3 Bed Flat, Single Let, CR7 7AE, £375,000

Bensham Manor Road, Thornton Heath, CR7 7AE - 1 views - 10 months ago

BTL
ROI: 3%
~89 m²
+15 photos

ValuationUndervalued

Sold Prices£100K - £650K
Sold Prices/m²£3.4K/m² - £10.2K/m²

 

 

Square Metres

~89 m²
Price/m²£4.2K/m²

Value Estimate

£450,855
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Total Cash In

£112,450

 

 

Cash Out

 

Rent Range

£1,745 - £3,750

Rent Estimate

£1,806

Running Costs/mo

£1,553

Cashflow/mo

£253

Cashflow/yr

£3,035

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £100K to £650K, average is £401.6K. £3.4K/m² to £10.2K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£422.5K05/230.08 mi15, Elm Road, Thornton Heath, Greater London CR7 8RH3
£267K03/210.26 mi119a, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BR3
£286K06/210.33 mi35, Grange Park Road, Thornton Heath, Greater London CR7 8QE3
£530K10/220.38 mi3, Burton Close, Thornton Heath, Greater London CR7 8SU3
£280K05/210.51 miGround Floor Flat, 26, Clifton Road, London, Greater London SE25 6NL3
£330K03/230.57 mi132a, Melfort Road, Thornton Heath, Greater London CR7 7RP3
£345K06/210.66 mi197, Grange Road, Upper Norwood, London, Greater London SE25 6TG3
£320K02/230.7 mi23a, Hythe Road, Thornton Heath, Greater London CR7 8QQ3
£290K02/210.74 mi35a, Lenham Road, Thornton Heath, Greater London CR7 8QT3
£285K10/200.75 mi124, Mersham Road, Thornton Heath, Greater London CR7 8NQ3
£360K01/230.75 mi130, Mersham Road, Thornton Heath, Greater London CR7 8NQ3
£280K10/200.79 mi199, Mersham Road, Thornton Heath, Greater London CR7 8NU3
£255K06/230.81 miFlat 11, Westminster Court, Osborne Gardens, Thornton Heath, Greater London CR7 8PA3
£580K12/210.82 mi71, Tennison Road, London, Greater London SE25 5RY3
£354K11/210.88 miFlat 3, Tomlins Court, South Norwood Hill, London, Greater London SE25 6BZ3
£250K03/230.94 mi3b, Canterbury Road, Croydon, Greater London CR0 3PY3
£415K10/200.99 mi54, Birchanger Road, London, Greater London SE25 5BB3
£362K07/230.99 mi63a, Stretton Road, Croydon, Greater London CR0 6ES3
£300K11/201.38 mi17, Priory Crescent, London, Greater London SE19 3ED3
£241.3K08/231.43 mi120, Auckland Road, London, Greater London SE19 2RP3
£445K06/211.43 mi9, The Woodlands, London, Greater London SE19 3EG3
£420K08/211.63 mi43a, Tremaine Road, London, Greater London SE20 7UA3
£415K06/211.63 mi51a, Tremaine Road, London, Greater London SE20 7UA3
£395K06/211.66 miFlat 15, Maberley Court, Maberley Crescent, London, Greater London SE19 2JG3
£390K01/211.66 mi12a, Tremaine Road, London, Greater London SE20 7TZ3
£420K04/211.66 mi6a, Tremaine Road, London, Greater London SE20 7TZ3
£450K09/211.66 mi12, Tremaine Road, London, Greater London SE20 7TZ3
£408.3K03/211.67 mi46, Samos Road, London, Greater London SE20 7TU3
£435K09/231.71 mi48, Marlow Road, Anerley, London, Greater London SE20 7UZ3
£350K11/201.71 miFlat 10, Brooklyn, Anerley Road, London, Greater London SE20 8AZ3
£292K05/211.71 miFlat 5, Brooklyn, Anerley Road, London, Greater London SE20 8AZ3
£650K02/211.71 mi55a, Central Hill, London, Greater London SE19 1BS3
£445.5K12/201.72 mi26, Samos Road, Anerley, London, Greater London SE20 7TU3
£442.2K02/211.72 mi40a, Samos Road, London, Greater London SE20 7TU3
£375K11/201.73 mi4a, Waldegrave Road, London, Greater London SE19 2AJ3
£570K08/211.76 miFlat A, 85, Anerley Road, London, Greater London SE20 8AU3
£100K06/231.77 miFlat 2, Bettswood Court, Anerley Road, London, Greater London SE20 8EH3
£425K11/201.79 mi27a, Worbeck Road, London, Greater London SE20 7SW3
£365K09/211.89 mi31, Cornish Grove, London, Greater London SE20 8RB3
£528K02/231.9 mi29, Castledine Road, London, Greater London SE20 8PL3
£640K12/201.92 miGround And First Floor Flat, 39, Woodland Road, London, Greater London SE19 1NU3
£517.5K07/231.94 mi77, Durning Road, London, Greater London SE19 1JS3
£412K06/231.95 mi16, Gibbs Square, London, Greater London SE19 1JN3
£412K06/231.95 mi16, Gibbs Square, London, Greater London SE19 1JN3
£355K11/211.96 mi23, Trenholme Terrace, London, Greater London SE20 8PW3
£625K11/201.96 mi34b, Jasper Road, London, Greater London SE19 1SH3
£500K04/211.96 mi44b, Jasper Road, London, Greater London SE19 1SH3
£535K02/211.97 mi49d, Anerley Park, London, Greater London SE20 8NQ3
£360K07/231.99 mi45, Oxtoby Way, London, Greater London SW16 5HD3
£421K05/211.99 mi37, Durning Road, London, Greater London SE19 1JP3

