2 Bed Flat, Single Let, CR7 7RL, £320,000

10 Melfort Road, Thornton Heath, Surrey, CR7 7RL - 3 views - 5 months ago

Sold STC
BTL
ROI: 2%
79 m²
+6 photos

ValuationUndervalued

Sold Prices£151K - £375K
Sold Prices/m²£2.4K/m² - £5.8K/m²

 

 

Square Metres

79 m²
Price/m²£4.1K/m²

Value Estimate

£362,083
BMV13%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£80,000

Stamp Duty & Legal Fees

£14,300

Total Cash In

£94,300

 

 

Cash Out

 

Rent Range

£1,400 - £2,100

Rent Estimate

£1,469

Running Costs/mo

£1,314

Cashflow/mo

£155

Cashflow/yr

£1,862

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £151K to £375K, average is £286.3K. £2.4K/m² to £5.8K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£296.5K03/210.02 miGround Floor Flat, 23, Melfort Road, Thornton Heath, Greater London CR7 7RS2
£290K10/210.16 mi9, Kemsing Close, Thornton Heath, Greater London CR7 7AQ2
£295K08/210.16 mi216, Chancellor Court, Bensham Manor Road, Thornton Heath, Greater London CR7 7AW2
£345K11/210.17 mi37a, Parchmore Road, Thornton Heath, Greater London CR7 8LY2
£270K10/210.17 mi15, Norwich Road, Thornton Heath, Greater London CR7 8NA2
£340K09/220.17 mi53, Quadrant Road, Thornton Heath, Greater London CR7 7DB2
£375K03/210.22 mi7, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£263K02/230.22 mi13a, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£285K11/200.22 mi53, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£320K02/230.22 mi121a, Melfort Road, Thornton Heath, Greater London CR7 7RX2
£151K01/210.22 mi128, Melfort Road, Thornton Heath, Greater London CR7 7RP2
£268K03/210.26 mi6, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ2
£275K08/210.26 mi10, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ2
£240K07/230.28 mi5, Gillett Road, Thornton Heath, Greater London CR7 8RL2
£307K08/210.3 mi62a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£275K06/210.3 mi64a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£300K04/230.3 mi70a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£325K10/220.34 mi3, Natal Road, Thornton Heath, Greater London CR7 8QH2
£300K03/210.36 miFirst Floor Flat, 211, Melfort Road, Thornton Heath, Greater London CR7 7RU2
£185K06/210.36 miFirst Floor Flat, 180, Melfort Road, Thornton Heath, Greater London CR7 7RQ2
£280K06/210.37 mi127a, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BR2
£255K06/210.42 mi57a, Bensham Grove, Thornton Heath, Greater London CR7 8DD2
£275K12/200.44 mi34, Totton Road, Thornton Heath, Greater London CR7 7QR2
£235K02/230.45 mi430a, Whitehorse Road, Thornton Heath, Greater London CR7 8SB2
£273K11/200.5 mi86, Windsor Road, Thornton Heath, Greater London CR7 8HF2
£240K05/230.51 mi5, Parchmore Way, Thornton Heath, Greater London CR7 8HL2
£308.6K09/210.52 mi8, Beulah Crescent, Thornton Heath, Greater London CR7 8JL2
£307.5K06/210.55 mi53, Hythe Road, Thornton Heath, Greater London CR7 8QR2
£225K11/200.56 miFlat 7, Westminster Court, Osborne Gardens, Thornton Heath, Greater London CR7 8PA2
£260K09/210.57 mi62a, Warwick Road, Thornton Heath, Greater London CR7 7NE2
£287.5K08/230.57 mi56, Warwick Road, Thornton Heath, Greater London CR7 7NE2
£295K12/220.58 mi63b, Saxon Road, London, Greater London SE25 5EH2
£325K11/210.59 mi199, Grange Road, London, Greater London SE25 6TG2
£328.8K02/230.59 miFlat 2, Barclay House, Clifton Road, London, Greater London SE25 6PZ2
£295K03/230.61 mi29a, Warwick Road, Thornton Heath, Greater London CR7 7NH2
£261K07/210.61 mi23, Warwick Road, Thornton Heath, Greater London CR7 7NH2
£288K02/210.62 mi68a, Holmesdale Road, London, Greater London SE25 6JF2
£265K08/210.63 mi17a, Henderson Road, Croydon, Greater London CR0 2QG2
£273K12/200.63 miGround Floor Flat, 118, Burlington Road, Thornton Heath, Greater London CR7 8PF2
£260K09/220.64 mi53, St Christophers Gardens, Thornton Heath, Greater London CR7 7NS2
£290K02/210.67 mi179, Mersham Road, Thornton Heath, Greater London CR7 8NU2
£289K02/210.67 mi181, Mersham Road, Thornton Heath, Greater London CR7 8NU2
£220K03/230.72 mi183a, Whitehorse Road, Croydon, Greater London CR0 2LJ2
£365K11/220.72 mi227, Mersham Road, Thornton Heath, Greater London CR7 8NW2
£346K01/210.72 mi51a, Dagnall Park, London, Greater London SE25 5EG2
£207.5K07/210.73 mi221a, Whitehorse Lane, London, Greater London SE25 6UU2
£330K04/210.74 mi301, Grange Road, London, Greater London SE25 6TD2
£302K12/200.75 mi212, Northwood Road, Thornton Heath, Greater London CR7 8HT2
£265K11/210.75 mi208, Northwood Road, Thornton Heath, Greater London CR7 8HT2
£259K05/210.76 miFlat A, 31, Galpins Road, Thornton Heath, Greater London CR7 6EL2

