Flat 1, 2
Flat 1, 2
Description & Estimates
Flat 1, 2, Friars Lane, Richmond is recorded publicly as a modern leasehold apartment across 559 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 1, 2, Friars Lane, Richmond is £600,339 and its rental estimate is £2,419 per month, given the available information and assuming reasonable condition.
2, Friars Lane is a residential building on Friars Lane, Richmond, TW9 and falls within the TW9 postal district and the borough of Richmond upon Thames.
Our Data Sources
Flat 1, 2, Friars Lane, Richmond has a single entry in the Land Registry from October 2024 and a single entry in the EPC database dated January 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium 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 Flat 1, 2, Friars Lane, Richmond, we estimate a market value of £630,356 and a rental value of £2,540 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £558,315 and £2,249 per month respectively.
Recent Market Change
Over the last year, Flat 1, 2, Friars Lane, Richmond has seen its estimated sale value move down by £13,870 (2.3%) and its estimated rental value increase by £94 per month (3.9%). This results in an estimated gross rental yield of 4.8%.
Energy Efficiency
Flat 1, 2, Friars Lane, Richmond has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 11 Jan 2024.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 1, 2, Friars Lane, Richmond completed on 18th October 2024 at £600,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 31.0% over the period since October 2024.
- Sold Oct 2024£600,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 1, 2, Friars Lane, Richmond have sold within a radius of 540 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 25th October 2024, was Flat 2, 2, Friars Lane, Richmond, TW9 1NL, a leasehold flat which sold for £625,000.
Read more about house prices in TW9.
- Sold Oct 2024£625,000 | 2 Bed FlatFlat 2, 2, Friars Lane, Richmond, TW9 1NLFlat 2, 2, Friars Lane, Richmond, TW9 1NL
- Sold Jun 2024£470,000 | 2 Bed FlatApartment 3, 9, George Street, Richmond, TW9 1JYApartment 3, 9, George Street, Richmond, TW9 1JY
- Sold May 2024£555,000 | 2 Bed FlatApartment 4, 9, George Street, Richmond, TW9 1JYApartment 4, 9, George Street, Richmond, TW9 1JY
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 71 addresses on Friars Lane, Richmond, TW9, Flat 1, 2, Friars Lane, Richmond comes out as the 67th largest and the 65th most expensive in our analysis of the public data.
It is also £95k less expensive than the average property across the TW9 district.
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Schools Nearby
- 500mDeer Park School
- 1.0kmThe Vineyard School
- 1.1kmSt Stephen's C E Primary School
- 1.4kmChrist's Church of England Comprehensive Secondary School
- 1.5kmOrleans Park School
- 1.8kmGumley House RC Convent School, FCJ
More reading links
Public Transport Nearby
From Flat 1, 2, Friars Lane, Richmond, the nearest station is Richmond (London), 400 metres away.
- 600mRichmond
- 600mRichmond (London)
- 1.0kmSt Margarets (London)
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
