The Real Cost of Buying a First Home in Lyme Regis
A first purchase at the £509,500 Lyme Regis average needs about £69,725 in cash, made up of £50,950 deposit, £15,475 stamp duty with first time buyer relief, and roughly £3,300 in fees.
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
A first purchase at the £509,500 Lyme Regis average needs about £69,725 in cash, made up of £50,950 deposit, £15,475 stamp duty with first time buyer relief, and roughly £3,300 in fees.
What a first Lyme Regis purchase costs in cash
On the local average the deposit is £50,950, stamp duty is £15,475 and fees are near £3,300. Total cash needed is about £69,725.
The £509,500 average is above the £500,000 ceiling, so first time buyer relief does not apply. Stamp duty is the full £15,475. Rates are those in force from April 2025. Confirm the current position on gov.uk before you exchange.
Where the upfront cash goes
The commercial page for this town sets out the introduction itself: Mortgage advice in Lyme Regis.
What you can borrow against local incomes
Average prices above £500,000 mean first time buyer relief does not apply on a typical purchase here. Budget the full duty from the start.
Running costs from week one
Band D council tax in Dorset is £2,692 a year, which is £224 a month. Add energy, water, insurance and maintenance.
Protection belongs in the same budget. If the mortgage depends on two incomes, it depends on both people staying well enough to earn. That is the part of the purchase we advise on directly.
The Lyme Regis detail first buyers ask about
The schools families ask about here are The Woodroffe School, St Michael's CofE Primary Academy, Village primaries (nearby) and Further options (the area). 1 local school was rated Good or Outstanding overall at its most recent graded Ofsted inspection. Ratings age between inspections, so read the latest report before you rely on one.
On getting about: Lyme Regis is a remote, hilly corner of far-west Dorset with no station of its own, so realistic journey planning matters. These indicative times are a starting point, always verify current timetables.
By price, Lyme Regis ranks 1 of the 14 Dorset locations we cover, at £509,500 against a county average of £366,571.
What your money buys in Lyme Regis
The full local guide covers schools, transport and the market in detail: Lyme Regis property and area guide.
| Budget | What it buys here |
|---|---|
| Around £300,000 to £400,000 | Typically a flat or apartment (including seafront conversions), or a smaller terraced cottage, the most accessible way into the town, though check lease terms and any coastal exposure. |
| Around £450,000 to £600,000 | A period town house or cottage in or near the old town, or a comfortable semi or modern detached home on the higher ground, the heart of the local market. |
| £700,000 and above | Larger detached and sea-view houses, and the best positions on the hillside above the bay, the premium end, where the Cobb-and-coast views command a real premium. |
- A world-famous, beautiful seaside town
- The Cobb, the beach and the fossil coast on the doorstep
- A strong year-round community and culture
- A well-regarded secondary school (The Woodroffe School)
- Superb walking and the South West Coast Path
- Expensive, with a strong second-home market
- Coastal, river and landslip risk on the low ground and cliffs
- Remote, hilly and car-dependent; no mainline station
- Nearest full A&E is ~25 miles either way
- Busy and parking-tight in the summer season
Lyme Regis is known locally for Mary Anning (1799 to 1847), and Lyme Regis Museum & Fossil Festival. Born in Lyme, the pioneering fossil hunter who found the first ichthyosaur and plesiosaur skeletons and helped found the science of palaeontology, celebrated at the Lyme Regis Museum, on the site of her birthplace.
Practical detail for Lyme Regis: the DT7 postcode district.
Lyme Regis at a glance
| Upfront cost | Lyme Regis figure |
|---|---|
| Average price | £509,500 |
| Deposit at 10% | £50,950 |
| Stamp duty, first time buyer | £15,475 |
| Stamp duty, standard rate | £15,475 |
| Legal, survey and moving | £3,300 |
| Total cash needed | £69,725 |
| Monthly repayment illustration | £2,681 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Lyme Regis
Three details is all we need. You are told before anything is passed to a partner firm.
Your checklist
- Total cash of about £69,725, not just the deposit
- Your stamp duty position confirmed on gov.uk
- A first year running cost budget including £2,692 council tax
- Income protection quoted before completion, not after
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
Check broadband before you make an offer in Lyme Regis
Broadband speeds can vary street by street in Lyme Regis, so check the exact address before you commit. Ofcom's free checker shows which broadband speeds and mobile coverage are available at any UK property.
We can introduce you to a specialist who can combine your mobile, broadband and utilities into one bill. There's no fee for the introduction.
We don't provide these services ourselves. Switching household bills is not a regulated financial service, so FCA protections and the Financial Ombudsman do not apply. We'll only pass your details to the specialist if you ask us to. See our privacy notice.
Questions people ask
How much money do I need to buy a first home in Lyme Regis?
Do first time buyers pay stamp duty in Lyme Regis?
What is the biggest hidden cost?
How do I check broadband speed at a property in Lyme Regis?
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