# 3 bedroom apartment for sale (DT7 3JE) ## Property Details | Key | Value | |-----|-------| | Address | FLAT 2, THE ALCOVE, MARINE PARADE, LYME REGIS, DORSET DT7 3JE | | Price | £350,000 | | Bedrooms | 3 | | Last sold | £671,075 Dec 2022 | ## Description A unique opportunity to acquire a three/four bedroom top floor apartment situated right on the Marine Parade directly overlooking the beach and sea with spectacular uninterrupted views over Lyme Bay, The Cobb and the Dorset coastline. The location offers all the advantages of a sea front position and yet close to the town centre with all its shops and amenities. The accommodation briefly comprises living/dining room, a dual aspect room with views to the Cobb, across the sea front and to Portland Bill in the opposite direction, kitchen/breakfast room, 3 bedrooms, utility room/bedroom 4, family bathroom and small enclosed rear courtyard. The location and accommodation of this apartment makes it ideally suited as a holiday home / holiday let. Lyme Regis is famed for its many historic connections and character buildings, and of course, for its well known Cobb Harbour. As a resort, it is considered quite unspoilt, but has most of the shops and amenities that one could require, in addition to which there are numerous leisure activities including both sailing and power boat clubs, a cliff top golf course and a bowling club. The whole coastline with Lyme Regis and Charmouth at its centre has recently been designated a World Heritage Site (nicknamed the Jurassic Coast), putting it in the same category as the Grand Canyon. It lies approximately 5 miles from the market town of Axminster, with its main line railway connections to Waterloo (Approx. 2 3/4 hours). Taunton and Exeter are within a radius of about 30 miles with access to the M5 motorway and the county town of Dorchester is a similar distance. Locally there are primary schools in Lyme Regis and Uplyme along with the well respected Woodroffe and Colyton Grammar Schools. DIRECTIONS: From our Lyme Regis TEAM office, proceed down Broad Street into Bridge Street. The property will be found on the right hand side prior to the traffic lights. The Alcove is situated at the Eastern end of the Marine Parade. The accommodation,with approximate measurements, comprises: Steps rise to: FRONT ENTRANCE DOOR TO ENTRANCE HALLWAY : Stairs with wrought iron banister rising to HALLWAY : Door with glazed panel and large window to the side opens to enclosed COURTYARD at rear. LOUNGE/DINING ROOM: 22'3" x 13'9" (6.78m x 4.19m). Double aspect with bay windows to the front with seating and window to the side providing spectacular views over Lyme Bay, West Dorset coastline, Marine Parade and The Cobb harbour. Power points and TV point. KITCHEN/BREAKFAST ROOM: 13' x 9'3" (3.96m x 2.82m). Fitted with a range of white fitted units comprising of base cupboards, drawers and matching wall cupboards. Display cupboards with leaded glass doors. Marble effect work surface with inset stainless steal single drainer sink unit. Tiled surrounds. Concealed lighting. Bay window with views over Lyme Bay and West Dorset coastline. BEDROOM ONE: 15'4" x 10'9" (4.67m x 3.28m). With bay window over looking Lyme Bay and West Dorset coastline. Fitted wardrobe with storage cupboards above, housing wash hand basin unit. Telephone point. TV point. BEDROOM TWO: 15' x 9'3" (4.57m x 2.82m). Large picture window with views over Lyme Bay and West Dorset coastline. BEDROOM THREE/STUDY: at rear 8'4" x 8'9" (2.54m x 2.67m). Window overlooking rear courtyard. Fitted wardrobe with storage cupboards. UTILITY/BEDROOM FOUR 14'4" x 7' 7" (4.37m x 2.31m ). Previously used as bedroom four. Space and plumbing for washing machine. Gas boiler supplying central heating and hot