3 Bed Terraced House, Single Let, CR7 7BB, £400,000

Lucerne Road, Thornton Heath, CR7 7BB - 3 views - 2 months ago

Sold STC

BTL

ROI: 1%

~93 m²

+8 photos

ValuationUndervalued

Sold Prices	£330K - £500K
Sold Prices/m²	£3.5K/m² - £6.1K/m²

Square Metres	~93 m²
Price/m²	£4.3K/m²
Value Estimate	£443,106£443,106
BMV	11%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£100,000£100,000
Stamp Duty & Legal Fees	£20,700£20,700
Total Cash In	£120,700£120,700

Cash Out
Rent Range	£1,745 - £3,300£1,745 - £3,300
Rent Estimate	£1,743
Running Costs/mo	£1,619£1,619
Cashflow/mo	£124£124
Cashflow/yr	£1,493£1,493
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £330K to £500K, average is £417.5K. £3.5K/m² to £6.1K/m², average is £4.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£425K	01/23	0 mi	5, Lucerne Road, Thornton Heath, Greater London CR7 7BB	-	-	3	Terraced House
£472.4K	03/23	0.02 mi	8, Lucerne Road, Thornton Heath, Greater London CR7 7BA	£4,966	95	3	Semi-Detached House
£432.5K	06/23	0.07 mi	6, Boswell Road, Thornton Heath, Greater London CR7 7RY	£4,553	95	3	Semi-Detached House
£422.6K	05/23	0.09 mi	37, Berne Road, Thornton Heath, Greater London CR7 7BJ	£5,282	80	3	Terraced House
£430K	05/21	0.09 mi	37, Boswell Road, Thornton Heath, Greater London CR7 7RZ	-	-	3	Terraced House
£475K	12/22	0.09 mi	46, Berne Road, Thornton Heath, Greater London CR7 7BG	£4,843	98	3	Terraced House
£458K	06/21	0.1 mi	12, Berne Road, Thornton Heath, Greater London CR7 7BG	£5,654	81	3	Terraced House
£420K	05/23	0.1 mi	22, Berne Road, Thornton Heath, Greater London CR7 7BG	-	-	3	Terraced House
£350K	02/21	0.1 mi	60, Berne Road, Thornton Heath, Greater London CR7 7BG	-	-	3	Terraced House
£412K	12/20	0.11 mi	49, Zermatt Road, Thornton Heath, Greater London CR7 7BL	£3,815	108	3	Terraced House
£425K	06/21	0.15 mi	34, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BN	£4,830	88	3	Semi-Detached House
£445K	08/21	0.16 mi	46, Elliott Road, Thornton Heath, Greater London CR7 7QA	£4,944	90	3	Semi-Detached House
£500K	03/23	0.17 mi	138, Bensham Manor Road, Thornton Heath, Greater London CR7 7AW	£5,155	97	3	Terraced House
£485K	12/22	0.17 mi	79, Torridge Road, Thornton Heath, Greater London CR7 7EZ	£6,063	80	3	Terraced House
£395K	02/21	0.17 mi	40, Chipstead Avenue, Thornton Heath, Greater London CR7 7DG	£4,817	82	3	Terraced House
£380K	10/21	0.18 mi	89, Torridge Road, Thornton Heath, Greater London CR7 7EZ	-	-	3	Terraced House
£401K	03/21	0.2 mi	48, Kynaston Avenue, Thornton Heath, Greater London CR7 7BU	£5,419	74	3	Terraced House
£400K	11/20	0.21 mi	110, Kynaston Avenue, Thornton Heath, Greater London CR7 7BW	-	-	3	Terraced House
£397K	04/21	0.21 mi	31, Penshurst Road, Thornton Heath, Greater London CR7 7EE	£4,051	98	3	Terraced House
£455K	02/23	0.22 mi	10, Nutfield Road, Thornton Heath, Greater London CR7 7DL	-	-	3	Terraced House
£450K	07/23	0.22 mi	30, Haslemere Road, Thornton Heath, Greater London CR7 7BE	£5,114	88	3	Terraced House