Local Rents

50 rents from £1.7K/mo to £3.8K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,10003/240.16 miZion Road, Thornton Heath, Surrey, CR73
£1,90003/240.16 miZion Road, Thornton Heath, CR73
£2,20012/240.18 mi-3
£2,10004/240.19 miBensham Manor Road, CR73
£2,40005/240.19 mi-3
£2,40004/240.19 miGilsland Road, Thornton Heath, CR73
£2,30001/250.2 mi-3
£2,04003/250.21 mi-3
£2,20003/240.25 miTalbot Road, THORNTON HEATH3
£2,10004/240.26 miGeneva Road, Thornton Heath, Surrey, CR73
£2,30003/240.26 miKynaston Avenue , CR73
£2,30003/240.26 miKynaston Avenue , CR73
£2,30003/240.26 miKynaston Avenue , CR7 7BW3
£2,30004/240.26 miKynaston Avenue , CR7 7BW3
£2,20005/240.26 miTalbot Road, Thornton Heath, CR73
£2,20012/240.26 mi-3
£2,10003/240.27 miBerne Road, Thornton Heath, CR73
£2,10003/250.27 mi-3
£1,99901/250.28 mi-3
£1,74502/250.28 mi-3
£2,15003/240.29 miBennington Close, Thornton Heath, CR73
£2,85002/240.3 mi-3
£3,00005/240.3 mi-3
£2,75012/240.3 mi-3
£3,75012/240.3 mi-3
£2,80012/240.3 mi-3
£2,70002/250.3 mi-3
£2,00008/240.31 mi-3
£1,90002/240.32 mi-3
£2,15012/240.33 miCoppice Yard, Bell Foundry Close, Croydon, CR03
£2,00008/240.33 miSouth Norwood, London, SE253
£2,00001/250.33 mi-3
£1,95009/240.33 mi-3
£2,00012/240.35 miPrincess Road, Croydon, CR03
£1,95008/240.35 mi-3
£2,50002/250.36 mi-3
£2,30012/240.37 miCoppice Yard, Croydon, CR03
£2,30012/240.37 miCoppice Yard, Croydon, CR03
£2,30012/240.37 miCoppice Yard, Croydon, CR03
£2,30012/240.37 miCoppice Yard, Croydon, CR03
£2,30012/240.37 miCoppice Yard, Croydon, CR03
£2,30012/240.37 miCoppice Yard, Croydon, CR03
£1,99511/240.39 mi-3
£2,00002/250.4 mi-3
£2,00003/240.42 miLakehall Road, Thornton Heath, CR73
£2,00005/240.42 mi-3
£1,80004/240.43 miLakehall Road, Croydon CR73
£2,20005/240.44 miWarlingham Road, Thornton Heath, CR73
£2,50012/240.44 mi-3
£1,80003/240.44 miParchmore Road, Thornton Heath, CR73

Local Area Statistics

Population in cr7

44,620

Nearest school

0.20 miles away

Nearest train station

0.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £375,000

May 28, 2024

Floor Plans

Description

  • Share Of Freehold +
  • Ground Floor Conversion +
  • 3 Bedrooms +
  • Private Garden +
  • Off Street Parking For 2 Cars +
  • Cellar For Ample Storage +
  • Tastefully Finished +
  • Own Front Door +
  • Good Transport Links +

This property has original features and comprises of 3 bedrooms (one of which is being utilised as a study), an impressive lounge, recently renovated kitchen and a bathroom . It has additional benefits of being offered with a share of the freehold, off street parking for 2 cars, a cellar and own section of a large lush garden.

Upon entering, you're greeted by double-height ceilings at the front of the house, which, combined with an abundance of natural light, create a bright, airy, and spacious atmosphere even on the greyest of days. Towards the rear, you'll find a tastefully refurbished kitchen and a bathroom. The rear of the house opens onto a spacious decking area that transitions into a large green garden with a patio, shed and greenhouse, perfect for gardening enthusiasts. This outdoor space is ideal for barbecues and social gatherings, providing an excellent setting for entertaining neighbors, friends, and family.

The local area boasts several mainline train stations, a thriving high street, and an array of shops, enhancing the appeal of this property. For those commuting to Central London, this property's location is highly convenient. Thornton Heath Train Station is just a 7-minute walk away, offering direct connections to Central London in approximately 20 minutes and Gatwick Airport in just over 30 minutes. Additionally, Thornton Heath is well-served by numerous bus routes that can take you to central London, Croydon, and beyond. For alternative transport options, Norwood Junction is a 20-25 minute walk away, providing access to The Overground and Thameslink services, making it an excellent choice for commuters heading to The City. Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, South East & London

01322 952994

Next Steps?

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