2 Bed Detached House, Single Let, CR7 7RS, £300,000

Melfort Road, Thornton Heath, CR7 7RS - 1 views - 3 months ago

BTL
ROI: 2%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£183K - £460K
Sold Prices/m²£3.8K/m² - £6.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£335,076
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£14,700

Total Cash In

£89,700

 

 

Cash Out

 

Rent Range

£1,400 - £2,100

Rent Estimate

£1,469

Running Costs/mo

£1,251

Cashflow/mo

£218

Cashflow/yr

£2,612

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £183K to £460K, average is £351K. £3.8K/m² to £6.2K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£300K04/230.3 mi285, Bensham Lane, Thornton Heath, Greater London CR7 7ER2
£340.3K02/230.31 mi18, The Drive, Thornton Heath, Greater London CR7 8LA2
£383K04/230.32 mi60, Heath Road, Thornton Heath, Greater London CR7 8NE2
£360K03/210.32 mi39, Heath Road, Thornton Heath, Greater London CR7 8NF2
£363.5K06/210.33 mi39, The Drive, Thornton Heath, Greater London CR7 8LB2
£316K01/230.34 mi38, The Drive, Thornton Heath, Greater London CR7 8LA2
£391K06/210.34 mi156, Langdale Road, Thornton Heath, Greater London CR7 7PR2
£460K01/230.34 mi144, Langdale Road, Thornton Heath, Greater London CR7 7PR2
£310K05/230.35 mi32, The Drive, Thornton Heath, Greater London CR7 8LA2
£365K04/220.35 mi7, Elm Road, Thornton Heath, Greater London CR7 8RH2
£332.5K02/210.35 mi28, Haslemere Road, Thornton Heath, Greater London CR7 7BE2
£357.5K12/200.36 mi5, Gilsland Road, Thornton Heath, Greater London CR7 8RQ2
£320K02/210.36 mi20, Luna Road, Thornton Heath, Greater London CR7 8NY2
£350K06/210.36 mi42, Beverstone Road, Thornton Heath, Greater London CR7 7LT2
£300K02/230.39 mi96, Winterbourne Road, Thornton Heath, Greater London CR7 7QW2
£398K08/220.4 mi30, Furze Road, Thornton Heath, Greater London CR7 8NG2
£350K02/210.4 mi3, Fountain Road, Thornton Heath, Greater London CR7 8LT2
£375K03/230.4 mi5, Fountain Road, Thornton Heath, Greater London CR7 8LT2
£355K06/210.41 mi47, Windsor Road, Thornton Heath, Greater London CR7 8HG2
£381K05/210.41 mi39, Windsor Road, Thornton Heath, Greater London CR7 8HG2
£390K09/210.41 mi6, Maplethorpe Road, Thornton Heath, Greater London CR7 7LY2
£425K05/230.41 mi94, Colliers Water Lane, Thornton Heath, Greater London CR7 7LB2
£400K12/220.41 mi27, Lakehall Road, Thornton Heath, Greater London CR7 7EG2
£370K07/230.42 mi191, Parchmore Road, Thornton Heath, Greater London CR7 8HD2
£425K07/230.43 mi6, Woodland Road, Thornton Heath, Greater London CR7 7LP2
£387K03/210.43 mi28, Bridport Road, Thornton Heath, Greater London CR7 7QG2
£350K03/230.43 mi90, Winterbourne Road, Thornton Heath, Greater London CR7 7QU2
£345K05/230.44 mi15, Bruce Road, London, Greater London SE25 6QJ2
£290K05/210.44 mi254, Bensham Lane, Thornton Heath, Greater London CR7 7EP2
£385K02/230.44 mi54, Totton Road, Thornton Heath, Greater London CR7 7QR2
£350K05/210.45 mi68, Totton Road, Thornton Heath, Greater London CR7 7QR2
£340K12/200.47 mi39, Whitehorse Lane, London, Greater London SE25 6RD2
£412K02/230.47 mi70, Pawsons Road, Croydon, Greater London CR0 2QF2
£305K11/200.48 mi87, Lakehall Road, Thornton Heath, Greater London CR7 7EJ2
£332K07/210.53 mi11, Livingstone Road, Thornton Heath, Greater London CR7 8JX2
£400K03/210.53 mi34, Moffat Road, Thornton Heath, Greater London CR7 8PU2
£275K11/220.54 mi6, Parchmore Way, Thornton Heath, Greater London CR7 8HL2
£317.5K02/210.55 mi138, Clifton Road, London, Greater London SE25 6QA2
£315.2K04/210.56 mi144, Clifton Road, London, Greater London SE25 6QA2
£352K09/210.56 mi12, Charnwood Road, London, Greater London SE25 6NU2
£442.5K07/230.56 mi22, Charnwood Road, London, Greater London SE25 6NU2
£183K03/210.56 mi253, Whitehorse Road, Croydon, Greater London CR0 2HQ2
£290K06/210.56 mi266, Parchmore Road, Thornton Heath, Greater London CR7 8HB2
£315K06/210.56 mi288, Parchmore Road, Thornton Heath, Greater London CR7 8HB2
£350K03/210.57 mi99, Whitehorse Lane, London, Greater London SE25 6RA2
£385K02/210.57 mi166, Bensham Lane, Thornton Heath, Greater London CR7 7EN2
£301K03/230.57 mi132, Bensham Lane, Thornton Heath, Greater London CR7 7EN2
£455K05/230.6 mi3, Broadway Avenue, Croydon, Greater London CR0 2LP2
£410K02/230.61 mi20, Henderson Road, Croydon, Greater London CR0 2QG2
£350K04/230.62 mi6, St Stephens Crescent, Thornton Heath, Greater London CR7 7NP2

