2 Bed Flat, Single Let, CR7 8HT, £250,000

Northwood Road, Thornton Heath, CR7 8HT - 5 months ago

Leasehold
BTL
ROI: 6%
~62 m²
+6 photos

ValuationUndervalued

Sold Prices£185K - £442.5K
Sold Prices/m²£3K/m² - £6.5K/m²

 

 

Square Metres

~61.87 m²
Price/m²£4K/m²

Value Estimate

£292,413
BMV17%

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

£1,400 - £2,100

Rent Estimate

£1,456

Running Costs/mo

£1,092

Cashflow/mo

£364

Cashflow/yr

£4,363

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £185K to £442.5K, average is £300K. £3K/m² to £6.5K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£302K12/200 mi212, Northwood Road, Thornton Heath, Greater London CR7 8HT2
£265K11/210.01 mi208, Northwood Road, Thornton Heath, Greater London CR7 8HT2
£273K12/200.15 miGround Floor Flat, 118, Burlington Road, Thornton Heath, Greater London CR7 8PF2
£225K11/200.2 miFlat 7, Westminster Court, Osborne Gardens, Thornton Heath, Greater London CR7 8PA2
£308.6K09/210.23 mi8, Beulah Crescent, Thornton Heath, Greater London CR7 8JL2
£290K02/210.28 mi179, Mersham Road, Thornton Heath, Greater London CR7 8NU2
£289K02/210.28 mi181, Mersham Road, Thornton Heath, Greater London CR7 8NU2
£365K11/220.29 mi227, Mersham Road, Thornton Heath, Greater London CR7 8NW2
£300K12/200.31 mi294, Grange Road, Upper Norwood, London, Greater London SE19 3DF2
£330K04/210.33 mi301, Grange Road, London, Greater London SE25 6TD2
£335K03/210.33 mi24, Spurgeon Road, London, Greater London SE19 3UF2
£255K06/210.35 mi57a, Bensham Grove, Thornton Heath, Greater London CR7 8DD2
£240K05/230.37 mi5, Parchmore Way, Thornton Heath, Greater London CR7 8HL2
£442.5K05/230.38 mi1e, Beulah Hill, London, Greater London SE19 3LQ2
£321.6K02/230.39 mi145, Menlo Gardens, London, Greater London SE19 3DX2
£325K11/210.4 mi199, Grange Road, London, Greater London SE25 6TG2
£307.5K06/210.41 mi53, Hythe Road, Thornton Heath, Greater London CR7 8QR2
£250K07/210.41 mi8, Menlo Gardens, London, Greater London SE19 3DU2
£320K06/210.43 mi33, Freethorpe Close, London, Greater London SE19 3LX2
£300K02/210.43 miFlat 14, South View Court, The Woodlands, London, Greater London SE19 3EJ2
£305K11/210.43 mi68, The Woodlands, London, Greater London SE19 3EH2
£305K11/210.43 mi68, The Woodlands, London, Greater London SE19 3EH2
£265K03/230.44 mi28, Priory Crescent, London, Greater London SE19 3EE2
£273K11/200.45 mi86, Windsor Road, Thornton Heath, Greater London CR7 8HF2
£290K04/210.46 mi98, Priory Crescent, London, Greater London SE19 3EF2
£275K01/230.48 mi65, Highfield Hill, London, Greater London SE19 3PT2
£385K03/210.49 mi33, Eskmont Ridge, London, Greater London SE19 3PZ2
£375K01/210.49 mi44, Eskmont Ridge, London, Greater London SE19 3PZ2
£325K10/220.51 mi3, Natal Road, Thornton Heath, Greater London CR7 8QH2
£307.5K03/210.52 mi355, Church Road, London, Greater London SE19 2QJ2
£245K04/210.53 miFlat 4, Hazel Bank, South Norwood Hill, London, Greater London SE25 6BB2
£268K03/210.54 mi6, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ2
£275K08/210.54 mi10, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ2
£375K03/210.54 mi7, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£263K02/230.54 mi13a, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£285K11/200.54 mi53, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£330K11/200.55 miFlat 5, Crofton Court, Cypress Road, London, Greater London SE25 4BB2
£385K01/210.55 mi4a, Hermitage Road, London, Greater London SE19 3QR2
£270K02/230.55 mi7, Founders Gardens, Upper Norwood, London, Greater London SE19 3UU2
£343K12/200.56 mi13, Homelands Drive, London, Greater London SE19 2NU2
£345K11/210.58 mi37a, Parchmore Road, Thornton Heath, Greater London CR7 8LY2
£250.5K03/230.58 mi91, Marston Way, London, Greater London SE19 3JD2
£260K03/210.59 miFlat 4, Stuart Lodge, South Norwood Hill, London, Greater London SE25 6AX2
£420K02/230.62 mi207c, Church Road, London, Greater London SE19 2QQ2
£332.5K06/210.63 mi2, Auckland Rise, London, Greater London SE19 2EA2
£270K10/210.63 mi15, Norwich Road, Thornton Heath, Greater London CR7 8NA2
£307K08/210.65 mi62a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£275K06/210.65 mi64a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£300K04/230.65 mi70a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£185K06/210.65 miFirst Floor Flat, 180, Melfort Road, Thornton Heath, Greater London CR7 7RQ2

