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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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Flat 1, 3-4, Old Palace Lane, Richmond is described in the public record as a period apartment with 247 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom with a garden.
Our estimate of the sale value of Flat 1, 3-4, Old Palace Lane, Richmond is £357,866 and its rental estimate is £1,423 per month, given the available information and assuming reasonable condition.
3, Old Palace Lane is a residential building on Old Palace Lane, Richmond, TW9 and falls within the TW9 postal district and the borough of Richmond upon Thames.
Flat 1, 3-4, Old Palace Lane, Richmond has no records in the the Land Registry and a single entry in the EPC database dated January 2023.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
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, 3-4, Old Palace Lane, Richmond, we estimate a market value of £375,759 and a rental value of £1,494 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £332,815 and £1,323 per month respectively.
Over the last year, Flat 1, 3-4, Old Palace Lane, Richmond has seen its estimated sale value drop by £912 (0.3%) and its estimated rental value rise by £76 per month (5.3%). This results in an estimated gross rental yield of 4.8%.
Flat 1, 3-4, Old Palace Lane, Richmond has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Jan 2023.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
Over the past 2 years 3 properties have sold within 650 metres of Flat 1, 3-4, Old Palace Lane, Richmond, per the Land Registry and our network of Estate Agents.
The latest, on the 22nd January 2021, was Flat 8, 3-4, Old Palace Lane, Richmond, TW9 1PG, a leasehold flat which sold for £452,500.
Read more about house prices in TW9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 45 addresses on Old Palace Lane, Richmond, TW9, Flat 1, 3-4, Old Palace Lane, Richmond comes out as the 45th largest and the 45th most expensive in our analysis of the public data.
It is also £337k less expensive than the average property across the TW9 district.
From Flat 1, 3-4, Old Palace Lane, Richmond, the nearest station is St Margarets (London), 900 metres away.
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 1, 3-4, Old Palace Lane, Richmond, 49.5% of property is privately owned outright and 27.3% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Flat 1, 3-4, Old Palace Lane, Richmond, 13.9% of residents are recorded as possessing school level qualifications and 72.4% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 1, 3-4, Old Palace Lane, Richmond, the average age was 40.3 and the most common age was 37.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Flat 1, 3-4, Old Palace Lane, Richmond, 11.5% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Flat 1, 3-4, Old Palace Lane, Richmond, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
