3 Bed Flat, Single Let, CR7 8QT £300,000

Lenham Road, Thornton Heath, CR7 8QT - a year ago

Sold STC

BTL

~93 m²

ValuationUndervalued

Sold Prices	£241.3K - £670.4K
Sold Prices/m²	£3.3K/m² - £8K/m²

Square Metres	~93 m²
Price/m²	£3.2K/m²
Value Estimate	£372,000£372,000
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£21,200£21,200
Total Cash In	£96,200£96,200

Cash Out
Rent Range	£100 - £10,400£100 - £10,400
Rent Estimate	£100
Running Costs/mo	£978£978
Cashflow/mo	£-877£-877
Cashflow/yr	£-10,530£-10,530
Gross Yield	0%0%

Local Sold Prices

30 sold prices from £241.3K to £670.4K, average is £347.5K. £3.3K/m² to £8K/m², average is £4.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£320K	02/23	0.03 mi	23a, Hythe Road, Thornton Heath, Greater London CR7 8QQ	£5,000	64	3	Flat
£338K	11/24	0.04 mi	124, Mersham Road, Thornton Heath CR7 8NQ	£4,390	77	3	Flat
£388K	01/25	0.05 mi	172, Mersham Road, Thornton Heath, Greater London CR7 8NQ	£5,389	72	3	Flat
£360K	01/23	0.05 mi	130, Mersham Road, Thornton Heath, Greater London CR7 8NQ	£4,737	76	3	Flat
£290K	02/25	0.06 mi	33a, Lenham Road, Thornton Heath CR7 8QT	£4,462	65	3	Flat
£290K	02/25	0.06 mi	33a, Lenham Road, Thornton Heath CR7 8QT	-	-	3	Flat
£388K	01/25	0.07 mi	172, Mersham Road, Thornton Heath CR7 8NQ	£5,389	72	3	Flat
£345K	06/21	0.08 mi	197, Grange Road, Upper Norwood, London, Greater London SE25 6TG	£4,859	71	3	Flat
£273K	02/25	0.1 mi	202, Mersham Road, Thornton Heath CR7 8NR	£3,289	83	3	Flat
£273K	02/25	0.1 mi	202, Mersham Road, Thornton Heath CR7 8NR	-	-	3	Flat
£255K	06/23	0.3 mi	Flat 11, Westminster Court, Osborne Gardens, Thornton Heath, Greater London CR7 8PA	-	-	3	Flat
£530K	10/22	0.34 mi	3, Burton Close, Thornton Heath, Greater London CR7 8SU	-	-	3	Flat
£286K	06/21	0.37 mi	35, Grange Park Road, Thornton Heath, Greater London CR7 8QE	£4,206	68	3	Flat
£420K	01/25	0.39 mi	5, Flat 1, Liverpool Road, Thornton Heath CR7 8LS	£5,185	81	3	Flat
£354K	11/21	0.57 mi	Flat 3, Tomlins Court, South Norwood Hill, London, Greater London SE25 6BZ	-	-	3	Flat
£350K	11/24	0.59 mi	6b, Gillett Road, Thornton Heath CR7 8SN	£7,955	44	3	Flat
£330K	03/23	0.62 mi	132a, Melfort Road, Thornton Heath, Greater London CR7 7RP	£3,367	98	3	Flat
£422.5K	05/23	0.62 mi	15, Elm Road, Thornton Heath, Greater London CR7 8RH	-	-	3	Flat
£330K	02/25	0.64 mi	Flat 2, 20, Brook Road, Thornton Heath CR7 7RB	£3,750	88	3	Flat
£400K	02/25	0.7 mi	23 Northdale Court, 12, South Norwood Hill, South Norwood, London SE25 6BS	£4,545	88	3	Flat
£280K	05/21	0.72 mi	Ground Floor Flat, 26, Clifton Road, London, Greater London SE25 6NL	£3,733	75	3	Flat
£280K	05/25	0.74 mi	3a, Marion Road, Thornton Heath CR7 7AL	£4,058	69	3	Flat
£280K	05/25	0.74 mi	3a, Marion Road, Thornton Heath CR7 7AL	-	-	3	Flat
£462K	01/25	0.78 mi	9, The Woodlands, Upper Norwood, London SE19 3EG	£6,243	74	3	Flat
£445K	06/21	0.78 mi	9, The Woodlands, London, Greater London SE19 3EG	£6,014	74	3	Flat
£241.3K	08/23	0.79 mi	120, Auckland Road, London, Greater London SE19 2RP	£3,770	64	3	Flat
£575K	07/25	0.93 mi	Flat 2, 4, Lansdowne Place, Anerley, London SE19 2BE	-	-	3	Flat
£670.4K	03/25	0.97 mi	12a, Gatestone Road, Upper Norwood, London SE19 3AT	£5,278	127	3	Flat
£500K	04/25	0.97 mi	4a, Albert Road, South Norwood, London SE25 4BE	£5,495	91	3	Flat
£500K	04/25	0.97 mi	4a, Albert Road, South Norwood, London SE25 4BE	-	-	3	Flat

