2 Bed Flat, Single Let, CR7 7HU, £250,000

London Road, Thornton Heath, CR7 7HU - 5 months ago

Leasehold
BTL
ROI: 7%
~82 m²
+7 photos

ValuationUndervalued

Sold Prices£151K - £395K
Sold Prices/m²£2.4K/m² - £6K/m²

 

 

Square Metres

~81.85 m²
Price/m²£3.1K/m²

Value Estimate

£302,500
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Total Cash In

£76,200

 

 

Cash Out

 

Rent Range

£1,450 - £2,503

Rent Estimate

£1,550

Running Costs/mo

£1,111

Cashflow/mo

£439

Cashflow/yr

£5,265

ROI

7%

Gross Yield

7%

Local Sold Prices

47 sold prices from £151K to £395K, average is £275K. £2.4K/m² to £6K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£195K12/220.11 mi30a, Broughton Road, Thornton Heath, Greater London CR7 6AL2
£286K05/230.45 mi46, Greenside Road, Croydon, Greater London CR0 3PL2
£280K06/210.47 mi127a, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BR2
£290K07/230.51 mi125, Queens Road, Croydon, Greater London CR0 2PT2
£260K09/210.51 mi125a, Queens Road, Croydon, Greater London CR0 2PT2
£340K09/220.53 mi53, Quadrant Road, Thornton Heath, Greater London CR7 7DB2
£255K03/230.53 mi69a, Greenside Road, Croydon, Greater London CR0 3PQ2
£259K05/210.62 miFlat A, 31, Galpins Road, Thornton Heath, Greater London CR7 6EL2
£260K09/220.63 mi53, St Christophers Gardens, Thornton Heath, Greater London CR7 7NS2
£260K09/210.65 mi62a, Warwick Road, Thornton Heath, Greater London CR7 7NE2
£287.5K08/230.65 mi56, Warwick Road, Thornton Heath, Greater London CR7 7NE2
£296.5K03/210.66 miGround Floor Flat, 23, Melfort Road, Thornton Heath, Greater London CR7 7RS2
£275K12/200.66 mi34, Totton Road, Thornton Heath, Greater London CR7 7QR2
£295K03/230.67 mi29a, Warwick Road, Thornton Heath, Greater London CR7 7NH2
£261K07/210.67 mi23, Warwick Road, Thornton Heath, Greater London CR7 7NH2
£295K08/210.68 mi216, Chancellor Court, Bensham Manor Road, Thornton Heath, Greater London CR7 7AW2
£295K11/210.69 mi16, Prestwood Gardens, Croydon, Greater London CR0 2TW2
£305K04/230.7 mi79, Onslow Road, Croydon, Greater London CR0 3NY2
£290K10/210.7 mi9, Kemsing Close, Thornton Heath, Greater London CR7 7AQ2
£320K02/230.72 mi121a, Melfort Road, Thornton Heath, Greater London CR7 7RX2
£265K08/210.73 mi17a, Henderson Road, Croydon, Greater London CR0 2QG2
£151K01/210.74 mi128, Melfort Road, Thornton Heath, Greater London CR7 7RP2
£245K03/230.77 mi11, Sumner Gardens, Croydon, Greater London CR0 3LP2
£220K03/230.77 mi183a, Whitehorse Road, Croydon, Greater London CR0 2LJ2
£300K03/210.78 miFirst Floor Flat, 211, Melfort Road, Thornton Heath, Greater London CR7 7RU2
£280K01/210.8 mi98, Eastney Road, Croydon, Greater London CR0 3TE2
£185K06/210.81 miFirst Floor Flat, 180, Melfort Road, Thornton Heath, Greater London CR7 7RQ2
£240K07/230.83 mi5, Gillett Road, Thornton Heath, Greater London CR7 8RL2
£270K02/230.83 mi46, Kelvin Gardens, Croydon, Greater London CR0 4UR2
£270K10/210.84 mi15, Norwich Road, Thornton Heath, Greater London CR7 8NA2
£345K11/210.85 mi37a, Parchmore Road, Thornton Heath, Greater London CR7 8LY2
£375K03/210.86 mi7, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£263K02/230.86 mi13a, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£285K11/200.86 mi53, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£268K03/210.86 mi6, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ2
£275K08/210.86 mi10, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ2
£295K12/220.88 mi63b, Saxon Road, London, Greater London SE25 5EH2
£270K01/230.88 mi181, Franklin Way, Croydon, Greater London CR0 4UX2
£256K06/210.89 mi139, Franklin Way, Croydon, Greater London CR0 4UX2
£307K08/210.94 mi62a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£275K06/210.94 mi64a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£300K04/230.94 mi70a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£294K03/230.94 mi31a, Clarence Road, Croydon, Greater London CR0 2EN2
£235K02/230.95 mi430a, Whitehorse Road, Thornton Heath, Greater London CR7 8SB2
£215K04/210.96 mi1, Rodney Close, Croydon, Greater London CR0 3RX2
£346K01/211 mi51a, Dagnall Park, London, Greater London SE25 5EG2
£395K06/211 miLower Flat, 21, Beatrice Avenue, London, Greater London SW16 4UW2