Local Rents

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

RentDateDistanceAddressBeds 
£1,80003/250.07 mi-2
£1,45002/240.13 mi-2
£1,65004/240.14 miQuadrant Road, Thornton Heath2
£1,65002/240.15 mi-2
£1,65002/240.16 mi-2
£1,65003/240.16 mi-2
£1,50012/240.16 mi-2
£1,55004/240.18 miBoswell Road, Thornton Heath, Surrey, CR72
£1,80004/240.18 mi-2
£1,80012/240.18 mi-2
£1,40003/240.18 miBoswell Road, CR72
£1,60003/240.19 mi-2
£1,47512/240.19 mi-2
£1,75002/240.19 mi-2
£1,70002/250.2 mi-2
£1,75002/250.2 mi-2
£1,80002/250.2 mi-2
£1,75002/250.2 mi-2
£1,75002/250.2 mi-2
£1,75002/250.2 mi-2
£1,75002/250.2 mi-2
£1,75002/250.2 mi-2
£1,75002/250.2 mi-2
£1,75002/250.2 mi-2
£1,75002/250.2 mi-2
£1,70003/250.2 mi-2
£1,70003/250.2 mi-2
£1,70003/250.2 mi-2
£1,70003/250.2 mi-2
£1,60012/240.2 mi-2
£1,65004/240.21 miMelfort Road, Thornton Heath, CR72
£1,65005/240.21 mi-2
£1,50005/240.24 miBensham Lane, Thornton Heath, CR72
£1,50005/240.24 mi-2
£2,00002/250.25 mi-2
£1,50004/240.26 mi-2
£1,75003/250.26 mi-2
£1,57012/240.26 mi-2
£1,55003/240.26 miBrigstock Road, Thornton Heath, CR72
£1,55001/250.27 mi-2
£1,65002/240.29 mi-2
£1,65003/240.29 mi-2
£1,65003/240.29 mi-2
£1,97503/250.29 mi-2
£2,00003/240.3 mi-2
£2,05003/240.3 mi-2
£2,10001/250.31 mi-2
£1,90002/240.32 mi-2
£1,65003/240.34 miEcclesbourne Road, Thornton Heath , Surrey, CR72
£1,65003/240.34 miEcclesbourne Road, Thornton Heath, London, CR72

Local Area Statistics

Population in cr7

44,620

Nearest school

0.30 miles away

Nearest train station

0.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £300,000

February 28, 2025

Listed for £325,000

January 16, 2025

Floor Plans

Description

  • Chain free +
  • Share of Freehold +
  • Direct access to private garden +
  • Two double bedrooms +
  • Close proximity of station +
  • Period features retained +

Haart are proud to present to the market this stunning, Share of Freehold, period two bedroom ground floor garden flat with no onward chain. Located within close proximity of Thornton Heath station with links into London Bridge, Victoria and the Northern Line via Balham, among several other locations.

Brigstock road and the High Street provide a plethora of amenities, from Gyms, parks, cafes, restaurants to name a few, which is also within close proximity making this a sought after location.

The property is exceptionally well-maintained and features a spacious living room and a modern fitted kitchen that offers lovely views and direct access to a large rear garden. The garden boasts a charming patio area, perfect for al fresco dining, along with expansive lawns that provide plenty of space for relaxation and outdoor activities.

Additional benefits of this property include two generously sized bedrooms and a modern bathroom featuring contemporary fixtures and fittings. Offered to the market with no onward chain, this property presents an excellent opportunity for buyers seeking a stylish and move-in-ready home.

Agent Details

haart, Thornton Heath

020 3909 8975

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