Local Rents

50 rents from £100/mo to £10.4K/mo, average is £2.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,950	10/25	0.03 mi	Hythe Road, Thornton Heath	3	Flat
£2,100	03/24	0.05 mi	Mersham Road, THORNTON HEATH	3	Flat
£2,000	04/24	0.05 mi	Mersham Road, THORNTON HEATH	3	House
£2,000	05/24	0.05 mi	Mersham Road, THORNTON HEATH	3	House
£2,600	03/25	0.06 mi	-	3	Terraced House
£2,395	11/25	0.07 mi	-	3	Detached House
£10,400	11/25	0.07 mi	Hythe Road, London, CR7 8	3	Detached House
£2,200	10/25	0.09 mi	Livingstone Rd CR7	3	Terraced House
£2,300	07/25	0.1 mi	Hamilton Road, Thornton Heath, CR7	3	Terraced House
£2,200	02/24	0.1 mi	-	3	Terraced House
£2,300	07/25	0.1 mi	-	3	Terraced House
£2,050	11/25	0.1 mi	-	3	Flat
£2,200	10/25	0.13 mi	-	3	Terraced House
£1,750	08/25	0.13 mi	Mersham Road, Thornton Heath, CR7	3	Flat
£1,650	09/25	0.13 mi	Mersham Road, Thornton Heath, CR7	3	Flat
£1,750	08/25	0.13 mi	-	3	Flat
£1,650	09/25	0.13 mi	-	3	Flat
£2,500	05/25	0.13 mi	-	3	Flat
£2,100	08/25	0.14 mi	Livingstone Road, THORNTON HEATH	3	House
£2,000	09/25	0.14 mi	Livingstone Road, THORNTON HEATH	3	House
£2,200	10/25	0.15 mi	-	3	Terraced House
£2,500	09/24	0.15 mi	-	3	Flat
£1,850	08/25	0.15 mi	-	3	Terraced House
£2,400	10/25	0.15 mi	-	3	Terraced House
£2,200	09/25	0.16 mi	Thornton Heath, Thornton Heath, CR7	3	House
£2,200	10/25	0.16 mi	Thornton Heath, Thornton Heath, CR7	3	House
£2,200	10/25	0.16 mi	Thornton Heath, Thornton Heath, CR7	3	House
£2,150	03/24	0.17 mi	-	3	Semi-Detached House
£2,000	08/25	0.17 mi	Moffat Road, Thornton Heath	3	Terraced House
£2,000	08/25	0.18 mi	Moffat Road, Thornton Heath, CR7	3	Terraced House
£2,150	11/25	0.18 mi	Moffat Road, Thornton Heath, CR7	3	Terraced House
£2,600	11/25	0.18 mi	-	3	Flat
£2,150	12/24	0.2 mi	-	3	Terraced House
£2,250	12/24	0.2 mi	-	3	Terraced House
£1,950	10/25	0.21 mi	Burlington Rd CR7	3	Terraced House
£2,500	09/25	0.22 mi	Grangecliffe Gardens, South Norwood SE25	3	Terraced House
£2,200	06/25	0.26 mi	Natal Road, Thornton Heath, CR7	3	Terraced House
£2,200	07/25	0.26 mi	Natal Road, Thornton Heath, CR7	3	Terraced House
£2,200	11/25	0.27 mi	-	3	Terraced House
£100	06/25	0.27 mi	-	3	Terraced House
£100	06/25	0.29 mi	-	3	Terraced House
£2,300	08/25	0.29 mi	Grange Road, London, SE25	3	Terraced House
£1,900	07/25	0.29 mi	-	3	Terraced House
£2,000	08/25	0.29 mi	-	3	Terraced House
£2,250	11/25	0.29 mi	Hobart Gardens, Thornton Heath, Surrey, CR7	3	Terraced House
£2,100	10/25	0.3 mi	-	3	Terraced House
£2,100	10/25	0.3 mi	Manchester Road, Thornton Heath, CR7	3	Terraced House
£2,450	11/25	0.3 mi	-	3	Terraced House
£2,350	08/24	0.31 mi	-	3	Semi-Detached House
£2,200	06/25	0.31 mi	-	3	Semi-Detached House

Local Area Statistics

Population in cr7	44,62044,620
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.58 miles away0.58 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+14%+14%

Property History

Price changed to £300,000

October 26, 2024

Listed for £310,000

July 9, 2024

Floor Plans

Description

PRIVATE GARDEN +
CHAIN FREE +
THREE BEDROOMS +
SPACIOUS +
SHARE FREEHOLD +
GRANGEWOOD PARK +
SHORT WALK TO CRYSTAL PALACE +
NORWOOD JUNCTION TRAINSTATION +

Located within a sought after residential road within Thornton Heath North. Providing easy access to Thornton Heath High street and Crystal Palace Triangle, both boasting a plethora of amenities. Thornton Heath and Crystal Palace station's with links into Victoria, London Bridge and the Northern Line via Balham.

Larger than most and tastefully maintained, this stunning property comprises living room with ample space to dine, fitted kitchen, garden with patio ideal for al fresco dining, three bedrooms which provide ample storage and a family bathroom.

Other benefits include double glazing and Central heating, share of the freehold, on-street parking and a combination boiler.

Properties like this rarely enter the market and so viewings are highly recommended.

Agent Details

haart, Thornton Heath

020 3909 8975

Next Steps?

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

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CashflowsOpen in Analyser

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Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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