Flat 26, Orchid Lodge
Flat 26, Orchid Lodge
Description & Estimates
Flat 26, Orchid Lodge, Mitcham is recorded publicly as a modern leasehold apartment across 710 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony.
Our estimate of the sale value of Flat 26, Orchid Lodge, Mitcham is £291,528 and its rental estimate is £1,792 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.
Our Data Sources
Flat 26, Orchid Lodge, Mitcham has 2 entries in the Land Registry , most recently in August 2014 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
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 26, Orchid Lodge, Mitcham, we estimate a market value of £306,105 and a rental value of £1,882 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £271,121 and £1,667 per month respectively.
Recent Market Change
Over the last year, Flat 26, Orchid Lodge, Mitcham has seen its estimated sale value drop by £6,087 (2.1%) and its estimated rental value rise by £73 per month (4.1%). This results in an estimated gross rental yield of 7.4%.
Energy Efficiency
Flat 26, 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
The most recent sale of Flat 26, Orchid Lodge, Mitcham completed on 15th August 2014 at £250,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 28.1% over the period since August 2014.
- Sold Aug 2014£250,000
- Sold Dec 2012£210,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 26, 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 6th September 2024, was Flat 27, Orchid Lodge, Talbot Close, Mitcham, CR4 1FD, a leasehold flat which sold for £270,000.
Read more about house prices in CR4.
- Sold Sep 2024£270,000 | 2 Bed FlatOrchid Lodge, Talbot CloseFlat 27, Orchid Lodge, Talbot Close, Mitcham, CR4 1FD
- Sold Jun 2024£297,500 | 2 Bed FlatOrchid Lodge, Talbot CloseFlat 5, Orchid Lodge, Talbot Close, Mitcham, CR4 1FD
- Sold Jun 2022£284,000 | 2 Bed FlatOrchid Lodge, Talbot CloseFlat 23, Orchid Lodge, Talbot Close, Mitcham, CR4 1FD
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 212 addresses on Talbot Close, Mitcham, CR4, Flat 26, Orchid Lodge, Mitcham comes out as the 112th largest and the 103rd most expensive in our analysis of the public data.
It is also £101k less expensive than the average property across the CR4 district.
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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
From Flat 26, Orchid Lodge, Mitcham, the nearest station is Mitcham Junction, 1.0 kilometres away.
- 1.0kmMitcham Junction
- 1.4kmMitcham Eastfields
- 2.2kmNorbury
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
