharleton Church of England Academy
- 4.9kmKingsbridge Academy
- 20.2kmIvybridge Community College
- 22.9kmKing Edward VI Community College
More reading links
Public Transport Nearby
The closest station to Garden Flat, Magdala House, Salcombe is Ivybridge station, which is 19.9 kilometres away.
- 19.9kmIvybridge
- 22.8kmTotnes
- 26.3kmPaignton
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
