Flat 24, Orchid Lodge
Flat 24, Orchid Lodge
Description & Estimates
Public records show Flat 24, Orchid Lodge, Mitcham to be a modern leasehold apartment with 505 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms with a balcony.
Flat 24, Orchid Lodge, Mitcham has an estimated sale value of £245,365 and an estimated rental value of £1,519 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.
Our Data Sources
Flat 24, Orchid Lodge, Mitcham has 2 entries in the Land Registry , most recently in August 2023 and a single entry in the EPC database dated April 2023.
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.
Price Range & Condition
In very good condition, we estimate Flat 24, Orchid Lodge, Mitcham would be worth £257,633, with a potential rental value of £1,595 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £228,189, with a rental value of £1,413 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 24, Orchid Lodge, Mitcham has decreased by £5,123 (2.1%) over the last year. During the same period, its estimated monthly rental value has grown by £62 (4.1%). The property's estimated gross yield is currently 7.4%.
Energy Efficiency
Flat 24, Orchid Lodge, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Apr 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Community scheme.
Sold Prices
Flat 24, Orchid Lodge, Mitcham last changed hands on 25th August 2023, selling for £244,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has dropped by 1.5% since August 2023.
- Sold Aug 2023£244,000
- Sold Oct 2012£165,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 650 metres of Flat 24, Orchid Lodge, Mitcham across the last 2 years.
Most recently, Flat 25, Orchid Lodge, Talbot Close, Mitcham, CR4 1FD, a leasehold flat, sold at £245,000 on the 18th January 2019.
Read more about house prices in CR4.
- Sold Jan 2019£245,000 | 2 Bed FlatOrchid Lodge, Talbot CloseFlat 25, Orchid Lodge, Talbot Close, Mitcham, CR4 1FD
- Sold Jul 2016£258,000 | 2 Bed FlatOrchid Lodge, Talbot CloseFlat 22, Orchid Lodge, Talbot Close, Mitcham, CR4 1FD
- Sold Nov 2012£160,000 | 2 Bed FlatOrchid Lodge, Talbot CloseFlat 15, Orchid Lodge, Talbot Close, Mitcham, CR4 1FD
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks Flat 24, Orchid Lodge, Mitcham as the 196th largest and the 175th most expensive of the 212 addresses on Talbot Close, Mitcham, CR4.
Against the CR4 postcode district average, it is £147k less expensive than the typical property.
More reading links
Schools Nearby
- 200mThe Sherwood School
- 800mHarris Primary Academy Merton
- 900mWilliam Morris Primary School
- 800mHarris Academy Merton
- 1.1kmThe Archbishop Lanfranc Academy
- 1.2kmSt Mark's Church of England Academy
More reading links
Public Transport Nearby
Mitcham Junction station is the nearest stop to Flat 24, Orchid Lodge, Mitcham at 1.0 kilometres away.
- 1.0kmMitcham Junction
- 1.4kmMitcham Eastfields
- 2.2kmNorbury
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