£415K	06/21	0.23 mi	62, Warlingham Road, Thornton Heath, Greater London CR7 7DE	£4,192	99	3	Terraced House
£415K	11/20	0.23 mi	18, Warlingham Road, Thornton Heath, Greater London CR7 7DE	£4,069	102	3	Terraced House
£438K	10/21	0.23 mi	42, Warlingham Road, Thornton Heath, Greater London CR7 7DE	£4,469	98	3	Terraced House
£430K	10/22	0.23 mi	42, Kynaston Road, Thornton Heath, Greater London CR7 7AY	£3,496	123	3	Semi-Detached House
£400K	02/23	0.23 mi	5, Kenley Gardens, Thornton Heath, Greater London CR7 7DD	£5,195	77	3	Terraced House
£452K	04/22	0.24 mi	4, Kynaston Road, Thornton Heath, Greater London CR7 7AY	-	-	3	Semi-Detached House
£330K	06/21	0.25 mi	7, Nutfield Road, Thornton Heath, Greater London CR7 7DP	-	-	3	Terraced House
£455K	06/23	0.26 mi	12, Kynaston Crescent, Thornton Heath, Greater London CR7 7BS	£6,067	75	3	Terraced House
£340K	05/21	0.26 mi	30, Norman Road, Thornton Heath, Greater London CR7 7ED	-	-	3	Terraced House
£450K	06/23	0.26 mi	6, Norman Road, Thornton Heath, Greater London CR7 7ED	£5,528	81	3	Terraced House
£358K	09/21	0.26 mi	22, Pitt Road, Thornton Heath, Greater London CR7 7BT	-	-	3	Terraced House
£387.5K	03/21	0.26 mi	16, Pitt Road, Thornton Heath, Greater London CR7 7BT	£4,784	81	3	Terraced House
£415K	12/20	0.26 mi	17, Stuart Road, Thornton Heath, Greater London CR7 8RA	£4,770	87	3	Terraced House
£375K	01/21	0.28 mi	66, Penshurst Road, Thornton Heath, Greater London CR7 7EB	£4,076	92	3	Terraced House
£375K	01/21	0.28 mi	66, Penshurst Road, Thornton Heath, Greater London CR7 7EB	£4,076	92	3	Terraced House
£390K	05/21	0.28 mi	41, Foxley Road, Thornton Heath, Greater London CR7 7DX	£4,462	87	3	Terraced House
£455K	06/23	0.28 mi	39, Foxley Road, Thornton Heath, Greater London CR7 7DX	-	-	3	Terraced House
£405K	03/21	0.28 mi	53, Foxley Road, Thornton Heath, Greater London CR7 7DX	-	-	3	Terraced House
£495K	12/22	0.29 mi	44, Richmond Road, Thornton Heath, Greater London CR7 7QB	-	-	3	Detached House
£425K	06/23	0.29 mi	87, Melfort Road, Thornton Heath, Greater London CR7 7RT	-	-	3	Terraced House
£485K	03/23	0.31 mi	26, Linden Avenue, Thornton Heath, Greater London CR7 7DU	-	-	3	Terraced House
£377.5K	04/21	0.31 mi	24, Sandringham Road, Thornton Heath, Greater London CR7 7AX	£4,452	85	3	Terraced House
£337K	03/21	0.32 mi	58, Beverstone Road, Thornton Heath, Greater London CR7 7LT	-	-	3	Terraced House
£332.5K	07/21	0.32 mi	8, Pitt Road, Croydon, Greater London CR0 2QN	£3,959	84	3	Terraced House
£375K	03/21	0.33 mi	25, Maplethorpe Road, Thornton Heath, Greater London CR7 7LZ	£3,827	98	3	Terraced House
£435K	02/23	0.34 mi	Ivydene, Norwich Road, Thornton Heath, Greater London CR7 8NA	£4,028	108	3	Semi-Detached House
£395K	06/21	0.37 mi	56, Beechwood Avenue, Thornton Heath, Greater London CR7 7DZ	£4,759	83	3	Terraced House
£368K	05/21	0.37 mi	42, Beechwood Avenue, Thornton Heath, Greater London CR7 7DZ	-	-	3	Terraced House
£455K	12/20	0.37 mi	73, Richmond Road, Thornton Heath, Greater London CR7 7QF	£3,957	115	3	Semi-Detached House

