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In this area, apartments of this size normally have 3 bedrooms with a balcony.
Flat 20, Orchid Lodge, Mitcham has an estimated sale value of £379,384 and an estimated rental value of £2,394 per month, assuming reasonable condition and based on the information available.
The apartment sits within Orchid Lodge, Talbot Close, Mitcham, CR4.
Talbot Close, Mitcham, CR4 lies in the borough of Merton, within the CR4 postal district.
Flat 20, Orchid Lodge, Mitcham has a single entry in the Land Registry from October 2012 and a single entry in the EPC database dated May 2012.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
In very good condition, we estimate Flat 20, Orchid Lodge, Mitcham would be worth £398,354, with a potential rental value of £2,513 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £352,827, with a rental value of £2,226 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of Flat 20, Orchid Lodge, Mitcham has declined by £11,137 (2.9%) over the last year. During the same period, its estimated monthly rental value has climbed by £75 (3.1%). The property's estimated gross yield is currently 7.6%.
Flat 20, Orchid Lodge, Mitcham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 10 May 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Community scheme.
Flat 20, Orchid Lodge, Mitcham last changed hands on 26th October 2012, selling for £232,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 37.6% since October 2012.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 650 metres of Flat 20, Orchid Lodge, Mitcham across the last 2 years.
Most recently, Flat 1, Orchid Lodge, Talbot Close, Mitcham, CR4 1FD, a leasehold flat, sold at £332,500 on the 6th May 2022.
Read more about house prices in CR4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks Flat 20, Orchid Lodge, Mitcham as the 12th largest and the 9th most expensive of the 212 addresses on Talbot Close, Mitcham, CR4.
Against the CR4 postcode district average, it is £13k less expensive than the typical property.
Mitcham Junction station is the nearest stop to Flat 20, Orchid Lodge, Mitcham at 1.0 kilometres away.
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Environment Agency data suggests this area has a very low risk of flooding.
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The recent census recorded whether a resident owned or rented their home.
In the area around Flat 20, Orchid Lodge, Mitcham, % of property is and % is .
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 20, Orchid Lodge, Mitcham, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 20, Orchid Lodge, Mitcham, 0.0% 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 20, Orchid Lodge, Mitcham, there are an average of 0.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.