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According to the public record, Flat 8, 3-4, Old Palace Lane, Richmond is a period leasehold apartment with 301 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 8, 3-4, Old Palace Lane, Richmond is £418,986 and the estimated rental value is £1,666 per month.
The apartment is within 3, Old Palace Lane, Richmond, TW9.
Old Palace Lane, Richmond, TW9 is located in the borough of Richmond upon Thames within the TW9 postal district.
Flat 8, 3-4, Old Palace Lane, Richmond has 2 entries in the Land Registry , most recently in January 2021 and a single entry in the EPC database dated August 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
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 8, 3-4, Old Palace Lane, Richmond is in very good condition we estimate a sale value of £439,935 and a rental value of £1,749 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £389,657 and a rental value of £1,549 per month.
Over the last 12 months the sale value of Flat 8 3-4 Old Palace Lane Richmond has increased by an estimated £1,059 (0.3%) and its rental value has increased by an estimated £86 per month (5.1%), giving an expected gross yield of 4.8%.
Flat 8, 3-4, Old Palace Lane, Richmond has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Aug 2020.
The property is connected to mains gas and has full secondary glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Flat 8, 3-4, Old Palace Lane, Richmond was last sold on 22nd January 2021 for £452,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since January 2021, the market for similar properties has dropped 22.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, 3-4, Old Palace Lane, Richmond within a radius of 650 metres over the last 2 years.
The most recent example is Flat 16, 3-4, Old Palace Lane, Richmond, TW9 1PG, a leasehold flat which sold for £365,000 on the 15th November 2018.
Read more about house prices in TW9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Old Palace Lane, Richmond, TW9 has a total of 45 addresses. According to our analysis of all the public data, Flat 8, 3-4, Old Palace Lane, Richmond is the 40th largest and the 40th most expensive property on the street.
When compared to the postcode district it is £276k less expensive than the average property in TW9.
The closest station to Flat 8, 3-4, Old Palace Lane, Richmond is St Margarets (London) station which is 900 metres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 8, 3-4, Old Palace Lane, Richmond, 49.5% of property is privately owned outright and 27.3% is privately rented.
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 8, 3-4, Old Palace Lane, Richmond, 13.9% of residents are recorded as possessing school level qualifications and 72.4% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 8, 3-4, Old Palace Lane, Richmond, the average age was 40.3 and the most common age was 37.
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 8, 3-4, Old Palace Lane, Richmond, 11.5% 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 8, 3-4, Old Palace Lane, Richmond, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
