2 Bed Flat, Single Let, CR7 7NB £230,000

35 Warwick Gardens, Thornton Heath, Greater London, CR7 7NB - 7 views - a year ago

Under Offer

Leasehold

BTL

ROI: 7%

64 m²

ValuationUndervalued

Sold Prices	£184K - £395K
Sold Prices/m²	£2.6K/m² - £7.4K/m²

Square Metres	64 m²
Price/m²	£3.6K/m²
Value Estimate	£282,900£282,900
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£57,500£57,500
Stamp Duty & Legal Fees	£8,100£8,100
Total Cash In	£65,600£65,600

Cash Out
Rent Range	£875 - £2,100£875 - £2,100
Rent Estimate	£1,431
Running Costs/mo	£1,025£1,025
Cashflow/mo	£406£406
Cashflow/yr	£4,873£4,873
ROI	7%7%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £184K to £395K, average is £275K. £2.6K/m² to £7.4K/m², average is £4.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£225.6K	10/24	0.02 mi	Warwick Gardens, 61, London Road, Thornton Heath CR7 7NB	£4,178	54	2	Flat
£260K	09/22	0.05 mi	53, St Christophers Gardens, Thornton Heath, Greater London CR7 7NS	£4,333	60	2	Flat
£190K	03/25	0.07 mi	1, St Christopher's Gardens, Thornton Heath CR7 7NS	£4,750	40	2	Flat
£190K	03/25	0.07 mi	1, St Christopher's Gardens, Thornton Heath CR7 7NS	-	-	2	Flat
£231K	02/25	0.09 mi	17, Warwick Road, Thornton Heath CR7 7NH	£3,850	60	2	Flat
£231K	02/25	0.09 mi	17, Warwick Road, Thornton Heath CR7 7NH	-	-	2	Flat
£295K	03/23	0.1 mi	29a, Warwick Road, Thornton Heath, Greater London CR7 7NH	-	-	2	Flat
£261K	07/21	0.1 mi	23, Warwick Road, Thornton Heath, Greater London CR7 7NH	-	-	2	Flat
£260K	09/21	0.11 mi	62a, Warwick Road, Thornton Heath, Greater London CR7 7NE	£4,552	57	2	Flat
£287.5K	08/23	0.11 mi	56, Warwick Road, Thornton Heath, Greater London CR7 7NE	£5,044	57	2	Flat
£250K	03/25	0.18 mi	26, Jubilee Court, London Road, Thornton Heath CR7 6JL	£4,167	60	2	Flat
£250K	03/25	0.18 mi	26, Jubilee Court, London Road, Thornton Heath CR7 6JL	-	-	2	Flat
£275K	04/25	0.35 mi	Flat 20, Gala Court, London Road, Thornton Heath CR7 6EQ	£3,198	86	2	Flat
£275K	04/25	0.35 mi	Flat 20, Gala Court, London Road, Thornton Heath CR7 6EQ	-	-	2	Flat
£312K	10/24	0.43 mi	176, Ground Floor Flat At, Melfort Road, Thornton Heath, Greater London CR7 7RQ	-	-	2	Flat
£185K	06/21	0.43 mi	First Floor Flat, 180, Melfort Road, Thornton Heath, Greater London CR7 7RQ	£2,984	62	2	Flat
£395K	06/21	0.44 mi	Lower Flat, 21, Beatrice Avenue, London, Greater London SW16 4UW	-	-	2	Flat
£320K	02/23	0.47 mi	121a, Melfort Road, Thornton Heath, Greater London CR7 7RX	£4,776	67	2	Flat
£340K	09/22	0.47 mi	53, Quadrant Road, Thornton Heath, Greater London CR7 7DB	£5,397	63	2	Flat
£184K	04/25	0.48 mi	35, Carew Road, Thornton Heath CR7 7RF	£3,852	48	2	Flat
