2 Bed Flat, Single Let, CR7 7HU £270,000

London Road, Thornton Heath, CR7 7HU - a year ago

Leasehold

BTL

ROI: 5%

~53 m²

ValuationOvervalued

Sold Prices	£184K - £345K
Sold Prices/m²	£3K/m² - £6K/m²

Square Metres	~53.23 m²
Price/m²	£5.1K/m²
Value Estimate	£230,678£230,678

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£67,500£67,500
Stamp Duty & Legal Fees	£18,200£18,200
Total Cash In	£85,700£85,700

Cash Out
Rent Range	£1,400 - £2,503£1,400 - £2,503
Rent Estimate	£1,556
Running Costs/mo	£1,175£1,175
Cashflow/mo	£381£381
Cashflow/yr	£4,573£4,573
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £184K to £345K, average is £260.5K. £3K/m² to £6K/m², average is £4.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£195K	12/22	0.11 mi	30a, Broughton Road, Thornton Heath, Greater London CR7 6AL	-	-	2	Flat
£275K	04/25	0.22 mi	Flat 20, Gala Court, London Road, Thornton Heath CR7 6EQ	£3,198	86	2	Flat
£275K	04/25	0.22 mi	Flat 20, Gala Court, London Road, Thornton Heath CR7 6EQ	-	-	2	Flat
£250K	03/25	0.4 mi	26, Jubilee Court, London Road, Thornton Heath CR7 6JL	£4,167	60	2	Flat
£250K	03/25	0.4 mi	26, Jubilee Court, London Road, Thornton Heath CR7 6JL	-	-	2	Flat
£280K	11/24	0.42 mi	198-200, Flat E, Brigstock Road, Thornton Heath CR7 7JD	£4,118	68	2	Flat
£240K	07/25	0.43 mi	2, 25, Cameron Road, Croydon CR0 2SR	-	-	2	Flat
£286K	05/23	0.47 mi	46, Greenside Road, Croydon, Greater London CR0 3PL	£4,540	63	2	Flat
£280K	06/21	0.47 mi	127a, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BR	£4,912	57	2	Flat
£260K	01/25	0.49 mi	3 Spottiswood Court, Flat 45, Harry Close, Croydon CR0 2NL	£3,881	67	2	Flat
£310K	12/24	0.5 mi	6a, Flat 2, Quadrant Road, Thornton Heath CR7 7DA	£4,189	74	2	Flat
£272.5K	01/25	0.51 mi	85, St Saviour's Road, Croydon CR0 2XF	£5,142	53	2	Flat
£235K	02/25	0.52 mi	Flat 2, 12, Elliott Road, Thornton Heath CR7 7QA	£5,595	42	2	Flat
£235K	02/25	0.52 mi	Flat 2, 12, Elliott Road, Thornton Heath CR7 7QA	-	-	2	Flat
£290K	07/23	0.52 mi	125, Queens Road, Croydon, Greater London CR0 2PT	£4,031	72	2	Flat
£260K	09/21	0.52 mi	125a, Queens Road, Croydon, Greater London CR0 2PT	£4,333	60	2	Flat
£340K	09/22	0.52 mi	53, Quadrant Road, Thornton Heath, Greater London CR7 7DB	£5,397	63	2	Flat
£255K	03/23	0.54 mi	69a, Greenside Road, Croydon, Greater London CR0 3PQ	-	-	2	Flat
£225.6K	10/24	0.59 mi	Warwick Gardens, 61, London Road, Thornton Heath CR7 7NB	£4,178	54	2	Flat
£259K	05/21	0.61 mi	Flat A, 31, Galpins Road, Thornton Heath, Greater London CR7 6EL	-	-	2	Flat
£260K	09/22	0.62 mi	53, St Christophers Gardens, Thornton Heath, Greater London CR7 7NS	£4,333	60	2	Flat
