2 Bed Flat, Single Let, CR7 8HT £225,000

Northwood Road, Thornton Heath, CR7 8HT - a year ago
Leasehold
BTL
ROI: 7%
~62 m²
Property image

ValuationUndervalued

Sold Prices£225K - £505K
Sold Prices/m²£2.6K/m² - £12.9K/m²

 

 

Square Metres

~61.87 m²
Price/m²£3.6K/m²

Value Estimate

£270,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£14,450

Total Cash In

£70,700

 

 

Cash Out

 

Rent Range

£1,400 - £2,350

Rent Estimate

£1,400

Running Costs/mo

£1,003

Cashflow/mo

£397

Cashflow/yr

£4,763

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £225K to £505K, average is £305K. £2.6K/m² to £12.9K/m², average is £4.8K/m².

Price
Date
Distance
Address
Beds
 
£232.5K11/240 mi210, Northwood Road, Thornton Heath CR7 8HT2
£265K11/210.01 mi208, Northwood Road, Thornton Heath, Greater London CR7 8HT2
£308.6K09/210.23 mi8, Beulah Crescent, Thornton Heath, Greater London CR7 8JL2
£343K11/240.29 mi227, Mersham Road, Thornton Heath CR7 8NW2
£355.5K08/240.29 mi112, Mersham Road, Thornton Heath CR7 8NQ2
£365K11/220.29 mi227, Mersham Road, Thornton Heath, Greater London CR7 8NW2
£300K02/250.31 mi353 Discovery Court, 16, Grange Road, Upper Norwood, London SE19 3BL2
£305K03/250.34 miFlat 1, 2c Grove Lodge, Bensham Grove, Thornton Heath CR7 8EA2
£305K03/250.34 miFlat 1, 2c Grove Lodge, Bensham Grove, Thornton Heath CR7 8EA2
£255K06/210.35 mi57a, Bensham Grove, Thornton Heath, Greater London CR7 8DD2
£325K07/250.36 mi26, 17 Blenheim Court, Beulah Hill, Upper Norwood, London SE19 3LJ2
£298K08/240.36 mi45a, Hythe Road, Thornton Heath CR7 8QQ2
£450K01/250.37 mi27 Ravensroost, 37, Beulah Hill, Upper Norwood, London SE19 3LN2
£352.5K03/250.37 mi7, 13 Scoresdale, Beulah Hill, Upper Norwood, London SE19 3LH2
£240K05/230.37 mi5, Parchmore Way, Thornton Heath, Greater London CR7 8HL2
£375K04/250.37 mi4, 27 Ravensroost, Beulah Hill, Upper Norwood, London SE19 3LN2
£442.5K05/230.38 mi1e, Beulah Hill, London, Greater London SE19 3LQ2
£285K05/250.39 mi11, 180 Queensbury Court, Parchmore Road, Thornton Heath CR7 8SL2
£285K05/250.39 mi11, 180 Queensbury Court, Parchmore Road, Thornton Heath CR7 8SL2
£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
£320K06/250.42 mi221, Parchmore Road, Thornton Heath CR7 8HH2
£320K06/250.42 mi221, Parchmore Road, Thornton Heath CR7 8HH2
£320K06/210.43 mi33, Freethorpe Close, London, Greater London SE19 3LX2
£305K11/210.43 mi68, The Woodlands, London, Greater London SE19 3EH2
£320K09/240.44 mi98, Windsor Road, Thornton Heath CR7 8HF2
£265K03/230.44 mi28, Priory Crescent, London, Greater London SE19 3EE2
£225K11/240.45 mi133a, Parchmore Road, Thornton Heath CR7 8LZ2
£265K12/240.46 mi41b, Windsor Road, Thornton Heath CR7 8HG2
£275K01/230.48 mi65, Highfield Hill, London, Greater London SE19 3PT2
£498K05/250.48 mi6, 85 William Court, Highfield Hill, Upper Norwood, London SE19 3QF2
£325K10/220.51 mi3, Natal Road, Thornton Heath, Greater London CR7 8QH2
£315K01/250.52 mi88a, Flat 4, Beulah Hill, Upper Norwood, London SE19 3EW2
£275K08/210.54 mi10, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ2
£330K07/250.54 mi9, Norfolk Road, Thornton Heath CR7 8ND2
£263K02/230.54 mi13a, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£260K07/250.55 mi12, Wychwood Avenue, Thornton Heath CR7 8AQ2
£270K02/230.55 mi7, Founders Gardens, Upper Norwood, London, Greater London SE19 3UU2
£345K11/210.58 mi37a, Parchmore Road, Thornton Heath, Greater London CR7 8LY2
£228K05/250.58 mi109, Marston Way, Upper Norwood, London SE19 3JD2
£228K05/250.58 mi109, Marston Way, Upper Norwood, London SE19 3JD2
£250.5K03/230.58 mi91, Marston Way, London, Greater London SE19 3JD2
£300K08/240.62 mi28a, Beulah Road, Thornton Heath CR7 8JE2
£505K07/250.62 miFlat 26, 8, Sylvan Hill, Upper Norwood, London SE19 2QF2
£420K02/230.62 mi207c, Church Road, London, Greater London SE19 2QQ2
£332.5K06/210.63 mi2, Auckland Rise, London, Greater London SE19 2EA2
£258K03/250.63 mi30, Pierrepoint, Ross Road, South Norwood, London SE25 6SD2
£270K10/210.63 mi15, Norwich Road, Thornton Heath, Greater London CR7 8NA2

