3 Bed Terraced House, Planning Permission, CR7 7QB, £475,000

Richmond Road, Thornton Heath, CR7 7QB - 1 views - 8 months ago

Sold STC

Planning

ROI: 1%

~93 m²

+12 photos

ValuationOvervalued

Sold Prices	£330K - £600K
Sold Prices/m²	£3.8K/m² - £5.7K/m²

Square Metres	~93 m²
Price/m²	£5.1K/m²
Value Estimate	£447,988£447,988

End Value (After Refurb)	£460,000£460,000

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	£460,000£460,000
Mortgage (After Refinance)	£345,000£345,000
Mortgage LTV	75%75%
Cash Left In	£208,869£208,869
Equity	£115,000£115,000
Rent Range	£1,700 - £3,000£1,700 - £3,000
Rent Estimate	£2,084
Running Costs/mo	£1,874£1,874
Cashflow/mo	£210£210
Cashflow/yr	£2,516£2,516
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £330K to £600K, average is £425K. £3.8K/m² to £5.7K/m², average is £4.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£495K	12/22	0.02 mi	44, Richmond Road, Thornton Heath, Greater London CR7 7QB	-	-	3	Detached House
£415K	06/21	0.09 mi	62, Warlingham Road, Thornton Heath, Greater London CR7 7DE	£4,192	99	3	Terraced House
£415K	11/20	0.09 mi	18, Warlingham Road, Thornton Heath, Greater London CR7 7DE	£4,069	102	3	Terraced House
£438K	10/21	0.09 mi	42, Warlingham Road, Thornton Heath, Greater London CR7 7DE	£4,469	98	3	Terraced House
£390K	05/21	0.09 mi	41, Foxley Road, Thornton Heath, Greater London CR7 7DX	£4,462	87	3	Terraced House
£455K	06/23	0.09 mi	39, Foxley Road, Thornton Heath, Greater London CR7 7DX	-	-	3	Terraced House
£405K	03/21	0.09 mi	53, Foxley Road, Thornton Heath, Greater London CR7 7DX	-	-	3	Terraced House
£425K	06/23	0.1 mi	87, Melfort Road, Thornton Heath, Greater London CR7 7RT	-	-	3	Terraced House
£445K	08/21	0.11 mi	46, Elliott Road, Thornton Heath, Greater London CR7 7QA	£4,944	90	3	Semi-Detached House
£455K	12/20	0.11 mi	73, Richmond Road, Thornton Heath, Greater London CR7 7QF	£3,957	115	3	Semi-Detached House
£485K	03/23	0.11 mi	26, Linden Avenue, Thornton Heath, Greater London CR7 7DU	-	-	3	Terraced House
£492K	01/23	0.13 mi	110, Richmond Road, Thornton Heath, Greater London CR7 7QD	-	-	3	Terraced House
£395K	06/21	0.14 mi	56, Beechwood Avenue, Thornton Heath, Greater London CR7 7DZ	£4,759	83	3	Terraced House
£368K	05/21	0.14 mi	42, Beechwood Avenue, Thornton Heath, Greater London CR7 7DZ	-	-	3	Terraced House
£395K	02/21	0.15 mi	40, Chipstead Avenue, Thornton Heath, Greater London CR7 7DG	£4,817	82	3	Terraced House
£400K	02/23	0.17 mi	5, Kenley Gardens, Thornton Heath, Greater London CR7 7DD	£5,195	77	3	Terraced House
£425K	06/23	0.19 mi	12, Sandfield Gardens, Thornton Heath, Greater London CR7 8AR	-	-	3	Semi-Detached House
£480K	10/22	0.19 mi	2, Sandfield Gardens, Thornton Heath, Greater London CR7 8AR	£5,517	87	3	Semi-Detached House
£435K	11/20	0.2 mi	19, Norbury Avenue, Thornton Heath, Greater London CR7 8AH	£5,000	87	3	Semi-Detached House
£443K	11/20	0.2 mi	11a, Norbury Avenue, Thornton Heath, Greater London CR7 8AH	£4,879	91	3	Semi-Detached House
£405K	03/21	0.21 mi	75, Stratford Road, Thornton Heath, Greater London CR7 7QL	-	-	3	Terraced House
