2 Bed Flat, Cash/Bridging Only, CR7 8QT, £175,000

Lenham Road, Thornton Heath, London, CR7 8QT - 8 months ago

Sold STC
Leasehold
Auction
Cash
ROI: 5%
~68 m²
+7 photos

ValuationFair Value

Sold Prices£151K - £442.5K
Sold Prices/m²£2.4K/m² - £6.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£175,000

 

 

End Value (After Refurb)

£323,079

Uplift in Value

+85%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£9,950

Refurb Costs

£36,033

Bridging Loan Interest

£4,594

Total Cash In

£96,077

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£323,079

Agent Fees (1%)

£3,231

Bridging Loan

£131,250

Bridging Loan Interest

£4,594

Flip Profit

£92,522

Local Sold Prices

50 sold prices from £151K to £442.5K, average is £295.8K. £2.4K/m² to £6.4K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£290K02/210.08 mi179, Mersham Road, Thornton Heath, Greater London CR7 8NU2
£289K02/210.08 mi181, Mersham Road, Thornton Heath, Greater London CR7 8NU2
£325K11/210.08 mi199, Grange Road, London, Greater London SE25 6TG2
£307.5K06/210.09 mi53, Hythe Road, Thornton Heath, Greater London CR7 8QR2
£365K11/220.11 mi227, Mersham Road, Thornton Heath, Greater London CR7 8NW2
£330K04/210.13 mi301, Grange Road, London, Greater London SE25 6TD2
£273K12/200.19 miGround Floor Flat, 118, Burlington Road, Thornton Heath, Greater London CR7 8PF2
£300K12/200.27 mi294, Grange Road, Upper Norwood, London, Greater London SE19 3DF2
£325K10/220.28 mi3, Natal Road, Thornton Heath, Greater London CR7 8QH2
£308.6K09/210.28 mi8, Beulah Crescent, Thornton Heath, Greater London CR7 8JL2
£225K11/200.32 miFlat 7, Westminster Court, Osborne Gardens, Thornton Heath, Greater London CR7 8PA2
£302K12/200.33 mi212, Northwood Road, Thornton Heath, Greater London CR7 8HT2
£265K11/210.33 mi208, Northwood Road, Thornton Heath, Greater London CR7 8HT2
£245K04/210.35 miFlat 4, Hazel Bank, South Norwood Hill, London, Greater London SE25 6BB2
£330K11/200.37 miFlat 5, Crofton Court, Cypress Road, London, Greater London SE25 4BB2
£260K03/210.38 miFlat 4, Stuart Lodge, South Norwood Hill, London, Greater London SE25 6AX2
£442.5K05/230.38 mi1e, Beulah Hill, London, Greater London SE19 3LQ2
£255K06/210.39 mi57a, Bensham Grove, Thornton Heath, Greater London CR7 8DD2
£307K08/210.4 mi62a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£275K06/210.4 mi64a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£300K04/230.4 mi70a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£315K02/230.41 miFlat 5, The Gardens, Whitehorse Lane, London, Greater London SE25 6UN2
£280K01/230.43 mi269a, Whitehorse Lane, London, Greater London SE25 6UP2
£207.5K07/210.44 mi221a, Whitehorse Lane, London, Greater London SE25 6UU2
£270K10/210.45 mi15, Norwich Road, Thornton Heath, Greater London CR7 8NA2
£345K11/210.45 mi37a, Parchmore Road, Thornton Heath, Greater London CR7 8LY2
£260K03/230.47 mi94, Whitworth Road, London, Greater London SE25 6XL2
£375K03/210.47 mi7, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£263K02/230.47 mi13a, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£285K11/200.47 mi53, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£240K05/230.5 mi5, Parchmore Way, Thornton Heath, Greater London CR7 8HL2
£268K03/210.51 mi6, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ2
£275K08/210.51 mi10, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ2
£275K10/200.52 miFlat 2, Woodvale Court, South Norwood Hill, London, Greater London SE25 6AH2
£328.8K02/230.54 miFlat 2, Barclay House, Clifton Road, London, Greater London SE25 6PZ2
£320K06/210.55 mi33, Freethorpe Close, London, Greater London SE19 3LX2
£240K07/230.55 mi5, Gillett Road, Thornton Heath, Greater London CR7 8RL2
£307.5K03/210.55 mi355, Church Road, London, Greater London SE19 2QJ2
£273K11/200.57 mi86, Windsor Road, Thornton Heath, Greater London CR7 8HF2
£235K02/230.57 mi430a, Whitehorse Road, Thornton Heath, Greater London CR7 8SB2
£335K03/210.6 mi24, Spurgeon Road, London, Greater London SE19 3UF2
£290K10/210.62 mi9, Kemsing Close, Thornton Heath, Greater London CR7 7AQ2
£332.5K06/210.62 mi2, Auckland Rise, London, Greater London SE19 2EA2
£355K01/230.63 mi299, Holmesdale Road, London, Greater London SE25 6PR2
£296.5K03/210.63 miGround Floor Flat, 23, Melfort Road, Thornton Heath, Greater London CR7 7RS2
£151K01/210.64 mi128, Melfort Road, Thornton Heath, Greater London CR7 7RP2
£295K08/210.64 mi216, Chancellor Court, Bensham Manor Road, Thornton Heath, Greater London CR7 7AW2
£387.5K01/210.65 mi26, Kitley Gardens, London, Greater London SE19 2RY2
£365K04/210.65 mi14, Kitley Gardens, London, Greater London SE19 2RY2
£320K02/230.65 mi121a, Melfort Road, Thornton Heath, Greater London CR7 7RX2

