Flat 16, 3-4
Flat 16, 3-4
Description & Estimates
Flat 16, 3-4, Old Palace Lane, Richmond is recorded publicly as a period leasehold apartment across 333 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of Flat 16, 3-4, Old Palace Lane, Richmond is £454,767 and its rental estimate is £1,808 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.
Our Data Sources
Flat 16, 3-4, Old Palace Lane, Richmond has a single entry in the Land Registry from December 2013 and a single entry in the EPC database dated March 2020.
We combine this information with that 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.
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 16, 3-4, Old Palace Lane, Richmond, we estimate a market value of £477,505 and a rental value of £1,898 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £422,933 and £1,681 per month respectively.
Recent Market Change
Over the last year, Flat 16, 3-4, Old Palace Lane, Richmond has seen its estimated sale value increase by £1,150 (0.3%) and its estimated rental value grow by £93 per month (5.1%). This results in an estimated gross rental yield of 4.8%.
Energy Efficiency
Flat 16, 3-4, Old Palace Lane, Richmond has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Mar 2020.
The property is connected to mains gas and has full secondary glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 16, 3-4, Old Palace Lane, Richmond completed on 16th December 2013 at £330,000 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 5.3% over the period since December 2013.
- Sold Dec 2013£330,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 16, 3-4, Old Palace Lane, Richmond have sold within a radius of 650 metres, 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.
- Sold Jan 2021£452,500 | 1 Bed Flat3-4, Old Palace LaneFlat 8, 3-4, Old Palace Lane, Richmond, TW9 1PG
- Sold Jun 2017£415,000 | 1 Bed Flat3-4, Old Palace LaneFlat 11, 3-4, Old Palace Lane, Richmond, TW9 1PG
- Sold Jan 2014£335,000 | 1 Bed Flat3-4, Old Palace LaneFlat 15, 3-4, Old Palace Lane, Richmond, TW9 1PG
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 45 addresses on Old Palace Lane, Richmond, TW9, Flat 16, 3-4, Old Palace Lane, Richmond comes out as the 34th largest and the 34th most expensive in our analysis of the public data.
It is also £240k less expensive than the average property across the TW9 district.
More reading links
Schools Nearby
- 600mDeer Park School
- 1.1kmSt Stephen's C E Primary School
- 1.1kmWorple Primary School
- 1.5kmOrleans Park School
- 1.6kmChrist's Church of England Comprehensive Secondary School
- 1.6kmGumley House RC Convent School, FCJ
More reading links
Public Transport Nearby
From Flat 16, 3-4, Old Palace Lane, Richmond, the nearest station is St Margarets (London), 900 metres away.
- 600mRichmond
- 700mRichmond (London)
- 1.0kmSt Margarets (London)
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