£184K	04/25	0.64 mi	35, Carew Road, Thornton Heath CR7 7RF	£3,852	48	2	Flat
£184K	04/25	0.64 mi	35, Carew Road, Thornton Heath CR7 7RF	-	-	2	Flat
£190K	03/25	0.64 mi	1, St Christopher's Gardens, Thornton Heath CR7 7NS	£4,750	40	2	Flat
£190K	03/25	0.64 mi	1, St Christopher's Gardens, Thornton Heath CR7 7NS	-	-	2	Flat
£260K	09/21	0.64 mi	62a, Warwick Road, Thornton Heath, Greater London CR7 7NE	£4,552	57	2	Flat
£287.5K	08/23	0.64 mi	56, Warwick Road, Thornton Heath, Greater London CR7 7NE	£5,044	57	2	Flat
£231K	02/25	0.65 mi	17, Warwick Road, Thornton Heath CR7 7NH	£3,850	60	2	Flat
£231K	02/25	0.65 mi	17, Warwick Road, Thornton Heath CR7 7NH	-	-	2	Flat
£295K	03/23	0.66 mi	29a, Warwick Road, Thornton Heath, Greater London CR7 7NH	-	-	2	Flat
£261K	07/21	0.66 mi	23, Warwick Road, Thornton Heath, Greater London CR7 7NH	-	-	2	Flat
£295K	08/21	0.68 mi	216, Chancellor Court, Bensham Manor Road, Thornton Heath, Greater London CR7 7AW	£4,097	72	2	Flat
£258K	02/25	0.69 mi	189 Gary Court, Flat 39, London Road, Croydon CR0 2DR	£4,448	58	2	Flat
£295K	11/21	0.7 mi	16, Prestwood Gardens, Croydon, Greater London CR0 2TW	£4,403	67	2	Flat
£290K	10/21	0.7 mi	9, Kemsing Close, Thornton Heath, Greater London CR7 7AQ	-	-	2	Flat
£305K	04/23	0.71 mi	79, Onslow Road, Croydon, Greater London CR0 3NY	£6,028	51	2	Flat
£320K	02/23	0.71 mi	121a, Melfort Road, Thornton Heath, Greater London CR7 7RX	£4,776	67	2	Flat
£265K	08/21	0.74 mi	17a, Henderson Road, Croydon, Greater London CR0 2QG	£3,897	68	2	Flat
£220K	03/23	0.78 mi	183a, Whitehorse Road, Croydon, Greater London CR0 2LJ	£3,333	66	2	Flat
£245K	03/23	0.78 mi	11, Sumner Gardens, Croydon, Greater London CR0 3LP	-	-	2	Flat
£300K	08/24	0.79 mi	28a, Beulah Road, Thornton Heath CR7 8JE	£3,846	78	2	Flat
£312K	10/24	0.8 mi	176, Ground Floor Flat At, Melfort Road, Thornton Heath, Greater London CR7 7RQ	-	-	2	Flat
£185K	06/21	0.8 mi	First Floor Flat, 180, Melfort Road, Thornton Heath, Greater London CR7 7RQ	£2,984	62	2	Flat
£240K	07/23	0.83 mi	5, Gillett Road, Thornton Heath, Greater London CR7 8RL	-	-	2	Flat
£270K	02/23	0.83 mi	46, Kelvin Gardens, Croydon, Greater London CR0 4UR	-	-	2	Flat
£270K	10/21	0.84 mi	15, Norwich Road, Thornton Heath, Greater London CR7 8NA	£4,821	56	2	Flat
£345K	11/21	0.84 mi	37a, Parchmore Road, Thornton Heath, Greater London CR7 8LY	£3,557	97	2	Flat
£260K	07/25	0.85 mi	12, Wychwood Avenue, Thornton Heath CR7 8AQ	-	-	2	Flat
£263K	02/23	0.85 mi	13a, Beulah Road, Thornton Heath, Greater London CR7 8JH	£4,782	55	2	Flat
£275K	08/21	0.86 mi	10, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ	£4,911	56	2	Flat

