Stay up to date
Stay up to date
Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
  | Â
VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
Connect me with
an Estate Agent
Our partner Agents appear here!
Book a demo
Find an Estate
Agent
Flat 22, Orchid Lodge, Mitcham is recorded publicly as a modern leasehold apartment across 505 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony.
Our estimate of the sale value of Flat 22, Orchid Lodge, Mitcham is £245,365 and its rental estimate is £1,519 per month, given the available information and assuming reasonable condition.
Orchid Lodge, Talbot Close is a residential building on Talbot Close, Mitcham, CR4 and falls within the CR4 postal district and the borough of Merton.
Flat 22, Orchid Lodge, Mitcham has a single entry in the Land Registry from July 2016 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.
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 22, Orchid Lodge, Mitcham, we estimate a market value of £257,633 and a rental value of £1,595 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £228,189 and £1,413 per month respectively.
Over the last year, Flat 22, Orchid Lodge, Mitcham has seen its estimated sale value fall by £5,123 (2.1%) and its estimated rental value move up by £62 per month (4.1%). This results in an estimated gross rental yield of 7.4%.
Flat 22, Orchid Lodge, Mitcham has an Energy Performance Rating (EPC) of C. 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.
The most recent sale of Flat 22, Orchid Lodge, Mitcham completed on 18th July 2016 at £258,000 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 0.4% over the period since July 2016.
Over the past 2 years 3 properties similar to Flat 22, Orchid Lodge, Mitcham have sold within a radius of 650 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 25th August 2023, was Flat 24, Orchid Lodge, Talbot Close, Mitcham, CR4 1FD, a leasehold flat which sold for £244,000.
Read more about house prices in CR4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 212 addresses on Talbot Close, Mitcham, CR4, Flat 22, Orchid Lodge, Mitcham comes out as the 197th largest and the 176th most expensive in our analysis of the public data.
It is also £147k less expensive than the average property across the CR4 district.
From Flat 22, Orchid Lodge, Mitcham, the nearest station is Mitcham Junction, 1.0 kilometres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast 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 22, 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 22, 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 22, 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 22, 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.