£330K	06/21	0.21 mi	7, Nutfield Road, Thornton Heath, Greater London CR7 7DP	-	-	3	Terraced House
£455K	02/23	0.22 mi	10, Nutfield Road, Thornton Heath, Greater London CR7 7DL	-	-	3	Terraced House
£337K	03/21	0.25 mi	58, Beverstone Road, Thornton Heath, Greater London CR7 7LT	-	-	3	Terraced House
£472.4K	03/23	0.26 mi	8, Lucerne Road, Thornton Heath, Greater London CR7 7BA	£4,966	95	3	Semi-Detached House
£390K	10/21	0.26 mi	67, Norbury Avenue, Thornton Heath, Greater London CR7 8AL	£4,599	85	3	Semi-Detached House
£425K	01/23	0.27 mi	5, Lucerne Road, Thornton Heath, Greater London CR7 7BB	-	-	3	Terraced House
£375K	03/21	0.27 mi	25, Maplethorpe Road, Thornton Heath, Greater London CR7 7LZ	£3,827	98	3	Terraced House
£430K	12/20	0.28 mi	28, Totton Road, Thornton Heath, Greater London CR7 7QR	£3,874	111	3	Terraced House
£385K	05/21	0.28 mi	52, Totton Road, Thornton Heath, Greater London CR7 7QR	£4,873	79	3	Terraced House
£600K	06/23	0.28 mi	80, Totton Road, Thornton Heath, Greater London CR7 7QR	£5,607	107	3	Semi-Detached House
£470K	11/22	0.29 mi	68, Norbury Avenue, Thornton Heath, Greater London CR7 8AE	-	-	3	Semi-Detached House
£425K	01/21	0.3 mi	45, Malvern Road, Thornton Heath, Greater London CR7 7LW	£5,313	80	3	Semi-Detached House
£400K	06/21	0.3 mi	42, Malvern Road, Thornton Heath, Greater London CR7 7LQ	-	-	3	Terraced House
£432.5K	06/23	0.3 mi	6, Boswell Road, Thornton Heath, Greater London CR7 7RY	£4,553	95	3	Semi-Detached House
£500K	03/23	0.31 mi	138, Bensham Manor Road, Thornton Heath, Greater London CR7 7AW	£5,155	97	3	Terraced House
£430K	05/21	0.31 mi	37, Boswell Road, Thornton Heath, Greater London CR7 7RZ	-	-	3	Terraced House
£398.5K	12/22	0.32 mi	26, Wiltshire Road, Thornton Heath, Greater London CR7 7QN	-	-	3	Terraced House
£450K	07/23	0.32 mi	30, Haslemere Road, Thornton Heath, Greater London CR7 7BE	£5,114	88	3	Terraced House
£335K	06/21	0.32 mi	49, Wiltshire Road, Thornton Heath, Greater London CR7 7QP	-	-	3	Terraced House
£382.5K	12/20	0.32 mi	20, Wiltshire Road, Thornton Heath, Greater London CR7 7QN	-	-	3	Detached House
£397K	04/21	0.33 mi	31, Penshurst Road, Thornton Heath, Greater London CR7 7EE	£4,051	98	3	Terraced House
£435K	02/23	0.33 mi	Ivydene, Norwich Road, Thornton Heath, Greater London CR7 8NA	£4,028	108	3	Semi-Detached House
£380K	10/21	0.34 mi	89, Torridge Road, Thornton Heath, Greater London CR7 7EZ	-	-	3	Terraced House
£500K	03/21	0.34 mi	9, Langdale Road, Thornton Heath, Greater London CR7 7PS	-	-	3	Terraced House
£460K	09/21	0.34 mi	19, Langdale Road, Thornton Heath, Greater London CR7 7PS	-	-	3	Terraced House
£460K	11/22	0.35 mi	24, Norfolk Road, Thornton Heath, Greater London CR7 8ND	-	-	3	Semi-Detached House
£458K	06/21	0.35 mi	12, Berne Road, Thornton Heath, Greater London CR7 7BG	£5,654	81	3	Terraced House
£420K	05/23	0.35 mi	22, Berne Road, Thornton Heath, Greater London CR7 7BG	-	-	3	Terraced House
£350K	02/21	0.35 mi	60, Berne Road, Thornton Heath, Greater London CR7 7BG	-	-	3	Terraced House