Local Rents

51 rents from £1.4K/mo to £2.5K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£2,27503/250.04 mi-2
£2,50303/250.04 mi-2
£1,75002/250.04 mi-2
£1,51702/250.12 mi-2
£1,55004/240.2 miQueens Court, Colliers Water Lane, Thornton Heath, CR72
£1,60004/240.22 miLondon Road, Thornton Heath, CR72
£1,45003/250.23 mi-2
£1,60003/240.26 miFiveacre Close, Thornton Heath2
£1,70004/240.26 miLakehall Road, THORNTON HEATH2
£1,65005/240.26 miLakehall Road, THORNTON HEATH2
£1,60001/250.3 mi-2
£1,65003/240.31 miGonville RoadThornton HeathSurrey2
£1,65003/240.31 miGonville RoadThornton HeathSurrey2
£1,60002/250.32 mi-2
£1,70002/250.32 mi-2
£1,70002/250.32 mi-2
£1,70002/250.32 mi-2
£1,70002/250.32 mi-2
£1,70002/250.32 mi-2
£1,70003/250.32 mi-2
£1,70002/250.32 mi-2
£1,70003/250.32 mi-2
£1,65002/250.32 mi-2
£1,60003/250.32 mi-2
£1,80004/240.33 miBensham Lane, Thornton Heath, CR72
£1,80004/240.33 miBensham Lane, Thornton Heath, CR72
£1,70002/240.33 mi-2
£1,55012/240.35 miLondon Road, Croydon, CR02
£1,80003/240.35 miThornton Road, Thornton Heath, CR72
£1,69902/250.35 mi-2
£1,75012/240.36 miMarden Crescent, Croydon, CR02
£1,75012/240.36 miMarden Crescent, Croydon, CR02
£1,70003/240.37 miBensham Lane, Thornton Heath2
£1,60003/240.37 miBensham Lane, CR72
£1,75012/240.37 miMarden Crescent, Croydon, CR02
£1,60005/240.37 mi-2
£1,60003/240.37 miVictoria Cross House, Thornton Heath, CR72
£2,00003/240.38 miBeverstone Road, Thornton Heath, CR72
£1,70003/250.38 mi-2
£1,85004/240.38 miBensham Lane, Thornton Heath, CR72
£1,85004/240.38 mi-2
£1,82002/250.38 mi-2
£1,70003/250.38 mi-2
£1,80012/240.4 miMarden Road 2
£1,55003/240.4 miBrigstock Road, Thornton Heath, CR72
£1,70005/240.41 miLondon Road, Thornton heath, Surrey, CR72
£1,57012/240.42 mi-2
£2,00002/250.42 mi-2
£1,50002/240.42 mi-2
£1,50005/240.43 mi-2
£1,50005/240.43 miBensham Lane, Thornton Heath, CR72

Local Area Statistics

Population in cr7

44,620

Nearest school

0.30 miles away

Nearest train station

0.70 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £250,000

November 12, 2024

Listed for £260,000

October 11, 2024

Floor Plans

Description

  • Top floor flat +

  • Two bedrooms +

  • Ample storage +

  • Sky light +

  • No onward chain +

  • Resident parking +

  • Close by to excellent transport links +

SUMMARY
New to the market, this spacious two double-bedroom top-floor flat offers a convenient location near Thornton Heath and Croydon, with a range of local amenities and excellent transport links.

DESCRIPTION
The property comprises a roomy living area with space for dining, two large bedrooms, a bathroom, and a fitted kitchen. Additional highlights include high ceilings, ample storage throughout, resident parking, and a long lease of 125 Years. With no onward chain, this property is an excellent choice for first-time buyers and a great investment opportunity for buy-to-let buyers.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnard Marcus, Thornton Heath

020 3835 3547

Next Steps?

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