Local Rents

50 rents from £1.7K/mo to £3.3K/mo, average is £2.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,100	04/24	0.03 mi	Geneva Road, Thornton Heath, Surrey, CR7	3	Terraced House
£2,100	03/25	0.04 mi	-	3	Terraced House
£2,150	03/24	0.06 mi	Bennington Close, Thornton Heath, CR7	3	Flat
£2,300	01/25	0.07 mi	-	3	Semi-Detached House
£2,100	03/24	0.09 mi	Berne Road, Thornton Heath, CR7	3	Terraced House
£3,300	03/25	0.12 mi	-	3	Semi-Detached House
£2,000	02/25	0.14 mi	-	3	Terraced House
£2,100	04/24	0.17 mi	Bensham Manor Road, CR7	3	Terraced House
£2,200	05/24	0.17 mi	Warlingham Road, Thornton Heath, CR7	3	Terraced House
£2,300	03/24	0.2 mi	Kynaston Avenue , CR7	3	Flat
£2,300	03/24	0.2 mi	Kynaston Avenue , CR7	3	Terraced House
£2,300	03/24	0.2 mi	Kynaston Avenue , CR7 7BW	3	Terraced House
£2,300	04/24	0.2 mi	Kynaston Avenue , CR7 7BW	3	Terraced House
£2,000	05/24	0.24 mi	-	3	Terraced House
£2,000	03/24	0.24 mi	Lakehall Road, Thornton Heath, CR7	3	Terraced House
£1,800	04/24	0.25 mi	Lakehall Road, Croydon CR7	3	House
£2,000	03/24	0.25 mi	Warlingham Road, THORNTON HEATH	3	Flat
£2,000	04/24	0.25 mi	Norman Road, Thornton Heath, CR7	3	Terraced House
£2,000	02/25	0.27 mi	-	3	Terraced House
£1,850	03/24	0.31 mi	Penshurst Road, Thornton Heath, CR7	3	Terraced House
£2,000	03/24	0.32 mi	Beverstone Road, THORNTON HEATH	3	Flat
£2,100	04/24	0.32 mi	Beverstone Road, Thornton Heath, Surrey, CR7	3	Terraced House
£2,200	03/24	0.35 mi	-	3	Terraced House
£2,200	12/24	0.35 mi	-	3	Terraced House
£1,800	03/24	0.39 mi	Parchmore Road, Thornton Heath, CR7	3	Flat
£2,400	05/24	0.4 mi	-	3	Terraced House
£2,400	04/24	0.4 mi	Gilsland Road, Thornton Heath, CR7	3	Terraced House
£2,100	03/24	0.41 mi	Zion Road, Thornton Heath, Surrey, CR7	3	Flat
£1,900	03/24	0.41 mi	Zion Road, Thornton Heath, CR7	3	Terraced House
£1,850	04/24	0.41 mi	Parchmore Road, THORNTON HEATH	3	Flat
£1,850	05/24	0.41 mi	Parchmore Road, THORNTON HEATH	3	Flat
£2,200	12/24	0.42 mi	-	3	Detached House
£2,200	05/24	0.43 mi	Colliers Water Lane, CR7	3	Terraced House
£1,900	03/24	0.43 mi	Woodcroft Road, Thornton Heath	3	Terraced House
£3,000	03/25	0.43 mi	-	3	Detached House
£2,300	03/25	0.43 mi	-	3	Terraced House
£2,100	03/25	0.43 mi	-	3	Flat
£2,040	03/25	0.44 mi	-	3	Terraced House
£2,000	04/24	0.45 mi	-	3	Terraced House
£1,900	02/24	0.46 mi	-	3	Terraced House
£2,100	03/24	0.46 mi	Winterbourne Road, Thornton Heath, CR7	3	Terraced House
£2,000	12/24	0.46 mi	Princess Road, Croydon, CR0	3	Terraced House
£2,200	03/24	0.49 mi	Talbot Road, THORNTON HEATH	3	House
£2,200	05/24	0.49 mi	Talbot Road, Thornton Heath, CR7	3	Terraced House
£1,850	03/24	0.5 mi	-	3	Flat
£2,000	04/24	0.51 mi	-	3	Flat
£2,000	04/24	0.51 mi	Bridport Road, Thornton Heath, CR7	3	Flat
£1,999	01/25	0.51 mi	-	3	Terraced House
£1,745	02/25	0.51 mi	-	3	Terraced House
£2,150	12/24	0.52 mi	Coppice Yard, Bell Foundry Close, Croydon, CR0	3	Flat

Local Area Statistics

Population in cr7	44,62044,620
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.19 miles away0.19 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+8%+8%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £400,000

January 23, 2025

Floor Plans

Description

Welcome to the market this spacious three-bedroom family home spread over 1100sq.ft.

Boasting excellent proportioned rooms throughout, this house offers a potential buyer the opportunity to put their own stamp on the property.

This property consists of an open hallway, two bright reception rooms, separate kitchen and utility room at the rear with direct access to the garden.

Located on a quiet residential street but nevertheless moments from the High Street and transport connections.

Agent Details

Streets Ahead, Thornton Heath

020 4530 8247

Next Steps?

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

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3 Bed Terraced House, Single Let, CR7 7BB, £400,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents