2 Bed Flat, Single Let, CR7 8QT, £175,000

Lenham Road, London, CR7 8QT - 2 months ago

Leasehold
Auction
BTL
ROI: 14%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£207.5K - £442.5K
Sold Prices/m²£3.1K/m² - £6.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£218,750
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£9,950

Total Cash In

£53,700

 

 

Cash Out

 

Rent Range

£1,450 - £2,300

Rent Estimate

£1,500

Running Costs/mo

£867

Cashflow/mo

£633

Cashflow/yr

£7,598

ROI

14%

Gross Yield

10%

Local Sold Prices

50 sold prices from £207.5K to £442.5K, average is £301K. £3.1K/m² to £6.4K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£290K02/210.06 mi179, Mersham Road, Thornton Heath, Greater London CR7 8NU2
£289K02/210.06 mi181, Mersham Road, Thornton Heath, Greater London CR7 8NU2
£325K11/210.08 mi199, Grange Road, London, Greater London SE25 6TG2
£365K11/220.09 mi227, Mersham Road, Thornton Heath, Greater London CR7 8NW2
£330K04/210.11 mi301, Grange Road, London, Greater London SE25 6TD2
£307.5K06/210.11 mi53, Hythe Road, Thornton Heath, Greater London CR7 8QR2
£273K12/200.19 miGround Floor Flat, 118, Burlington Road, Thornton Heath, Greater London CR7 8PF2
£300K12/200.25 mi294, Grange Road, Upper Norwood, London, Greater London SE19 3DF2
£308.6K09/210.29 mi8, Beulah Crescent, Thornton Heath, Greater London CR7 8JL2
£325K10/220.3 mi3, Natal Road, Thornton Heath, Greater London CR7 8QH2
£302K12/200.33 mi212, Northwood Road, Thornton Heath, Greater London CR7 8HT2
£265K11/210.33 mi208, Northwood Road, Thornton Heath, Greater London CR7 8HT2
£245K04/210.33 miFlat 4, Hazel Bank, South Norwood Hill, London, Greater London SE25 6BB2
£225K11/200.33 miFlat 7, Westminster Court, Osborne Gardens, Thornton Heath, Greater London CR7 8PA2
£330K11/200.35 miFlat 5, Crofton Court, Cypress Road, London, Greater London SE25 4BB2
£260K03/210.36 miFlat 4, Stuart Lodge, South Norwood Hill, London, Greater London SE25 6AX2
£442.5K05/230.36 mi1e, Beulah Hill, London, Greater London SE19 3LQ2
£315K02/230.4 miFlat 5, The Gardens, Whitehorse Lane, London, Greater London SE25 6UN2
£255K06/210.4 mi57a, Bensham Grove, Thornton Heath, Greater London CR7 8DD2
£307K08/210.42 mi62a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£275K06/210.42 mi64a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£300K04/230.42 mi70a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£280K01/230.42 mi269a, Whitehorse Lane, London, Greater London SE25 6UP2
£207.5K07/210.44 mi221a, Whitehorse Lane, London, Greater London SE25 6UU2
£260K03/230.46 mi94, Whitworth Road, London, Greater London SE25 6XL2
£270K10/210.47 mi15, Norwich Road, Thornton Heath, Greater London CR7 8NA2
£345K11/210.47 mi37a, Parchmore Road, Thornton Heath, Greater London CR7 8LY2
£375K03/210.49 mi7, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£263K02/230.49 mi13a, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£285K11/200.49 mi53, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£275K10/200.51 miFlat 2, Woodvale Court, South Norwood Hill, London, Greater London SE25 6AH2
£240K05/230.51 mi5, Parchmore Way, Thornton Heath, Greater London CR7 8HL2
£268K03/210.52 mi6, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ2
£275K08/210.52 mi10, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ2
£320K06/210.53 mi33, Freethorpe Close, London, Greater London SE19 3LX2
£307.5K03/210.53 mi355, Church Road, London, Greater London SE19 2QJ2
£328.8K02/230.55 miFlat 2, Barclay House, Clifton Road, London, Greater London SE25 6PZ2
£240K07/230.57 mi5, Gillett Road, Thornton Heath, Greater London CR7 8RL2
£273K11/200.58 mi86, Windsor Road, Thornton Heath, Greater London CR7 8HF2
£235K02/230.58 mi430a, Whitehorse Road, Thornton Heath, Greater London CR7 8SB2
£335K03/210.59 mi24, Spurgeon Road, London, Greater London SE19 3UF2
£332.5K06/210.6 mi2, Auckland Rise, London, Greater London SE19 2EA2
£355K01/230.63 mi299, Holmesdale Road, London, Greater London SE25 6PR2
£387.5K01/210.63 mi26, Kitley Gardens, London, Greater London SE19 2RY2
£365K04/210.63 mi14, Kitley Gardens, London, Greater London SE19 2RY2
£290K10/210.63 mi9, Kemsing Close, Thornton Heath, Greater London CR7 7AQ2
£385K03/210.64 mi33, Eskmont Ridge, London, Greater London SE19 3PZ2
£375K01/210.64 mi44, Eskmont Ridge, London, Greater London SE19 3PZ2
£343K12/200.64 mi13, Homelands Drive, London, Greater London SE19 2NU2
£365K12/200.65 miFlat 3, Balmoral Court, South Norwood Hill, London, Greater London SE25 6BT2

