3 Bed Terraced House, Planning Permission, CR7 6DG, £450,000

Mayfield Road, Thornton Heath, CR7 6DG - 3 views - 5 months ago

Planning

ROI: 2%

~93 m²

+4 photos

ValuationOvervalued

Sold Prices	£340K - £615K
Sold Prices/m²	£3.2K/m² - £5.4K/m²

Square Metres	~93 m²
Price/m²	£4.8K/m²
Value Estimate	£423,458£423,458

End Value (After Refurb)	£432,750£432,750

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£112,500£112,500
Stamp Duty & Legal Fees	£24,700£24,700
Refurb Costs	£49,200£49,200
Bridging Loan Interest	£11,813£11,813
Total Cash In	£199,963£199,963

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£432,750£432,750
Mortgage (After Refinance)	£324,563£324,563
Mortgage LTV	75%75%
Cash Left In	£199,963£199,963
Equity	£108,188£108,188
Rent Range	£1,700 - £2,400£1,700 - £2,400
Rent Estimate	£2,057
Running Costs/mo	£1,784£1,784
Cashflow/mo	£273£273
Cashflow/yr	£3,279£3,279
ROI	2%2%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £340K to £615K, average is £445K. £3.2K/m² to £5.4K/m², average is £4.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£380K	02/21	0.06 mi	207, Silverleigh Road, Thornton Heath, Greater London CR7 6DT	£4,691	81	3	Terraced House
£405K	04/21	0.06 mi	190, Silverleigh Road, Thornton Heath, Greater London CR7 6DS	-	-	3	Terraced House
£340K	03/21	0.08 mi	78, Mayfield Road, Thornton Heath, Greater London CR7 6DJ	-	-	3	Terraced House
£520K	01/23	0.08 mi	129, Fairlands Avenue, Thornton Heath, Greater London CR7 6HJ	£4,727	110	3	Terraced House
£425K	03/21	0.12 mi	65, Mayfield Road, Thornton Heath, Greater London CR7 6DN	£4,830	88	3	Terraced House
£440K	08/21	0.12 mi	78, Silverleigh Road, Thornton Heath, Greater London CR7 6DW	-	-	3	Terraced House
£470K	06/23	0.12 mi	57, Gonville Road, Thornton Heath, Greater London CR7 6DF	-	-	3	Terraced House
£475K	02/21	0.16 mi	89, Leander Road, Thornton Heath, Greater London CR7 6JZ	£4,481	106	3	Terraced House
£470K	03/21	0.16 mi	101, Leander Road, Thornton Heath, Greater London CR7 6JZ	-	-	3	Terraced House
£506.3K	12/22	0.16 mi	8, Kirklees Road, Thornton Heath, Greater London CR7 6HP	-	-	3	Terraced House
£420K	05/21	0.16 mi	3, Mayfield Crescent, Thornton Heath, Greater London CR7 6DH	-	-	3	Semi-Detached House
£507K	05/23	0.17 mi	118, Leander Road, Thornton Heath, Greater London CR7 6JW	-	-	3	Terraced House
£425K	06/21	0.17 mi	11, Fairlands Avenue, Thornton Heath, Greater London CR7 6HD	-	-	3	Terraced House
£476K	04/23	0.18 mi	52, Grove Road, Thornton Heath, Greater London CR7 6HL	-	-	3	Terraced House
£456K	06/22	0.18 mi	231, Silverleigh Road, Thornton Heath, Greater London CR7 6DX	£4,800	95	3	Semi-Detached House
£407K	06/21	0.19 mi	235, Silverleigh Road, Thornton Heath, Greater London CR7 6DX	-	-	3	Terraced House
£440K	03/21	0.19 mi	46, Fairlands Avenue, Thornton Heath, Greater London CR7 6HA	-	-	3	Terraced House
£470K	03/23	0.22 mi	4, Grove Road, Thornton Heath, Greater London CR7 6HH	-	-	3	Terraced House
£450K	10/21	0.24 mi	137, Galpins Road, Thornton Heath, Greater London CR7 6EU	-	-	3	Terraced House
£475K	02/23	0.25 mi	158, Galpins Road, Thornton Heath, Greater London CR7 6EF	-	-	3	Terraced House