Local Rents

50 rents from £1.4K/mo to £2.5K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,650	10/25	0.01 mi	London Road, Thornton Heath	2	Flat
£1,525	10/25	0.01 mi	London Road, THORNTON HEATH	2	Flat
£1,675	04/25	0.03 mi	-	2	Flat
£2,275	03/25	0.03 mi	-	2	Flat
£2,503	03/25	0.03 mi	-	2	Flat
£1,517	02/25	0.11 mi	-	2	Terraced House
£1,800	08/25	0.2 mi	Frant Road Thornton Heath CR7	2	Flat
£1,550	04/24	0.2 mi	Queens Court, Colliers Water Lane, Thornton Heath, CR7	2	Flat
£1,600	11/25	0.2 mi	Queens Court, Colliers Water Lane, Thornton Heath, CR7	2	Flat
£1,600	06/25	0.2 mi	Colliers Water Lane, Thornton Heath, CR7	2	Flat
£1,600	07/25	0.2 mi	London Road, THORNTON HEATH	2	Flat
£1,600	11/25	0.2 mi	London Road, THORNTON HEATH	2	Flat
£1,600	04/24	0.2 mi	London Road, Thornton Heath, CR7	2	Flat
£1,800	09/25	0.21 mi	. Dunheved Road, Croydon, Thornton Heath, CR7	2	Flat
£1,800	09/25	0.21 mi	. Dunheved Road, Croydon, Thornton Heath, CR7	2	Flat
£1,450	03/25	0.23 mi	-	2	Flat
£1,600	08/25	0.24 mi	70 Gary Court	2	Flat
£1,675	11/25	0.27 mi	Fiveacres Close, Thornton Heath, Surrey, CR7	2	Flat
£1,600	11/25	0.27 mi	Fiveacre Close, Thorton Heath	2	Flat
£1,700	04/24	0.27 mi	Lakehall Road, THORNTON HEATH	2	House
£1,650	05/24	0.27 mi	Lakehall Road, THORNTON HEATH	2	House
£1,600	03/24	0.27 mi	Fiveacre Close, Thornton Heath	2	Flat
£1,850	06/25	0.28 mi	-	2	Terraced House
£1,850	07/25	0.28 mi	-	2	Terraced House
£1,700	07/25	0.29 mi	Southwell Road, Croydon, London, CR0	2	Semi-Detached House
£1,650	03/24	0.3 mi	Gonville RoadThornton HeathSurrey	2	Flat
£1,650	03/24	0.3 mi	Gonville RoadThornton HeathSurrey	2	Flat
£1,650	10/25	0.3 mi	London Road, Thornton Heath, CR7	2	Flat
£1,600	06/25	0.3 mi	-	2	Flat
£1,600	07/25	0.3 mi	-	2	Flat
£1,850	07/25	0.31 mi	Southwell Road, Croydon, CR0	2	Flat
£1,600	02/25	0.31 mi	-	2	Flat
£1,700	02/25	0.31 mi	-	2	Flat
£1,700	02/25	0.31 mi	-	2	Flat
£1,700	02/25	0.31 mi	-	2	Flat
£1,700	02/25	0.31 mi	-	2	Flat
£1,700	02/25	0.31 mi	-	2	Flat
£1,700	03/25	0.31 mi	-	2	Flat
£1,700	02/25	0.31 mi	-	2	Flat
£1,700	03/25	0.31 mi	-	2	Flat
£1,650	03/25	0.31 mi	-	2	Flat
£1,600	04/25	0.31 mi	-	2	Flat
£1,500	06/25	0.31 mi	London Road, Thornton Heath, CR7	2	Flat
£1,600	01/25	0.32 mi	-	2	Terraced House
£1,695	06/25	0.32 mi	-	2	Flat
£1,695	06/25	0.32 mi	Gonville Road, London, CR7	2	Flat
£1,400	07/25	0.33 mi	London Road, Croydon, CR0 3PF	2	Flat
£1,500	06/25	0.33 mi	Lyndhurst Road, Thornton Heath, CR7	2	Flat
£1,800	04/24	0.34 mi	Bensham Lane, Thornton Heath, CR7	2	Terraced House
£1,850	07/25	0.34 mi	Bensham Lane, Thornton Heath, CR7	2	Terraced House

Local Area Statistics

Population in cr7	44,62044,620
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.70 miles away0.70 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 £270,000

November 8, 2024

Listed for £285,000

August 23, 2024

Floor Plans

Description

A bright and airy purpose-built flat located within proximity to bus connections, Mayday Hospital and local amenities.

This apartment comprises of two generously sized bedrooms, a spacious living room, kitchen adjacent and a family bathroom.

Further benefits include a long lease and no onward chain

TRANSPORT
Thornton Heath Station 0.7 miles
Ampere Way Tram Stop 0.8 miles
Therapia Lane Tram Stop 0.8 miles

Agent Details

Streets Ahead, Thornton Heath

020 4530 8247

Next Steps?

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

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