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Pine Ridge, Lyme Regis

South West

£350,000

Listed on 04/06/2026

Property Details

Bedrooms
10
Type
Plot

Description

This is a unique opportunity to acquire a building plot with approved planning permission for the development of either one or two impressive five-bedroom detached homes, positioned at an advantageous elevation in Lyme Regis. The site, situated on the outskirts of the desirable Monmouth Park development, allows for substantial residential construction that could cater to family needs or serve as lucrative rental properties. The proposed design includes spacious layouts featuring open-plan kitchen/dining areas, a utility room, a living room, an office space, and a cloakroom on the ground floor. The upper level offers five well-proportioned double bedrooms—two of which boast ensuite shower facilities—alongside a family bathroom. Additionally, each house will benefit from allocated parking and an integrated garage. Located within walking distance of the vibrant town center of Lyme Regis, known for its scenic period architecture and popular attractions such as the Cobb and harbour, this plot presents significant investment potential in a sought-after coastal area. Local amenities include independent shops, diverse dining options, and access to beautiful beaches suitable for families. Furthermore, the nearby market town of Axminster enhances convenience with its regular market and mainline train service to London Waterloo. Site services including electricity, mains drainage, water supply, gas connections, and telecommunications are reportedly available on-site. This plot not only offers immediate opportunities for homebuilders but also represents an attractive option for investors looking to capitalize on the growing demand for quality housing in Lyme Regis.

Investment Analysis

(DT7 area)
Area Average
£416/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £450,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
4
Average per month
Market Turnover
3%
Properties sold annually

Local Market Trend (DT7)

Area prices are rising by +3.0% over the last 12 months
3 year growth: +4.2%
5 year growth: +16.7%
Investment Disclaimer: Analysis based on DT7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Pine Ridge, Lyme Regis
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,322
Based on a loan of £262,500 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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