3 Bed Terraced House, Refurb/BRRR, CR7 7PS, £475,000

61 Langdale Road, Thornton Heath, Greater London, CR7 7PS - 3 views - 10 months ago

Refurb/BRRR

ROI: 1%

~93 m²

+8 photos

ValuationOvervalued

Sold Prices	£330K - £600K
Sold Prices/m²	£3.2K/m² - £6.4K/m²

Square Metres	~93 m²
Price/m²	£5.1K/m²
Value Estimate	£391,121£391,121

End Value (After Refurb)	£470,000£470,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£118,750£118,750
Stamp Duty & Legal Fees	£26,700£26,700
Refurb Costs	£49,200£49,200
Bridging Loan Interest	£12,469£12,469
Total Cash In	£208,869£208,869

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£470,000£470,000
Mortgage (After Refinance)	£352,500£352,500
Mortgage LTV	75%75%
Cash Left In	£208,869£208,869
Equity	£117,500£117,500
Rent Range	£1,700 - £3,300£1,700 - £3,300
Rent Estimate	£2,057
Running Costs/mo	£1,900£1,900
Cashflow/mo	£157£157
Cashflow/yr	£1,882£1,882
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £330K to £600K, average is £436.5K. £3.2K/m² to £6.4K/m², average is £4.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£500K	03/21	0.04 mi	9, Langdale Road, Thornton Heath, Greater London CR7 7PS	-	-	3	Terraced House
£460K	09/21	0.04 mi	19, Langdale Road, Thornton Heath, Greater London CR7 7PS	-	-	3	Terraced House
£425K	01/21	0.08 mi	45, Malvern Road, Thornton Heath, Greater London CR7 7LW	£5,313	80	3	Semi-Detached House
£400K	06/21	0.09 mi	42, Malvern Road, Thornton Heath, Greater London CR7 7LQ	-	-	3	Terraced House
£335K	06/21	0.13 mi	49, Wiltshire Road, Thornton Heath, Greater London CR7 7QP	-	-	3	Terraced House
£416K	12/20	0.15 mi	46, Oaklands Avenue, Thornton Heath, Greater London CR7 7PH	-	-	3	Terraced House
£455K	03/21	0.15 mi	8, Oaklands Avenue, Thornton Heath, Greater London CR7 7PH	£4,691	97	3	Terraced House
£405K	03/21	0.15 mi	75, Stratford Road, Thornton Heath, Greater London CR7 7QL	-	-	3	Terraced House
£375K	03/21	0.16 mi	25, Maplethorpe Road, Thornton Heath, Greater London CR7 7LZ	£3,827	98	3	Terraced House
£337K	03/21	0.16 mi	58, Beverstone Road, Thornton Heath, Greater London CR7 7LT	-	-	3	Terraced House
£382.5K	12/20	0.16 mi	20, Wiltshire Road, Thornton Heath, Greater London CR7 7QN	-	-	3	Detached House
£398.5K	12/22	0.17 mi	26, Wiltshire Road, Thornton Heath, Greater London CR7 7QN	-	-	3	Terraced House
£395K	06/21	0.17 mi	56, Beechwood Avenue, Thornton Heath, Greater London CR7 7DZ	£4,759	83	3	Terraced House
£368K	05/21	0.17 mi	42, Beechwood Avenue, Thornton Heath, Greater London CR7 7DZ	-	-	3	Terraced House
£432K	07/21	0.17 mi	57, Dovercourt Avenue, Thornton Heath, Greater London CR7 7LJ	£3,200	135	3	Terraced House
£485K	03/23	0.19 mi	26, Linden Avenue, Thornton Heath, Greater London CR7 7DU	-	-	3	Terraced House
£410K	07/23	0.2 mi	17, Goston Gardens, Thornton Heath, Greater London CR7 7NR	£5,395	76	3	Terraced House
£430K	12/20	0.21 mi	28, Totton Road, Thornton Heath, Greater London CR7 7QR	£3,874	111	3	Terraced House
£385K	05/21	0.21 mi	52, Totton Road, Thornton Heath, Greater London CR7 7QR	£4,873	79	3	Terraced House
£600K	06/23	0.21 mi	80, Totton Road, Thornton Heath, Greater London CR7 7QR	£5,607	107	3	Semi-Detached House