£184K	04/25	0.48 mi	35, Carew Road, Thornton Heath CR7 7RF	-	-	2	Flat
£280K	11/24	0.51 mi	198-200, Flat E, Brigstock Road, Thornton Heath CR7 7JD	£4,118	68	2	Flat
£310K	12/24	0.52 mi	6a, Flat 2, Quadrant Road, Thornton Heath CR7 7DA	£4,189	74	2	Flat
£235K	02/25	0.53 mi	Flat 2, 12, Elliott Road, Thornton Heath CR7 7QA	£5,595	42	2	Flat
£235K	02/25	0.53 mi	Flat 2, 12, Elliott Road, Thornton Heath CR7 7QA	-	-	2	Flat
£275K	08/21	0.61 mi	10, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ	£4,911	56	2	Flat
£260K	07/25	0.61 mi	12, Wychwood Avenue, Thornton Heath CR7 8AQ	-	-	2	Flat
£195K	12/22	0.61 mi	30a, Broughton Road, Thornton Heath, Greater London CR7 6AL	-	-	2	Flat
£325K	04/25	0.62 mi	Flat 2, 1346a, London Road, Norbury, London SW16 4DG	£5,078	64	2	Flat
£265K	12/24	0.62 mi	41b, Windsor Road, Thornton Heath CR7 8HG	-	-	2	Flat
£300K	08/24	0.63 mi	28a, Beulah Road, Thornton Heath CR7 8JE	£3,846	78	2	Flat
£368K	03/25	0.64 mi	7, 230 Burkitt House, Norbury Avenue, Thornton Heath CR7 8AJ	£5,493	67	2	Flat
£368K	03/25	0.64 mi	7, 230 Burkitt House, Norbury Avenue, Thornton Heath CR7 8AJ	-	-	2	Flat
£320K	09/24	0.65 mi	98, Windsor Road, Thornton Heath CR7 8HF	£5,333	60	2	Flat
£263K	02/23	0.65 mi	13a, Beulah Road, Thornton Heath, Greater London CR7 8JH	£4,782	55	2	Flat
£320K	06/25	0.66 mi	221, Parchmore Road, Thornton Heath CR7 8HH	£5,714	56	2	Flat
£320K	06/25	0.66 mi	221, Parchmore Road, Thornton Heath CR7 8HH	-	-	2	Flat
£225K	11/24	0.68 mi	133a, Parchmore Road, Thornton Heath CR7 8LZ	£2,586	87	2	Flat
£345K	11/21	0.69 mi	37a, Parchmore Road, Thornton Heath, Greater London CR7 8LY	£3,557	97	2	Flat
£285K	05/25	0.71 mi	11, 180 Queensbury Court, Parchmore Road, Thornton Heath CR7 8SL	-	-	2	Flat
£285K	05/25	0.71 mi	11, 180 Queensbury Court, Parchmore Road, Thornton Heath CR7 8SL	£6,064	47	2	Flat
£240K	05/23	0.72 mi	5, Parchmore Way, Thornton Heath, Greater London CR7 8HL	-	-	2	Flat
£285K	12/22	0.73 mi	155, Wide Way, Mitcham, Greater London CR4 1BQ	-	-	2	Flat
£320K	11/22	0.73 mi	157, Wide Way, Mitcham, Greater London CR4 1BQ	£7,442	43	2	Flat
£280K	06/21	0.75 mi	127a, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BR	£4,912	57	2	Flat
£295K	08/21	0.75 mi	216, Chancellor Court, Bensham Manor Road, Thornton Heath, Greater London CR7 7AW	£4,097	72	2	Flat
£330K	07/25	0.75 mi	9, Norfolk Road, Thornton Heath CR7 8ND	-	-	2	Flat
£290K	10/21	0.76 mi	9, Kemsing Close, Thornton Heath, Greater London CR7 7AQ	-	-	2	Flat
£255K	06/21	0.76 mi	57a, Bensham Grove, Thornton Heath, Greater London CR7 8DD	£3,515	73	2	Flat
£270K	10/21	0.77 mi	15, Norwich Road, Thornton Heath, Greater London CR7 8NA	£4,821	56	2	Flat

