2 Bed Flat, Single Let, CR7 7NA £225,000

Warwick Gardens, Thornton Heath, CR7 7NA - 8 views - 10 months ago

Under Offer

Leasehold

BTL

ROI: 9%

~68 m²

ValuationUndervalued

Sold Prices	£184K - £395K
Sold Prices/m²	£2.6K/m² - £7.4K/m²

Square Metres	~68.11 m²
Price/m²	£3.3K/m²
Value Estimate	£270,000£270,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£56,250£56,250
Stamp Duty & Legal Fees	£7,950£7,950
Total Cash In	£64,200£64,200

Cash Out
Rent Range	£875 - £2,100£875 - £2,100
Rent Estimate	£1,494
Running Costs/mo	£1,022£1,022
Cashflow/mo	£472£472
Cashflow/yr	£5,665£5,665
ROI	9%9%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £184K to £395K, average is £277.5K. £2.6K/m² to £7.4K/m², average is £4.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£225.6K	10/24	0.04 mi	Warwick Gardens, 61, London Road, Thornton Heath CR7 7NB	£4,178	54	2	Flat
£260K	09/22	0.05 mi	53, St Christophers Gardens, Thornton Heath, Greater London CR7 7NS	£4,333	60	2	Flat
£190K	03/25	0.07 mi	1, St Christopher's Gardens, Thornton Heath CR7 7NS	£4,750	40	2	Flat
£190K	03/25	0.07 mi	1, St Christopher's Gardens, Thornton Heath CR7 7NS	-	-	2	Flat
£231K	02/25	0.1 mi	17, Warwick Road, Thornton Heath CR7 7NH	£3,850	60	2	Flat
£231K	02/25	0.1 mi	17, Warwick Road, Thornton Heath CR7 7NH	-	-	2	Flat
£295K	03/23	0.11 mi	29a, Warwick Road, Thornton Heath, Greater London CR7 7NH	-	-	2	Flat
£261K	07/21	0.11 mi	23, Warwick Road, Thornton Heath, Greater London CR7 7NH	-	-	2	Flat
£260K	09/21	0.13 mi	62a, Warwick Road, Thornton Heath, Greater London CR7 7NE	£4,552	57	2	Flat
£287.5K	08/23	0.13 mi	56, Warwick Road, Thornton Heath, Greater London CR7 7NE	£5,044	57	2	Flat
£250K	03/25	0.18 mi	26, Jubilee Court, London Road, Thornton Heath CR7 6JL	£4,167	60	2	Flat
£250K	03/25	0.18 mi	26, Jubilee Court, London Road, Thornton Heath CR7 6JL	-	-	2	Flat
£275K	04/25	0.36 mi	Flat 20, Gala Court, London Road, Thornton Heath CR7 6EQ	£3,198	86	2	Flat
£275K	04/25	0.36 mi	Flat 20, Gala Court, London Road, Thornton Heath CR7 6EQ	-	-	2	Flat
£395K	06/21	0.41 mi	Lower Flat, 21, Beatrice Avenue, London, Greater London SW16 4UW	-	-	2	Flat
£312K	10/24	0.46 mi	176, Ground Floor Flat At, Melfort Road, Thornton Heath, Greater London CR7 7RQ	-	-	2	Flat
£185K	06/21	0.46 mi	First Floor Flat, 180, Melfort Road, Thornton Heath, Greater London CR7 7RQ	£2,984	62	2	Flat
£320K	02/23	0.5 mi	121a, Melfort Road, Thornton Heath, Greater London CR7 7RX	£4,776	67	2	Flat
£340K	09/22	0.5 mi	53, Quadrant Road, Thornton Heath, Greater London CR7 7DB	£5,397	63	2	Flat
£184K	04/25	0.52 mi	35, Carew Road, Thornton Heath CR7 7RF	£3,852	48	2	Flat
£184K	04/25	0.52 mi	35, Carew Road, Thornton Heath CR7 7RF	-	-	2	Flat
£280K	11/24	0.54 mi	198-200, Flat E, Brigstock Road, Thornton Heath CR7 7JD	£4,118	68	2	Flat
£310K	12/24	0.56 mi	6a, Flat 2, Quadrant Road, Thornton Heath CR7 7DA	£4,189	74	2	Flat
£235K	02/25	0.56 mi	Flat 2, 12, Elliott Road, Thornton Heath CR7 7QA	£5,595	42	2	Flat
£235K	02/25	0.56 mi	Flat 2, 12, Elliott Road, Thornton Heath CR7 7QA	-	-	2	Flat
£325K	04/25	0.6 mi	Flat 2, 1346a, London Road, Norbury, London SW16 4DG	£5,078	64	2	Flat
£195K	12/22	0.62 mi	30a, Broughton Road, Thornton Heath, Greater London CR7 6AL	-	-	2	Flat
£275K	08/21	0.64 mi	10, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ	£4,911	56	2	Flat
£260K	07/25	0.64 mi	12, Wychwood Avenue, Thornton Heath CR7 8AQ	-	-	2	Flat
£368K	03/25	0.64 mi	7, 230 Burkitt House, Norbury Avenue, Thornton Heath CR7 8AJ	£5,493	67	2	Flat
£368K	03/25	0.64 mi	7, 230 Burkitt House, Norbury Avenue, Thornton Heath CR7 8AJ	-	-	2	Flat
£265K	12/24	0.65 mi	41b, Windsor Road, Thornton Heath CR7 8HG	-	-	2	Flat
£300K	08/24	0.66 mi	28a, Beulah Road, Thornton Heath CR7 8JE	£3,846	78	2	Flat
£320K	09/24	0.67 mi	98, Windsor Road, Thornton Heath CR7 8HF	£5,333	60	2	Flat
£263K	02/23	0.68 mi	13a, Beulah Road, Thornton Heath, Greater London CR7 8JH	£4,782	55	2	Flat
£320K	06/25	0.69 mi	221, Parchmore Road, Thornton Heath CR7 8HH	£5,714	56	2	Flat
£320K	06/25	0.69 mi	221, Parchmore Road, Thornton Heath CR7 8HH	-	-	2	Flat
£285K	12/22	0.69 mi	155, Wide Way, Mitcham, Greater London CR4 1BQ	-	-	2	Flat
£320K	11/22	0.69 mi	157, Wide Way, Mitcham, Greater London CR4 1BQ	£7,442	43	2	Flat
£225K	11/24	0.71 mi	133a, Parchmore Road, Thornton Heath CR7 8LZ	£2,586	87	2	Flat
£345K	11/21	0.73 mi	37a, Parchmore Road, Thornton Heath, Greater London CR7 8LY	£3,557	97	2	Flat
£285K	05/25	0.74 mi	11, 180 Queensbury Court, Parchmore Road, Thornton Heath CR7 8SL	-	-	2	Flat
£285K	05/25	0.74 mi	11, 180 Queensbury Court, Parchmore Road, Thornton Heath CR7 8SL	£6,064	47	2	Flat
£240K	05/23	0.74 mi	5, Parchmore Way, Thornton Heath, Greater London CR7 8HL	-	-	2	Flat
£332K	03/25	0.75 mi	98, Wide Way, Mitcham CR4 1BN	£5,355	62	2	Flat
£332K	03/25	0.75 mi	98, Wide Way, Mitcham CR4 1BN	-	-	2	Flat
£330K	11/24	0.76 mi	94, Wide Way, Mitcham CR4 1BN	£5,156	64	2	Flat
£280K	06/21	0.78 mi	127a, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BR	£4,912	57	2	Flat
£295K	08/21	0.78 mi	216, Chancellor Court, Bensham Manor Road, Thornton Heath, Greater London CR7 7AW	£4,097	72	2	Flat
£255K	06/21	0.78 mi	57a, Bensham Grove, Thornton Heath, Greater London CR7 8DD	£3,515	73	2	Flat

Local Rents

50 rents from £875/mo to £2.1K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,650	11/25	0.01 mi	Warwick Gardens, London Road, Thornton Heath, CR7	2	Flat
£1,650	11/25	0.01 mi	Warwick Gardens, London Road, Thornton Heath, CR7	2	Flat
£1,600	11/25	0.01 mi	Warwick Gardens, London Road, Thornton Heath, CR7	2	Flat
£1,650	11/25	0.01 mi	Warwick Gardens, Thornton Heath	2	Flat
£1,600	10/25	0.01 mi	Warwick Gardens, Thornton Heath	2	Flat
£1,850	07/25	0.01 mi	London Road, Thornton Heath, CR7	2	Flat
£1,800	09/25	0.04 mi	Warwick Gardens, Thornton Heath	2	Flat
£1,300	07/25	0.04 mi	London Road, THORNTON HEATH	2	Flat
£1,625	10/25	0.05 mi	-	2	Flat
£1,599	09/25	0.05 mi	St. Christophers Gardens, London, CR7	2	Flat
£1,595	10/25	0.05 mi	St. Christophers Gardens, London, CR7	2	Flat
£1,595	10/25	0.05 mi	-	2	Flat
£1,595	09/25	0.05 mi	-	2	Flat
£1,600	05/25	0.06 mi	St. Christophers Gardens, Thornton Heath	2	Flat
£1,750	09/25	0.1 mi	Galpins Road, CR7	2	Flat
£1,550	06/25	0.12 mi	London Road, Thornton Heath, CR7	2	Flat
£1,700	09/25	0.12 mi	London Road, Thornton Heath, CR7	2	Flat
£2,000	11/25	0.12 mi	Galpins Road, Norbury, Thornton Heath, CR7	2	Flat
£1,300	03/24	0.16 mi	Heathview Road, THORNTON HEATH	2	Flat
£1,600	08/25	0.18 mi	Galpins Road, Thornton Heath, CR7	2	Flat
£1,700	05/24	0.18 mi	London Road, Thornton heath, Surrey, CR7	2	Flat
£1,600	03/24	0.19 mi	Wiltshire Road, Thornton Heath	2	Flat
£1,550	09/25	0.21 mi	-	2	Flat
£1,550	08/25	0.21 mi	London Road, London, SW16	2	Flat
£1,800	09/24	0.22 mi	B London Road, London	2	Flat
£875	05/25	0.22 mi	-	2	Flat
£1,650	10/25	0.22 mi	-	2	Flat
£1,700	10/25	0.24 mi	-	2	Flat
£1,475	03/24	0.24 mi	Galpins Road	2	Flat
£1,850	02/24	0.24 mi	-	2	Terraced House
£1,850	07/25	0.24 mi	London Road	2	Flat
£1,700	09/24	0.24 mi	London Road	2	Flat
£1,500	06/25	0.25 mi	Lyndhurst Road, Thornton Heath, CR7	2	Flat
£2,100	07/25	0.26 mi	-	2	Flat
£1,500	06/25	0.27 mi	London Road, Thornton Heath, CR7	2	Flat
£1,600	02/25	0.28 mi	-	2	Flat
£1,700	02/25	0.28 mi	-	2	Flat
£1,700	02/25	0.28 mi	-	2	Flat
£1,700	02/25	0.28 mi	-	2	Flat
£1,700	02/25	0.28 mi	-	2	Flat
£1,700	02/25	0.28 mi	-	2	Flat
£1,700	02/25	0.28 mi	-	2	Flat
£1,700	03/25	0.28 mi	-	2	Flat
£1,700	03/25	0.28 mi	-	2	Flat
£1,650	03/25	0.28 mi	-	2	Flat
£1,600	04/25	0.28 mi	-	2	Flat
£1,550	04/25	0.28 mi	-	2	Flat
£1,650	10/25	0.28 mi	London Road, Thornton Heath, CR7	2	Flat
£1,900	05/24	0.29 mi	Winterbourne Road	2	Terraced House
£1,750	10/25	0.29 mi	Winterbourne Road, Thornton Heath	2	Terraced House

Local Area Statistics

Population in cr7	44,62044,620
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.74 miles away0.74 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £225,000

January 15, 2025

Floor Plans

Description

Two bedrooms +
No onward chain +
Fantastic location +
Good condition +
Large reception +
A neutral decor +
620 sq ft / 57.6 sqm +
EPC rating D +

Guide price £225,000 - £275,000 Offered to the market with no onward chain is this spacious two bedroom apartment positioned close to an array of local amenities, excellent transport links and popular green spaces. This charming home boasts a spacious reception room, a separate modern kitchen and a wealth of natural light throughout.
Council Tax Band: B
Tenure: Leasehold

Original length of lease: 199 years
Date lease commences: from 15 May 1984
Service charge: Approx: £2,727.80 per annum
Ground Rent: Approx: £12.50 per annum

Council tax and, where applicable, lease information, service charges and ground rent are given as a guide only and should always be checked and confirmed by your Solicitor prior to exchange of contracts.

Agent Details

Kinleigh Folkard & Hayward - Sales, Crystal Palace

020 3871 6004

Next Steps?

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