Local Rents

50 rents from £1.7K/mo to £3K/mo, average is £2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,000	03/24	0.09 mi	Warlingham Road, THORNTON HEATH	3	Flat
£2,200	05/24	0.15 mi	Warlingham Road, Thornton Heath, CR7	3	Terraced House
£3,000	03/25	0.17 mi	-	3	Detached House
£2,000	02/25	0.17 mi	-	3	Terraced House
£2,100	03/24	0.19 mi	Winterbourne Road, Thornton Heath, CR7	3	Terraced House
£2,150	03/24	0.22 mi	Bennington Close, Thornton Heath, CR7	3	Flat
£2,100	04/24	0.23 mi	Beverstone Road, Thornton Heath, Surrey, CR7	3	Terraced House
£2,000	04/24	0.24 mi	-	3	Terraced House
£2,000	04/24	0.25 mi	-	3	Flat
£2,000	04/24	0.25 mi	Bridport Road, Thornton Heath, CR7	3	Flat
£2,000	03/24	0.25 mi	Beverstone Road, THORNTON HEATH	3	Flat
£2,000	02/25	0.28 mi	-	3	Terraced House
£2,100	03/25	0.3 mi	-	3	Terraced House
£1,800	03/24	0.3 mi	Parchmore Road, Thornton Heath, CR7	3	Flat
£1,850	03/24	0.3 mi	-	3	Flat
£2,100	04/24	0.3 mi	Geneva Road, Thornton Heath, Surrey, CR7	3	Terraced House
£1,850	04/24	0.31 mi	Parchmore Road, THORNTON HEATH	3	Flat
£1,850	05/24	0.31 mi	Parchmore Road, THORNTON HEATH	3	Flat
£2,100	04/24	0.31 mi	Bensham Manor Road, CR7	3	Terraced House
£2,300	01/25	0.33 mi	-	3	Semi-Detached House
£2,100	03/24	0.35 mi	Berne Road, Thornton Heath, CR7	3	Terraced House
£2,200	03/25	0.37 mi	-	3	Terraced House
£2,100	03/24	0.38 mi	Oaklands Avenue, Thornton Heath	3	Flat
£2,800	02/25	0.4 mi	-	3	Semi-Detached House
£2,200	05/24	0.41 mi	Colliers Water Lane, CR7	3	Terraced House
£2,000	04/24	0.41 mi	Norman Road, Thornton Heath, CR7	3	Terraced House
£2,000	05/24	0.43 mi	-	3	Terraced House
£1,800	04/24	0.43 mi	Lakehall Road, Croydon CR7	3	House
£2,000	03/24	0.44 mi	Lakehall Road, Thornton Heath, CR7	3	Terraced House
£2,200	03/25	0.45 mi	-	3	Terraced House
£1,850	03/24	0.46 mi	Penshurst Road, Thornton Heath, CR7	3	Terraced House
£1,700	03/24	0.46 mi	London Road, Thornton Heath, CR7	3	Flat
£2,300	03/24	0.47 mi	Kynaston Avenue , CR7	3	Flat
£2,300	03/24	0.47 mi	Kynaston Avenue , CR7	3	Terraced House
£2,300	03/24	0.47 mi	Kynaston Avenue , CR7 7BW	3	Terraced House
£2,300	04/24	0.47 mi	Kynaston Avenue , CR7 7BW	3	Terraced House
£1,900	03/24	0.48 mi	Warwick Gardens, London Road, Thornton Heath, CR7	3	Flat
£1,750	03/24	0.48 mi	Warwick Gardens, London Road, Thornton Heath, CR7	3	Flat
£1,950	03/24	0.48 mi	Warwick Gardens, London, CR7	3	Flat
£1,950	02/24	0.48 mi	-	3	Flat
£2,200	03/24	0.49 mi	-	3	Terraced House
£2,250	03/25	0.49 mi	-	3	Terraced House
£1,950	01/25	0.5 mi	-	3	Flat
£1,850	03/25	0.5 mi	-	3	Flat
£2,400	05/24	0.53 mi	-	3	Terraced House
£2,400	04/24	0.53 mi	Gilsland Road, Thornton Heath, CR7	3	Terraced House
£2,150	03/24	0.54 mi	-	3	Semi-Detached House
£2,000	12/24	0.57 mi	Ashley Road, Thornton Heath	3	Terraced House
£2,200	12/24	0.58 mi	-	3	Detached House
£1,900	03/24	0.58 mi	Woodcroft Road, Thornton Heath	3	Terraced House

Local Area Statistics

Population in cr7	44,62044,620
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.26 miles away0.26 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

Price changed to £475,000

October 30, 2024

Listed for £490,000

July 29, 2024

Floor Plans

Description

3 DOUBLE BEDROOMS +
CIRCA 1,150 sqft +

Introducing this charming terraced residence newly available on Richmond road, Thornton Heath. The interior features a generously proportioned through lounge reception and an extended kitchen at the rear, with a modern touch.
Ascending upstairs, you'll find three double bedrooms, and a well-appointed family bathroom.

The property is only a few minutes walk from the high street and Thornton Heath train station

Loft extension faisable subject to planning permission.

Viewing highly recomended

Agent Details

Bairstow Eves, Norbury

020 3871 7308

Next Steps?

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

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