2, Old Palace Terrace
2, Old Palace Terrace
Description & Estimates
2, Old Palace Terrace, Richmond appears in the public record as a freehold house sitting on a 140 m2 plot.
By comparing it to nearby properties, we estimate it to be a period house with 2,960 ft2 of internal area and a garden.
Locally, houses of this size normally have 6 bedrooms.
Our estimate of the sale value of 2, Old Palace Terrace, Richmond is £2,803,980 and its rental estimate is £10,651 per month, given the available information and assuming reasonable condition.
Old Palace Terrace, Richmond, TW9 falls within the TW9 postal district, in the borough of Richmond upon Thames.
Our Data Sources
2, Old Palace Terrace, Richmond has 21 entries in the Land Registry , most recently in April 2010 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 2, Old Palace Terrace, Richmond, we estimate a market value of £2,944,179 and a rental value of £11,183 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £2,607,702 and £9,905 per month respectively.
Recent Market Change
Over the last year, 2, Old Palace Terrace, Richmond has seen its estimated sale value decrease by £73,893 (2.6%) and its estimated rental value grow by £528 per month (5.0%). This results in an estimated gross rental yield of 4.6%.
Plot Size
HM Land Registry records the plot of land for 2, Old Palace Terrace, Richmond as measuring 140 m2.
That makes it the largest plot in the postcode, where all 6 other houses have recorded plot data.
Sold Prices
The most recent sale of 2, Old Palace Terrace, Richmond completed on 15th April 2010 at £1,750,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 6.9% over the period since April 2010.
- Sold Apr 2010£1,750,000
- Sold Nov 1999£1,100,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2, Old Palace Terrace, Richmond have sold within a radius of 500 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 9th January 2025, was 3, Ormond Road, Richmond, TW10 6TH, a freehold house which sold for £2,000,000.
Read more about house prices in TW9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 6 addresses on Old Palace Terrace, Richmond, TW9, 2, Old Palace Terrace, Richmond comes out as the largest and the most expensive in our analysis of the public data.
It is also £2.109m more expensive than the average property across the TW9 district.
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Schools Nearby
- 500mDeer Park School
- 1.0kmThe Vineyard School
- 1.2kmSt Elizabeth's Catholic Primary School
- 1.3kmChrist's Church of England Comprehensive Secondary School
- 1.5kmOrleans Park School
- 1.9kmGumley House RC Convent School, FCJ
More reading links
Public Transport Nearby
From 2, Old Palace Terrace, Richmond, the nearest station is Richmond (London), 400 metres away.
- 500mRichmond
- 500mRichmond (London)
- 1.1kmSt Margarets (London)
Available Internet Speeds
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