Local Rents

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

RentDateDistanceAddressBeds 
£2,10003/240.06 miCRANBROOK ROAD, THORNTON HEATH, CR7, Thornton Heath, CR72
£1,90002/240.08 mi-2
£2,10003/240.08 miCranbrook Road, Thornton Heath, CR72
£1,80012/240.11 mi-2
£1,65005/240.14 mi-2
£1,67505/240.14 mi-2
£1,80012/240.19 mi-2
£1,50003/240.2 miOsborne Gardens, Thornton Heath2
£1,70003/240.2 miMoffat Road Thornton Heath CR72
£1,70002/240.23 mi-2
£1,60003/240.25 miOsborne Road, THORNTON HEATH2
£1,69512/240.28 mi-2
£1,64512/240.28 mi-2
£1,90003/250.29 mi-2
£1,70008/240.3 mi-2
£2,00008/240.3 miThe Heights, London, SE192
£1,47501/250.31 mi-2
£1,47501/250.31 mi-2
£1,50012/240.32 mi-2
£1,45012/240.32 mi-2
£1,85012/240.32 mi-2
£1,40003/240.33 miBensham Grove, THORNTON HEATH2
£1,80001/250.33 mi-2
£1,59503/240.33 miLenham Road, Thornton Heath, CR72
£1,59503/240.33 mi-2
£1,75003/240.35 miBensham Grove, Thornton Heath2
£1,75003/240.35 miBensham Grove, Thornton Heath2
£1,55003/240.35 miBensham Grove, CR72
£1,75003/240.36 miBensham Grove, Thornton Heath2
£1,75010/240.37 mi-2
£1,74608/240.37 mi19 Beulah Hill, Crystal Palace, London2
£1,70003/240.37 miFurze Road, Thornton heath, Surrey, CR72
£1,70003/240.37 miFurze Road, Thornton heath, Surrey, CR72
£1,55008/240.38 miCintra House, 9 Beulah Hill, London, SE192
£1,60008/240.38 miCintra House, 9 Beulah Hill, London, SE192
£1,60008/240.38 miCintra House, 11 Beulah Hill, London, SE192
£1,60008/240.38 miCintra House, 11 Beulah Hill, London, SE192
£1,55003/250.38 mi-2
£1,62508/240.38 miBeulah Hill, London, SE192
£1,80009/240.39 mi-2
£1,70003/240.39 miFurze Road, Thornton Heath, CR72
£1,80003/240.39 miFurze Road, Thornton Heath, CR72
£1,75003/250.39 mi-2
£1,60008/240.39 miBRAE COURT, SOUTH NORWOOD HILL, LONDON, SE25, South Norwood, London, SE252
£1,80003/250.4 mi-2
£1,60008/240.4 miSouth Norwood Hill, South Norwood2
£1,65008/240.4 miEllery Road, Crystal Palace, London, SE192
£1,50004/240.41 miBeulah Road, Thornton Heath, CR72
£1,50004/240.41 miBeulah Road, Thornton Heath, CR72
£1,70002/240.41 mi-2
£1,50005/240.41 mi-2

Local Area Statistics

Population in cr7

44,620

Nearest school

0.10 miles away

Nearest train station

0.78 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £250,000

November 6, 2024

Floor Plans

Description

  • Maisonette +

  • Two good-sized bedrooms +

  • Utility Room +

  • New kitchen appliances +

  • Private rear garden +

  • Chain free +

  • Close to transport +

  • Double glazing +

SUMMARY
Spacious and Modern Top-Floor Two-Bedroom Garden Flat. If you're seeking space and modern comforts, this superb two-bedroom top-floor garden flat is a must-see. Newly listed on the market, this well-appointed home offers both style and functionality, perfect for today's lifestyle.

DESCRIPTION
Accommodation:
Step into the welcoming hallway, which leads to two generously sized bedrooms, each designed to maximize space and natural light. The bright and airy reception room provides an ideal setting for relaxation, while a separate utility room adds extra convenience. The fully fitted modern kitchen comes complete with brand-new appliances. A lovely three-piece bathroom with towel rack adds a touch of luxury.

Additional Highlights:
Private garden, ideal for outdoor relaxation or entertaining, No onward chain, ensuring a smooth and straight forward purchase & Prime location with easy access to numerous amenities.

Location:
Less than a mile from Thornton Heath High Street, this property offers excellent connectivity, with multiple train and bus routes providing access to key destinations. Enjoy the convenience of nearby shops, cafes, and local services, all within easy reach.

This top-floor garden flat is a perfect blend of space, modern design, and convenience-ready to welcome you home.

Lease Disclaimer
The free-holder valuation states to extend the lease for another 99 years the cost would be £32,298.00, once the lease has been extended Ground Rent will then be peppercorn/£0.

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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