£460K	09/21	0.21 mi	72, Warwick Road, Thornton Heath, Greater London CR7 7NE	-	-	3	Semi-Detached House
£390K	05/21	0.21 mi	41, Foxley Road, Thornton Heath, Greater London CR7 7DX	£4,462	87	3	Terraced House
£455K	06/23	0.21 mi	39, Foxley Road, Thornton Heath, Greater London CR7 7DX	-	-	3	Terraced House
£405K	03/21	0.21 mi	53, Foxley Road, Thornton Heath, Greater London CR7 7DX	-	-	3	Terraced House
£470K	03/23	0.22 mi	4, Grove Road, Thornton Heath, Greater London CR7 6HH	-	-	3	Terraced House
£330K	06/21	0.22 mi	7, Nutfield Road, Thornton Heath, Greater London CR7 7DP	-	-	3	Terraced House
£435K	06/21	0.23 mi	38, Colliers Water Lane, Thornton Heath, Greater London CR7 7LA	£4,794	91	3	Terraced House
£400K	02/23	0.23 mi	5, Kenley Gardens, Thornton Heath, Greater London CR7 7DD	£5,195	77	3	Terraced House
£455K	12/20	0.23 mi	73, Richmond Road, Thornton Heath, Greater London CR7 7QF	£3,957	115	3	Semi-Detached House
£492K	01/23	0.25 mi	110, Richmond Road, Thornton Heath, Greater London CR7 7QD	-	-	3	Terraced House
£455K	02/23	0.25 mi	10, Nutfield Road, Thornton Heath, Greater London CR7 7DL	-	-	3	Terraced House
£415K	06/21	0.26 mi	62, Warlingham Road, Thornton Heath, Greater London CR7 7DE	£4,192	99	3	Terraced House
£415K	11/20	0.26 mi	18, Warlingham Road, Thornton Heath, Greater London CR7 7DE	£4,069	102	3	Terraced House
£438K	10/21	0.26 mi	42, Warlingham Road, Thornton Heath, Greater London CR7 7DE	£4,469	98	3	Terraced House
£485K	07/23	0.26 mi	1, St Stephens Crescent, Thornton Heath, Greater London CR7 7NP	£6,356	76	3	Terraced House
£506.3K	12/22	0.27 mi	8, Kirklees Road, Thornton Heath, Greater London CR7 6HP	-	-	3	Terraced House
£476K	04/23	0.27 mi	52, Grove Road, Thornton Heath, Greater London CR7 6HL	-	-	3	Terraced House
£450K	03/21	0.28 mi	58, Headcorn Road, Thornton Heath, Greater London CR7 6JP	£3,898	115	3	Terraced House
£395K	02/21	0.29 mi	40, Chipstead Avenue, Thornton Heath, Greater London CR7 7DG	£4,817	82	3	Terraced House
£495K	12/22	0.3 mi	44, Richmond Road, Thornton Heath, Greater London CR7 7QB	-	-	3	Detached House
£450K	02/21	0.31 mi	75, Strathyre Avenue, London, Greater London SW16 4RF	£4,018	112	3	Terraced House
£535K	02/21	0.31 mi	17, Strathyre Avenue, London, Greater London SW16 4RF	£5,144	104	3	Terraced House
£450K	07/23	0.33 mi	30, Haslemere Road, Thornton Heath, Greater London CR7 7BE	£5,114	88	3	Terraced House
£440K	03/21	0.34 mi	46, Fairlands Avenue, Thornton Heath, Greater London CR7 6HA	-	-	3	Terraced House
£475K	02/21	0.34 mi	89, Leander Road, Thornton Heath, Greater London CR7 6JZ	£4,481	106	3	Terraced House
£470K	03/21	0.34 mi	101, Leander Road, Thornton Heath, Greater London CR7 6JZ	-	-	3	Terraced House
£435K	01/21	0.35 mi	152, Strathyre Avenue, London, Greater London SW16 4RQ	£4,439	98	3	Terraced House
£520K	01/23	0.35 mi	129, Fairlands Avenue, Thornton Heath, Greater London CR7 6HJ	£4,727	110	3	Terraced House
£562.5K	08/23	0.35 mi	19, Kilmartin Avenue, London, Greater London SW16 4RE	-	-	3	Terraced House
£397K	04/21	0.35 mi	31, Penshurst Road, Thornton Heath, Greater London CR7 7EE	£4,051	98	3	Terraced House