Local Rents

50 rents from £875/mo to £2.1K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,800	09/25	0.01 mi	Warwick Gardens, Thornton Heath	2	Flat
£1,650	11/25	0.03 mi	Warwick Gardens, London Road, Thornton Heath, CR7	2	Flat
£1,650	11/25	0.03 mi	Warwick Gardens, London Road, Thornton Heath, CR7	2	Flat
£1,600	11/25	0.03 mi	Warwick Gardens, London Road, Thornton Heath, CR7	2	Flat
£1,650	11/25	0.03 mi	Warwick Gardens, Thornton Heath	2	Flat
£1,600	10/25	0.03 mi	Warwick Gardens, Thornton Heath	2	Flat
£1,850	07/25	0.04 mi	London Road, Thornton Heath, CR7	2	Flat
£1,625	10/25	0.05 mi	-	2	Flat
£1,599	09/25	0.06 mi	St. Christophers Gardens, London, CR7	2	Flat
£1,595	10/25	0.06 mi	St. Christophers Gardens, London, CR7	2	Flat
£1,595	10/25	0.06 mi	-	2	Flat
£1,595	09/25	0.06 mi	-	2	Flat
£1,600	05/25	0.07 mi	St. Christophers Gardens, Thornton Heath	2	Flat
£1,300	07/25	0.07 mi	London Road, THORNTON HEATH	2	Flat
£1,550	06/25	0.1 mi	London Road, Thornton Heath, CR7	2	Flat
£1,700	09/25	0.1 mi	London Road, Thornton Heath, CR7	2	Flat
£1,750	09/25	0.13 mi	Galpins Road, CR7	2	Flat
£1,300	03/24	0.14 mi	Heathview Road, THORNTON HEATH	2	Flat
£2,000	11/25	0.15 mi	Galpins Road, Norbury, Thornton Heath, CR7	2	Flat
£1,600	03/24	0.16 mi	Wiltshire Road, Thornton Heath	2	Flat
£1,700	05/24	0.17 mi	London Road, Thornton heath, Surrey, CR7	2	Flat
£1,650	10/25	0.19 mi	-	2	Flat
£1,700	10/25	0.21 mi	-	2	Flat
£1,600	08/25	0.21 mi	Galpins Road, Thornton Heath, CR7	2	Flat
£1,850	02/24	0.21 mi	-	2	Terraced House
£1,550	09/25	0.23 mi	-	2	Flat
£1,550	08/25	0.23 mi	London Road, London, SW16	2	Flat
£1,800	09/24	0.24 mi	B London Road, London	2	Flat
£1,500	06/25	0.24 mi	Lyndhurst Road, Thornton Heath, CR7	2	Flat
£875	05/25	0.24 mi	-	2	Flat
£1,900	05/24	0.26 mi	Winterbourne Road	2	Terraced House
£1,750	10/25	0.26 mi	Winterbourne Road, Thornton Heath	2	Terraced House
£1,500	06/25	0.26 mi	London Road, Thornton Heath, CR7	2	Flat
£1,850	07/25	0.26 mi	London Road	2	Flat
£1,700	09/24	0.26 mi	London Road	2	Flat
£1,600	02/25	0.26 mi	-	2	Flat
£1,700	02/25	0.26 mi	-	2	Flat
£1,700	02/25	0.26 mi	-	2	Flat
£1,700	02/25	0.26 mi	-	2	Flat
£1,700	02/25	0.26 mi	-	2	Flat
£1,700	02/25	0.26 mi	-	2	Flat
£1,700	02/25	0.26 mi	-	2	Flat
£1,700	03/25	0.26 mi	-	2	Flat
£1,700	03/25	0.26 mi	-	2	Flat
£1,650	03/25	0.26 mi	-	2	Flat
£1,600	04/25	0.26 mi	-	2	Flat
£1,650	10/25	0.27 mi	London Road, Thornton Heath, CR7	2	Flat
£1,475	03/24	0.27 mi	Galpins Road	2	Flat
£1,550	04/25	0.28 mi	-	2	Flat
£2,100	07/25	0.29 mi	-	2	Flat

Local Area Statistics

Population in cr7	44,62044,620
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.71 miles away0.71 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

Listed for £230,000

September 25, 2024

Sold for £93,500

2003

Floor Plans

Description

2 Bedroom flat on the ground floor +
Off-street Parking +
2 well-sized bedroom with large windows +
Separate bathroom and WC +
Situated on the main road of Norbury +
Easy access to shops and restaurants on London Road +
Thorton Heath Station being the closest station +

This 2 bedroom flat on the ground floor features off-street parking, 2 well-sized bedroom with large windows, extra storage space, separate bathroom and WC.

Situated on the main road of Norbury, Warwick Garden offers excellent convenience to shops and restaurants along London Road with Thorton Heath Station being the closest station.

Please use the reference CHPK3568769 when contacting Foxtons.

Agent Details

Foxtons, Norbury

020 4538 8006

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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