Local Rents

50 rents from £1.4K/mo to £2.3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,59503/240.01 mi-2
£1,59503/240.01 miLenham Road, Thornton Heath, CR72
£1,69512/240.05 mi-2
£1,64512/240.05 mi-2
£1,80001/250.05 mi-2
£1,90003/250.06 mi-2
£1,70003/240.14 miMoffat Road Thornton Heath CR72
£1,80012/240.15 mi-2
£1,70008/240.18 mi-2
£2,00008/240.18 miThe Heights, London, SE192
£1,75012/240.18 mi-2
£1,65005/240.19 mi-2
£1,67505/240.19 mi-2
£1,50012/240.24 mi-2
£1,45012/240.24 mi-2
£1,80012/240.25 mi-2
£1,60009/240.26 mi-2
£1,75002/240.27 mi-2
£1,70003/240.28 miFurze Road, Thornton heath, Surrey, CR72
£1,70003/240.28 miFurze Road, Thornton heath, Surrey, CR72
£1,75002/240.29 mi-2
£1,80009/240.29 mi-2
£1,70003/240.29 miFurze Road, Thornton Heath, CR72
£1,80003/240.29 miFurze Road, Thornton Heath, CR72
£1,75003/250.29 mi-2
£1,60008/240.3 miBRAE COURT, SOUTH NORWOOD HILL, LONDON, SE25, South Norwood, London, SE252
£2,10003/240.3 miCRANBROOK ROAD, THORNTON HEATH, CR7, Thornton Heath, CR72
£2,10003/240.31 miCranbrook Road, Thornton Heath, CR72
£1,90002/240.31 mi-2
£2,30002/250.31 mi-2
£1,70009/240.31 miSouth Norwood Hill London SE252
£1,60008/240.31 miSouth Norwood Hill, South Norwood2
£1,60011/230.32 miDorrington Court, SE252
£1,65008/240.32 miSouth Norwood Hill, London, SE252
£2,10008/240.32 miSouth Norwood Hill, London, SE252
£2,10008/240.32 miSouth Norwood Hill, London, SE252
£2,10008/240.32 mi-2
£2,10010/240.32 mi-2
£1,62508/240.33 mi-2
£1,62508/240.33 miSouth Norwood Hill, London, SE252
£1,50003/240.33 miOsborne Gardens, Thornton Heath2
£1,80008/240.33 mi-2
£1,60010/240.33 mi-2
£1,65009/240.34 mi-2
£1,65008/240.34 miPierrepoint, London, SE252
£1,69003/250.34 mi-2
£1,70008/240.35 mi-2
£1,60008/240.37 mi-2
£1,50004/240.37 miBeulah Road, Thornton Heath, CR72
£1,50004/240.37 miBeulah Road, Thornton Heath, CR72

Local Area Statistics

Population in cr7

44,620

Nearest school

0.30 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £175,000

February 28, 2025

Listed for £200,000

January 29, 2025

Floor Plans

Description

This 2-bedroom, 1-bathroom apartment is situated on Lenham Road in the vibrant area of Thornton Heath. Offering a leasehold tenure, this property is ideal for those looking to get onto the property ladder without breaking the bank. Its location provides easy access to local amenities and transport links, making it a convenient choice for commuters.

Thornton Heath is a lively suburb with a range of shops, cafes, and community facilities nearby. The property is well-connected by public transport, with regular services into central London. Families will appreciate the proximity to schools and parks, providing a balanced urban lifestyle.

The apartment offers functional living space suitable for couples or small families. It represents an excellent investment opportunity due to its affordable price point. Don't miss out on owning this well-located apartment in Thornton Heath—contact us today to arrange your interest.

Property sale is being managed via auction should you proceed with this purchase these details must be verified by your solicitor

Viewings are by appointment only please use ext 1022 when calling through from the portals.

Agent Details

The Estate Agency, Covering Nationwide

020 8051 4573

Next Steps?

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