Local Rents

50 rents from £1.7K/mo to £3.3K/mo, average is £2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,000	04/24	0.11 mi	-	3	Terraced House
£2,100	03/24	0.14 mi	Oaklands Avenue, Thornton Heath	3	Flat
£2,100	04/24	0.14 mi	Beverstone Road, Thornton Heath, Surrey, CR7	3	Terraced House
£2,000	03/24	0.16 mi	Beverstone Road, THORNTON HEATH	3	Flat
£1,700	03/24	0.16 mi	London Road, Thornton Heath, CR7	3	Flat
£2,000	02/25	0.19 mi	-	3	Terraced House
£1,900	03/24	0.22 mi	Warwick Gardens, London Road, Thornton Heath, CR7	3	Flat
£1,750	03/24	0.22 mi	Warwick Gardens, London Road, Thornton Heath, CR7	3	Flat
£1,950	03/24	0.22 mi	Warwick Gardens, London, CR7	3	Flat
£1,950	02/24	0.22 mi	-	3	Flat
£1,950	01/25	0.23 mi	-	3	Flat
£2,200	05/24	0.23 mi	Colliers Water Lane, CR7	3	Terraced House
£1,850	03/25	0.23 mi	-	3	Flat
£2,000	03/24	0.24 mi	Warlingham Road, THORNTON HEATH	3	Flat
£3,000	03/25	0.24 mi	-	3	Detached House
£2,100	03/24	0.26 mi	Winterbourne Road, Thornton Heath, CR7	3	Terraced House
£2,200	03/25	0.26 mi	-	3	Terraced House
£2,000	04/24	0.27 mi	Bridport Road, Thornton Heath, CR7	3	Flat
£2,000	04/24	0.27 mi	-	3	Flat
£2,000	12/24	0.28 mi	Ashley Road, Thornton Heath	3	Terraced House
£2,200	05/24	0.29 mi	Warlingham Road, Thornton Heath, CR7	3	Terraced House
£2,000	03/24	0.33 mi	Fairlands Avenue, Thornton Heath, CR7	3	Terraced House
£2,800	02/25	0.35 mi	-	3	Semi-Detached House
£2,000	02/25	0.37 mi	-	3	Terraced House
£1,800	03/25	0.37 mi	-	3	Flat
£2,000	02/24	0.42 mi	-	3	Terraced House
£1,850	03/24	0.43 mi	Penshurst Road, Thornton Heath, CR7	3	Terraced House
£2,000	04/24	0.43 mi	Norman Road, Thornton Heath, CR7	3	Terraced House
£2,150	03/24	0.44 mi	Bennington Close, Thornton Heath, CR7	3	Flat
£2,200	03/24	0.44 mi	-	3	Terraced House
£2,100	03/25	0.47 mi	-	3	Terraced House
£1,800	04/24	0.47 mi	Lakehall Road, Croydon CR7	3	House
£2,000	05/24	0.47 mi	-	3	Terraced House
£2,100	04/24	0.48 mi	Geneva Road, Thornton Heath, Surrey, CR7	3	Terraced House
£2,000	03/24	0.49 mi	Lakehall Road, Thornton Heath, CR7	3	Terraced House
£2,100	03/24	0.5 mi	Berne Road, Thornton Heath, CR7	3	Terraced House
£1,900	03/24	0.52 mi	Woodcroft Road, Thornton Heath	3	Terraced House
£3,300	03/25	0.52 mi	-	3	Semi-Detached House
£2,300	03/25	0.53 mi	-	3	Terraced House
£2,300	01/25	0.53 mi	-	3	Semi-Detached House
£1,850	03/24	0.54 mi	-	3	Flat
£2,200	09/24	0.55 mi	Dalmeny Avenue, SW16	3	Flat
£2,250	09/24	0.56 mi	Pollards Hill South, London, SW16	3	Detached House
£2,250	09/24	0.56 mi	Pollards Hill South, Streatham	3	Flat
£2,500	09/24	0.57 mi	-	3	Terraced House
£2,100	04/24	0.58 mi	Bensham Manor Road, CR7	3	Terraced House
£1,800	03/24	0.6 mi	Parchmore Road, Thornton Heath, CR7	3	Flat
£1,850	04/24	0.6 mi	Parchmore Road, THORNTON HEATH	3	Flat
£1,850	05/24	0.6 mi	Parchmore Road, THORNTON HEATH	3	Flat
£2,300	03/24	0.61 mi	Kynaston Avenue , CR7	3	Flat

Local Area Statistics

Population in CR7	44,62044,620
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.54 miles away0.54 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+8%+8%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £475,000

May 20, 2024

Sold for £215,000

2006

Sold for £170,000

2002

Floor Plans

Description

Three bedrooms +
Two reception rooms +
In need of some modenisation +
No onward chain +
Close to transport links and amenities +
60 foot garden +
Popular location +

Offered to the market with no onward chain is this terraced family home.

Requiring some modernisation, the residence presents an excellent homeowner project or investment opportunity.

The accommodation consists of two reception rooms, kitchen, bathroom and three good sized bedrooms. To the rear is a private garden.

Situated on the ever-so-popular Langdale Road, which is conveniently located close to a range of amenities, including shops and transport links.

Agent Details

Stirling Ackroyd Sales, Thornton Heath

020 3869 5387

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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