Local Rents

50 rents from £1.4K/mo to £2.1K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,80003/250.09 mi-2
£1,45002/240.1 mi-2
£1,65002/240.13 mi-2
£1,65004/240.15 miQuadrant Road, Thornton Heath2
£1,65002/240.17 mi-2
£1,65003/240.17 mi-2
£1,60012/240.18 mi-2
£1,70002/250.18 mi-2
£1,75002/250.18 mi-2
£1,80002/250.18 mi-2
£1,75002/250.18 mi-2
£1,75002/250.18 mi-2
£1,75002/250.18 mi-2
£1,75002/250.18 mi-2
£1,75002/250.18 mi-2
£1,75002/250.18 mi-2
£1,75002/250.18 mi-2
£1,75002/250.18 mi-2
£1,70003/250.18 mi-2
£1,70003/250.18 mi-2
£1,70003/250.18 mi-2
£1,70003/250.18 mi-2
£1,80004/240.18 mi-2
£1,80012/240.18 mi-2
£1,50012/240.19 mi-2
£1,65004/240.19 miMelfort Road, Thornton Heath, CR72
£1,65005/240.19 mi-2
£1,55004/240.2 miBoswell Road, Thornton Heath, Surrey, CR72
£1,60003/240.2 mi-2
£1,47512/240.2 mi-2
£1,40003/240.2 miBoswell Road, CR72
£1,75002/240.21 mi-2
£1,50004/240.24 mi-2
£1,75003/250.24 mi-2
£1,50005/240.26 miBensham Lane, Thornton Heath, CR72
£1,50005/240.26 mi-2
£1,55001/250.27 mi-2
£2,00002/250.27 mi-2
£1,97503/250.28 mi-2
£1,57012/240.28 mi-2
£1,55003/240.29 miBrigstock Road, Thornton Heath, CR72
£1,90002/240.3 mi-2
£1,65002/240.31 mi-2
£1,65003/240.31 mi-2
£1,65003/240.31 mi-2
£2,10001/250.33 mi-2
£2,00003/240.33 mi-2
£2,05003/240.33 mi-2
£1,60004/240.33 miBeulah Road, Thornton Heath, CR7 8JG2
£1,80002/240.33 mi-2

Local Area Statistics

Population in cr7

44,620

Nearest school

0.30 miles away

Nearest train station

0.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £320,000

October 31, 2024

Floor Plans

Description

  • Two Double Bedrooms +
  • Lounge +
  • Large Fitted Kitchen/Breakfast Room +
  • Modern Bathroom +
  • Own Large Rear Garden +
  • Double Glazing +
  • Gas Central Heating +
  • Character Features +
  • Modernised & Redecorated +
  • No Onward Chain +

Situated in a highly convenient location within a 5-10 minute walk of most local amenities including Thornton Heath train station, bus routes, local shops, supermarket, Leisure Centre, library and well regarded schools.  This spacious two double bedroom ground floor apartment benefits from high ceilings, character features, a truly large and contemporary fitted kitchen/breakfast room, its own large and well kept rear garden.  Highly recommended.  No onward chain!

Agent Details

Kingsbury Estate Agents, Thornton Heath

020 8689 0808

Next Steps?

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