£615K	02/22	0.3 mi	4, Namton Drive, Thornton Heath, Greater London CR7 6EP	£5,364	115	3	Detached House
£432K	07/21	0.3 mi	57, Dovercourt Avenue, Thornton Heath, Greater London CR7 7LJ	£3,200	135	3	Terraced House
£438K	02/21	0.3 mi	42, Whitehall Road, Thornton Heath, Greater London CR7 6AE	-	-	3	Semi-Detached House
£450K	03/21	0.3 mi	58, Headcorn Road, Thornton Heath, Greater London CR7 6JP	£3,898	115	3	Terraced House
£530K	12/22	0.33 mi	66, Broughton Road, Thornton Heath, Greater London CR7 6AL	£4,818	110	3	Semi-Detached House
£500K	01/23	0.34 mi	62, Broughton Road, Thornton Heath, Greater London CR7 6AL	-	-	3	Semi-Detached House
£480K	03/23	0.35 mi	69, Wharfedale Gardens, Thornton Heath, Greater London CR7 6LE	£4,528	106	3	Terraced House
£435K	06/21	0.35 mi	38, Colliers Water Lane, Thornton Heath, Greater London CR7 7LA	£4,794	91	3	Terraced House
£400K	02/23	0.36 mi	4, Harcourt Road, Thornton Heath, Greater London CR7 6BU	-	-	3	Terraced House
£375K	04/23	0.36 mi	64, Berkshire Way, Mitcham, Greater London CR4 1QT	-	-	3	Terraced House
£432.5K	06/23	0.36 mi	22, Ramsey Road, Thornton Heath, Greater London CR7 6BX	-	-	3	Terraced House
£500K	03/21	0.37 mi	9, Langdale Road, Thornton Heath, Greater London CR7 7PS	-	-	3	Terraced House
£460K	09/21	0.37 mi	19, Langdale Road, Thornton Heath, Greater London CR7 7PS	-	-	3	Terraced House
£408K	09/20	0.38 mi	61, Raymead Avenue, Thornton Heath, Greater London CR7 7SB	£3,163	129	3	Detached House
£425K	03/21	0.38 mi	326, Galpins Road, Thornton Heath, Greater London CR7 6EH	-	-	3	Semi-Detached House
£455K	04/21	0.38 mi	348, Galpins Road, Thornton Heath, Greater London CR7 6EH	£5,112	89	3	Semi-Detached House
£390K	02/21	0.38 mi	320, Galpins Road, Thornton Heath, Greater London CR7 6EH	£4,194	93	3	Terraced House
£430K	12/22	0.38 mi	298, Galpins Road, Thornton Heath, Greater London CR7 6EH	-	-	3	Terraced House
£380K	08/21	0.39 mi	47, Lindsey Close, Mitcham, Greater London CR4 1XQ	£3,725	102	3	Terraced House
£416K	12/20	0.39 mi	46, Oaklands Avenue, Thornton Heath, Greater London CR7 7PH	-	-	3	Terraced House
£455K	03/21	0.39 mi	8, Oaklands Avenue, Thornton Heath, Greater London CR7 7PH	£4,691	97	3	Terraced House
£425K	01/21	0.4 mi	45, Malvern Road, Thornton Heath, Greater London CR7 7LW	£5,313	80	3	Semi-Detached House
£400K	06/21	0.4 mi	42, Malvern Road, Thornton Heath, Greater London CR7 7LQ	-	-	3	Terraced House
£475K	08/22	0.4 mi	31, Wharfedale Gardens, Thornton Heath, Greater London CR7 6LD	£4,318	110	3	Semi-Detached House
£450K	06/21	0.4 mi	19, Wharfedale Gardens, Thornton Heath, Greater London CR7 6LD	£4,206	107	3	Terraced House
£450K	06/21	0.4 mi	19, Wharfedale Gardens, Thornton Heath, Greater London CR7 6LD	£4,206	107	3	Terraced House
£570K	04/21	0.42 mi	10a, Forrest Gardens, London, Greater London SW16 4LP	-	-	3	Semi-Detached House
£385K	12/22	0.42 mi	64, Kent Close, Mitcham, Greater London CR4 1XP	-	-	3	Terraced House
£470K	12/20	0.43 mi	72, Pollards Hill South, London, Greater London SW16 4NB	£4,476	105	3	Terraced House
£380K	12/20	0.44 mi	80, Tavistock Crescent, Mitcham, Greater London CR4 1QG	£4,578	83	3	Semi-Detached House

