Lyme Regis

Area Guide For Lyme Regis

Lyme Regis is a seaside town in West Dorset, England, arranged 25 miles (40 km) west of Dorchester and 25 miles (40 km) east of Exeter. The town lies in Lyme Bay, on the English Channel coast at the Dorset–Devon outskirt. It is nicknamed "The Pearl of Dorset." The town is noted for the fossils found in the bluffs and shorelines, which are a piece of the Heritage Coast—referred to monetarily as the Jurassic Coast—a World Heritage Site. The harbor divider, known as "The Cobb", emphasizes in Jane Austen's novel Persuasion, and in The French Lieutenant's Woman, a novel by British author John Fowles, and the 1981 film of the same name.

 
 

Lyme Regis Map

Estimated Price: £366,514
Average Asking Price: £395,275
Price change in last one year: £9,314
Average Price Paid: £335,917
Average Rent Rates: £2,321

 
 

Property Prices Breakdown in Lyme Regis

Average Price for property in Lyme Regis is around £366,514 which varies based on type of property you are interested in and ranges from £478,520 for detached house to around £288,187 for semi-detached. Similarly terraced house is around £281,820 and a flat is worth £210,607. Values have been changing and have risen £5,591 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £13,993 in last 6 months, £9,314 in last 1 year, £12,135 in last 2 years, £12,376 in last 3 years, £31,387 in last 4 years and £21,306 in last 5 years.

Currently average asking price of a property in Lyme Regis is around £395,275 based on approximately 123 properties for sale. Same is the case with rental options based on 10 properties up for rent, average asking rent is around £2,321 per month.

Estimated property value in Lyme Regis is £366,514. Average asking price is £395,275 while average price paid is £322,107 which is up by £9,314 and Avg. asking rent £2,321.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Lyme Regis area. In last 1 year alone average price buyer paid is around £322,107 based on approximately 123 sales in Lyme Regis area alone. If you compare it to last 3 years sales of 339 properties where buyers paid around £325,424. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £335,917 for 556 and average amount paid for purchase of approx. 777 properties sold in last 7 years comes to about £327,076 per sale.

 
 

Properties For Sale in Lyme Regis

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £263,748, £347,302 for a 3 bedroom house, £551,302 for a 4 bedroom house and £634,983 for a 5 bedroom house. For a flat similarly the prices varies from £172,238 for a single bedroom to £226,048 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £456,650. To sum up the asking prices for properties in Lyme Regis it comes to around average £172,238 for 1 bedroom property, £244,898 for 2 bedroom, £362,924 for 3 bedroom, £551,302 for 4 bedroom and £634,983 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £997 for 2 bedroom to £3,701 for 3 bedroom, £1,101 for 4 bedroom and £5,584 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £524. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £675. You should be generally be expecting around average £524 rent per month for single bedroom property, £755 for 2 bedroom, £3,700 for 3 bedroom, £1,101 for 4 bedroom and approximately £5,584 for a 5 bedroom property in Lyme Regis area.

Popular Houses in Lyme Regis

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Sold Properties in Lyme Regis

Browse by Streets in Lyme Regis

Browse by Outcodes in Lyme Regis