According to the public record, Flat 1, Orchid Lodge, Mitcham is a modern leasehold apartment with 979 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Orchid Lodge, Talbot Close, Mitcham, CR4.
Talbot Close, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
Flat 1, Orchid Lodge, Mitcham has 3 entries in the Land Registry database, most recently in May 2022 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.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 1 Orchid Lodge Mitcham as £354,708 and the rental value as £2,171 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of Flat 1 Orchid Lodge Mitcham has increased by £2,715 (0.8%) and its rental value has increased by £56 per month (2.6%).
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 1, Orchid Lodge, Mitcham is in very good condition we estimate a sale value of £372,443 and rental value of £2,280 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £329,878 and a rental value of £2,019 per month.
If you were able to purchase this property for the estimated value of £354,708, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,743 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, Flat 1, Orchid Lodge, Mitcham was last sold on 06 May 2022 for £332,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since May 2022, the market for similar properties has dropped 2.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Orchid Lodge, Mitcham within a radius of 640 metres over the last 2 years.
The most recent example is Flat 1, Clover Lodge, Talbot Close, Mitcham, CR4 1FE, a Leasehold flat which sold for £370,000 in Feb 2022.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Talbot Close, Mitcham, CR4 has a total of 212 addresses. According to our analysis of all the public data, Flat 1, Orchid Lodge, Mitcham is the 38th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £40k less expensive than the average property in CR4.
Flat 1, 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 a community scheme.
The closest station to Flat 1, Orchid Lodge, Mitcham is Mitcham Junction station which is 1.0 kilometres away.
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 1, Orchid Lodge, Mitcham, 41.7% of property is privately owned outright and 41.7% is privately owned with a mortgage.
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 1, Orchid Lodge, Mitcham, 17.5% of residents are recorded as possessing school level qualifications and 37.1% 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 1, Orchid Lodge, Mitcham, the average age was 35.1 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 1, 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 1, Orchid Lodge, Mitcham, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.