Local Rents

50 rents from £1.4K/mo to £2.3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,59503/240.01 miLenham Road, Thornton Heath, CR72
£1,59503/240.01 mi-2
£1,80001/250.03 mi-2
£1,69512/240.06 mi-2
£1,64512/240.06 mi-2
£1,90003/250.08 mi-2
£1,70003/240.13 miMoffat Road Thornton Heath CR72
£1,80012/240.16 mi-2
£1,75012/240.17 mi-2
£1,65005/240.19 mi-2
£1,67505/240.19 mi-2
£1,70008/240.2 mi-2
£2,00008/240.2 miThe Heights, London, SE192
£1,50003/250.2 mi-2
£1,50012/240.22 mi-2
£1,45012/240.22 mi-2
£1,75002/240.26 mi-2
£1,70003/240.26 miFurze Road, Thornton heath, Surrey, CR72
£1,70003/240.26 miFurze Road, Thornton heath, Surrey, CR72
£1,80012/240.26 mi-2
£1,80009/240.27 mi-2
£1,70003/240.27 miFurze Road, Thornton Heath, CR72
£1,80003/240.27 miFurze Road, Thornton Heath, CR72
£1,75003/250.27 mi-2
£1,75002/240.27 mi-2
£1,60009/240.27 mi-2
£2,30002/250.29 mi-2
£2,10003/240.3 miCRANBROOK ROAD, THORNTON HEATH, CR7, Thornton Heath, CR72
£2,10003/240.3 miCranbrook Road, Thornton Heath, CR72
£1,90002/240.3 mi-2
£1,65003/250.31 mi-2
£1,60008/240.32 miBRAE COURT, SOUTH NORWOOD HILL, LONDON, SE25, South Norwood, London, SE252
£1,50003/240.32 miOsborne Gardens, Thornton Heath2
£1,70009/240.33 miSouth Norwood Hill London SE252
£1,60008/240.33 miSouth Norwood Hill, South Norwood2
£2,10008/240.34 miSouth Norwood Hill, London, SE252
£2,10008/240.34 miSouth Norwood Hill, London, SE252
£2,10008/240.34 mi-2
£2,10010/240.34 mi-2
£1,65008/240.34 miSouth Norwood Hill, London, SE252
£1,60011/230.34 miDorrington Court, SE252
£1,62508/240.35 mi-2
£1,62508/240.35 miSouth Norwood Hill, London, SE252
£1,50004/240.35 miBeulah Road, Thornton Heath, CR72
£1,50004/240.35 miBeulah Road, Thornton Heath, CR72
£1,65009/240.35 mi-2
£1,65008/240.35 miPierrepoint, London, SE252
£1,69003/250.35 mi-2
£1,60010/240.35 mi-2
£1,80008/240.35 mi-2

Local Area Statistics

Population in cr7

44,620

Nearest school

0.30 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £175,000

March 4, 2025

Listed for £200,000

July 29, 2024

Floor Plans

Description

  • Being Sold via Secure Sale online bidding. Terms & Conditions apply +
  • No Onward Chain +

This two-bedroom Victorian conversion flat on Lenham Road, Thornton Heath, offers vacant possession and no onward chain. Located on the first floor, the property covers 719 sq ft and is available with a 50-year lease, making it suitable for cash buyers only. This flat presents a solid investment opportunity, featuring spacious rooms and close proximity to local amenities and transport links.

Council Tax Band: C
Tenure: Leasehold
Length Of Lease: 50
Annual Ground Rent Amount: £10.00
Ground Rent Review Period: Month

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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

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