Flat 25, Orchid Lodge
Flat 25, Orchid Lodge
Description & Estimates
According to the public record, Flat 25, Orchid Lodge, Mitcham is a modern leasehold apartment with 505 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 25, Orchid Lodge, Mitcham is £245,365 and the estimated rental value is £1,519 per month.
The apartment is within Orchid Lodge, Talbot Close, Mitcham, CR4.
Talbot Close, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
Our Data Sources
Flat 25, Orchid Lodge, Mitcham has 2 entries in the Land Registry , most recently in January 2019 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.
Price Range & Condition
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 25, Orchid Lodge, Mitcham is in very good condition we estimate a sale value of £257,633 and a rental value of £1,595 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £228,189 and a rental value of £1,413 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 25, Orchid Lodge, Mitcham has declined by £5,123 (2.1%), while its estimated rental value has climbed by £62 per month (4.1%). Based on current estimates, the property offers a gross rental yield of 7.4%.
Energy Efficiency
Flat 25, 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.
Sold Prices
According to HM Land Registry, Flat 25, Orchid Lodge, Mitcham was last sold on 18th January 2019 for £245,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since January 2019, the market for similar properties has risen by 3.8%.
- Sold Jan 2019£245,000
- Sold Sep 2012£168,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 25, Orchid Lodge, Mitcham within a radius of 650 metres over the last 2 years.
The most recent example is Flat 24, Orchid Lodge, Talbot Close, Mitcham, CR4 1FD, a leasehold flat which sold for £244,000 on the 25th August 2023.
Read more about house prices in CR4.
- Sold Aug 2023£244,000 | 2 Bed FlatOrchid Lodge, Talbot CloseFlat 24, 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.
More reading links
Location Comparison
Talbot Close, Mitcham, CR4 has a total of 212 addresses. According to our analysis of all the public data, Flat 25, Orchid Lodge, Mitcham is the 195th largest and the 174th most expensive property on the street.
When compared to the postcode district it is £147k less expensive than the average property in CR4.
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
The closest station to Flat 25, Orchid Lodge, Mitcham is Mitcham Junction station, which is 1.0 kilometres away.
- 1.0kmMitcham Junction
- 1.4kmMitcham Eastfields
- 2.2kmNorbury
Available Internet Speeds
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