Local Rents

50 rents from £1.4K/mo to £2.4K/mo, average is £1.7K/mo.

Rent
Date
Distance
Address
Beds
 
£1,70007/250.01 miNorthwood Road, Thornton Heath, CR72
£1,50008/250.06 mi-2
£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
£1,67505/240.14 mi-2
£1,65005/240.14 mi-2
£1,70008/250.17 miBurlington Road, Thornton heath2
£1,80012/240.19 mi-2
£1,50003/240.2 miOsborne Gardens, Thornton Heath2
£1,70003/240.2 miMoffat Road Thornton Heath CR72
£1,65009/250.2 miBeulah Crescent, Thornton Heath, CR72
£1,85010/250.22 miOsborne Road, Thornton Heath2
£1,75009/240.22 miOsborne Road, CR72
£1,70002/240.23 mi-2
£1,60003/240.25 miOsborne Road, THORNTON HEATH2
£1,60011/250.25 miOsborne Road, THORNTON HEATH2
£1,80006/250.27 miHilltop Court, Grange Road, Crystal Palace2
£1,80007/250.28 mi-2
£1,69512/240.28 mi-2
£1,64512/240.28 mi-2
£1,64510/250.28 mi-2
£1,75007/250.28 mi-2
£2,35007/250.28 mi-2
£1,90003/250.29 mi-2
£1,65006/250.29 mi-2
£1,65006/250.29 mi-2
£1,65006/250.29 mi-2
£1,65007/250.29 mi-2
£1,70009/250.29 mi-2
£1,65007/250.29 mi-2
£1,65007/250.29 mi-2
£1,70009/250.29 mi-2
£1,70009/250.29 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
£1,65009/250.31 miLenham Road, Thornton Heath, CR72
£1,50011/250.31 mi-2
£1,50011/250.31 miBeulah Road, Thornton Heath, CR72
£1,50012/240.32 mi-2
£1,45012/240.32 mi-2
£1,72505/250.32 mi-2
£1,65010/250.32 miBensham Grove, THORNTON HEATH2
£1,85012/240.32 mi-2
£1,40006/250.32 mi-2
£1,50004/250.32 mi-2
£1,40003/240.33 miBensham Grove, THORNTON HEATH2

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)

+10%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £225,000

May 23, 2025

Listed for £250,000

November 6, 2024

Sold for £134,500

2003

Sold for £65,000

1999

Sold for £56,000

1995

Floor Plans

Property image

Description

  • Maisonette +
  • Two good-sized bedrooms +
  • Utility Room +
  • New kitchen appliances +
  • Private rear garden +
  • Chain free +
  • Close to transport +
  • Double glazing +

SUMMARY
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.

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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