water. BATHROOM: Fitted white suite comprising bath with taps. Independent electric shower over with fitted glass shower door. Wash hand basin with mirrored cabinet, shaver light and point. WC. Fully tiled walls. SERVICES: All mains services are connected to the building. Gas fired central heating. TENURE: Leasehold. LOCAL AUTHORITY: West Dorset District Council. AGENTS NOTE: Please note that the floor plan below is not to scale and is to be used for identification purposes only. ## Property Photos - ![Views](/listings/photos/24688676/554911) - Views - ![Views](/listings/photos/24688676/554912) - Views - ![Living room](/listings/photos/24688676/554913) - Living room - ![Kitchen](/listings/photos/24688676/554914) - Kitchen - ![Front of property](/listings/photos/24688676/554915) - Front of property ## Floorplans - ![Floorplan 1](/listings/photos/24688676/554916) - Floorplan 1 ## EPC Graphs - ![EPC 1](/listings/photos/24688676/554917) - EPC 1 ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | THE ALCOVE FLAT 2 MARINE PARADE, LYME REGIS, DORSET, DT7 3JE | £671,075 | 16/12/2022 | Flat | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | HOLMCROFT, 24 FLAT 8 BROAD STREET, LYME REGIS, DORSET, DT7 3QE | £500,000 | 01/08/2025 | Flat | | [Same street] SUNNYBANK 1 MARINE PARADE, LYME REGIS, DORSET, DT7 3JE | £560,000 | 02/11/2023 | Semi-detached | | 56 JASPER BROAD STREET, LYME REGIS, DORSET, DT7 3QF | £265,000 | 30/03/2023 | Flat | | 32A BROAD STREET, LYME REGIS, DORSET, DT7 3QE | £146,000 | 11/10/2022 | Flat | | THE BAY APARTMENTS 8 MARINE PARADE, LYME REGIS, DORSET, DT7 3JQ | £470,000 | 30/09/2022 | Flat | | [Same street] ARGYLE HOUSE, 11 FLAT 1 MARINE PARADE, LYME REGIS, DORSET, DT7 3JE | £525,000 | 03/08/2022 | Other | | PYNE HOUSE FLAT 1 BROAD STREET, LYME REGIS, DORSET, DT7 3QD | £320,000 | 28/07/2022 | Flat | | [Same street] THE OLD BOAT HOUSE FLAT 2 MARINE PARADE, LYME REGIS, DORSET, DT7 3JE | £395,000 | 30/06/2022 | Flat | | 21D BROAD STREET, LYME REGIS, DORSET, DT7 3QE | £325,000 | 22/06/2022 | Flat | | HAYDEN OPTICIAN, 52 BROAD STREET, LYME REGIS, DORSET, DT7 3QF | £100,000 | 25/04/2022 | Flat | | 44 - 45 FLAT 3 COOMBE STREET, LYME REGIS, DORSET, DT7 3PY | £180,000 | 25/04/2022 | Flat | | 21A BROAD STREET, LYME REGIS, DORSET, DT7 3QE | £345,000 | 11/04/2022 | Flat | | 26 FLAT 1 BROAD STREET, LYME REGIS, DORSET, DT7 3QE | £335,000 | 04/02/2022 | Flat | | 56 BOTTOM FLAT BROAD STREET, LYME REGIS, DORSET, DT7 3QF | £125,000 | 10/01/2022 | Flat | | 15C BROAD STREET, LYME REGIS, DORSET, DT7 3QE | £350,000 | 14/12/2021 | Flat | | 36 FLAT 1 BROAD STREET, LYME REGIS, DORSET, DT7 3QF | £246,500 | 30/09/2021 | Flat | | PITT HOUSE FLATS 2 BROAD STREET, LYME REGIS, DORSET, DT7 3QF | £215,000 | 10/09/2021 | Flat | **Street average:** £493,333 (3 sales) **Area average:** £280,179 (14 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £317,494 (8 Flat, DT7, 2024–2026) - **Deviation:** +10.2% ## Rental Range *ONS Price Index of Private Rents (Dorset). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £935/mo - **Realistic:** £1,039/mo - **Optimistic:** £1,143/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Mid & West Dorset (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £898/mo ## 1% Rule - **Rent ratio:** 0.3% (weak for cashflow) - **Max investor price (0.8%):** £129,875 - **Target investor price (1%):** £103,900 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on Area rent estimate.* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 61% - **10y growth:** 91.8% ## House Price Index (HM Land Registry) *Official index for Dorset; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** -5.3% - **5y growth (index):** 0.9% - **10y growth (index):** 15.7% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)