Local Rents

42 rents from £1.7K/mo to £2.4K/mo, average is £2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,000	02/24	0.02 mi	-	3	Terraced House
£2,000	12/24	0.13 mi	Ashley Road, Thornton Heath	3	Terraced House
£2,000	03/24	0.19 mi	Fairlands Avenue, Thornton Heath, CR7	3	Terraced House
£1,850	03/25	0.21 mi	-	3	Flat
£1,950	01/25	0.21 mi	-	3	Flat
£1,800	03/25	0.22 mi	-	3	Flat
£1,700	03/24	0.25 mi	London Road, Thornton Heath, CR7	3	Flat
£2,300	04/24	0.27 mi	Galpins Road, Norbury	3	House
£2,250	04/24	0.27 mi	Galpins Road Thornton Heath CR7	3	Terraced House
£2,300	02/25	0.31 mi	-	3	Terraced House
£2,200	05/24	0.35 mi	Colliers Water Lane, CR7	3	Terraced House
£1,950	02/24	0.38 mi	-	3	Flat
£1,950	03/24	0.38 mi	Warwick Gardens, London, CR7	3	Flat
£1,900	03/24	0.38 mi	Warwick Gardens, London Road, Thornton Heath, CR7	3	Flat
£1,750	03/24	0.38 mi	Warwick Gardens, London Road, Thornton Heath, CR7	3	Flat
£2,250	09/24	0.42 mi	Pollards Hill South, London, SW16	3	Detached House
£2,100	03/24	0.43 mi	Oaklands Avenue, Thornton Heath	3	Flat
£2,250	09/24	0.43 mi	Pollards Hill South, Streatham	3	Flat
£1,900	12/24	0.44 mi	-	3	Terraced House
£2,000	03/24	0.45 mi	Keston Road, CR7	3	Semi-Detached House
£2,100	03/24	0.45 mi	Keston Road, CR7	3	Terraced House
£2,100	03/24	0.45 mi	Keston Road, THORNTON HEATH	3	Flat
£2,100	03/24	0.45 mi	Keston Road, THORNTON HEATH	3	Flat
£2,100	04/24	0.45 mi	Keston Road, THORNTON HEATH	3	House
£2,100	04/24	0.45 mi	Keston Road, THORNTON HEATH	3	House
£2,100	04/24	0.45 mi	Keston Road, THORNTON HEATH	3	House
£2,000	03/24	0.47 mi	Beverstone Road, THORNTON HEATH	3	Flat
£2,100	04/24	0.48 mi	Beverstone Road, Thornton Heath, Surrey, CR7	3	Terraced House
£2,200	03/25	0.5 mi	-	3	Terraced House
£2,000	04/24	0.51 mi	-	3	Terraced House
£2,200	01/25	0.54 mi	-	3	Terraced House
£2,200	12/24	0.54 mi	-	3	Terraced House
£2,000	02/25	0.55 mi	-	3	Terraced House
£2,200	03/24	0.55 mi	-	3	Terraced House
£1,850	03/24	0.56 mi	Penshurst Road, Thornton Heath, CR7	3	Terraced House
£1,900	03/24	0.56 mi	Woodcroft Road, Thornton Heath	3	Terraced House
£2,300	03/25	0.57 mi	-	3	Terraced House
£2,400	12/24	0.58 mi	Mitcham Road, Croydon, CR0	3	Terraced House
£2,000	04/24	0.6 mi	Norman Road, Thornton Heath, CR7	3	Terraced House
£2,000	12/24	0.61 mi	Cecil Road, Croydon, CR0	3	Terraced House
£2,400	02/24	0.61 mi	-	3	Terraced House
£2,000	03/24	0.62 mi	Warlingham Road, THORNTON HEATH	3	Flat

Local Area Statistics

Population in cr7	44,62044,620
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.75 miles away0.75 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

Listed for £450,000

October 11, 2024

Floor Plans

Description

THREE BEDROOMS +
END OF TERRACE +
QUIET RESIDENTIAL STREET +
LOCAL OUTSTANDING SCHOOLS +
LARGE GARDEN +
AMPLE INTERNAL SPACE +
EXTENSION POTENTIAL +
FAMILY HOME +

Haart is proud to present this spacious and well-maintained three-bedroom end-of-terrace house, built circa 1930.

Located on a charming residential street, this property offers easy access to supermarkets, parks, cafes, restaurants, sought-after schools, and excellent transportation links.

The home features a front garden with potential for conversion into off-street parking, a lovely through lounge, and a modern fitted kitchen with ample storage. The spacious private rear garden is perfect for family enjoyment. On the first floor, you’ll find three well-proportioned bedrooms, two of which include built-in storage, along with a generous family bathroom with modern fixtures and fittings.

Additional benefits include a good-sized loft, ideal for conversion (subject to planning permission), double glazing throughout, and a combination boiler (untested).

Agent Details

haart, Thornton Heath

020 3909 8975

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

4 Bed House, Planning Permission, CR7 6DT

£550,000

21 days ago • 129 m²

3 Bed House, Planning Permission, CR7 6AF

£470,000

1 views • 5 months ago • 93 m²

3 Bed House, Planning Permission, CR7 7PD

£500,000

7 views • 2 months ago • 93 m²