2 Bed Flat, Single Let, CR7 6AD £250,000

Dunheved Road South, Thornton Heath, CR7 6AD - 9 months ago
Leasehold
BTL
ROI: 7%
~58 m²
Property image

ValuationFair Value

Sold Prices£184K - £340K
Sold Prices/m²£2.4K/m² - £6K/m²

 

 

Square Metres

~57.69 m²
Price/m²£4.3K/m²

Value Estimate

£249,990

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£16,200

Total Cash In

£78,700

 

 

Cash Out

 

Rent Range

£1,400 - £2,503

Rent Estimate

£1,575

Running Costs/mo

£1,116

Cashflow/mo

£459

Cashflow/yr

£5,505

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £184K to £340K, average is £263K. £2.4K/m² to £6K/m², average is £4.4K/m².

Price
Date
Distance
Address
Beds
 
£195K12/220.15 mi30a, Broughton Road, Thornton Heath, Greater London CR7 6AL2
£286K05/230.28 mi46, Greenside Road, Croydon, Greater London CR0 3PL2
£255K03/230.35 mi69a, Greenside Road, Croydon, Greater London CR0 3PQ2
£240K07/250.36 mi2, 25, Cameron Road, Croydon CR0 2SR2
£275K04/250.4 miFlat 20, Gala Court, London Road, Thornton Heath CR7 6EQ2
£275K04/250.4 miFlat 20, Gala Court, London Road, Thornton Heath CR7 6EQ2
£272.5K01/250.44 mi85, St Saviour's Road, Croydon CR0 2XF2
£290K07/230.46 mi125, Queens Road, Croydon, Greater London CR0 2PT2
£260K09/210.46 mi125a, Queens Road, Croydon, Greater London CR0 2PT2
£260K01/250.49 mi3 Spottiswood Court, Flat 45, Harry Close, Croydon CR0 2NL2
£305K04/230.52 mi79, Onslow Road, Croydon, Greater London CR0 3NY2
£258K02/250.53 mi189 Gary Court, Flat 39, London Road, Croydon CR0 2DR2
£280K06/210.58 mi127a, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BR2
£250K03/250.58 mi26, Jubilee Court, London Road, Thornton Heath CR7 6JL2
£250K03/250.58 mi26, Jubilee Court, London Road, Thornton Heath CR7 6JL2
£280K11/240.59 mi198-200, Flat E, Brigstock Road, Thornton Heath CR7 7JD2
£245K03/230.59 mi11, Sumner Gardens, Croydon, Greater London CR0 3LP2
£295K11/210.62 mi16, Prestwood Gardens, Croydon, Greater London CR0 2TW2
£310K12/240.67 mi6a, Flat 2, Quadrant Road, Thornton Heath CR7 7DA2
£270K02/230.69 mi46, Kelvin Gardens, Croydon, Greater London CR0 4UR2
£235K02/250.69 miFlat 2, 12, Elliott Road, Thornton Heath CR7 7QA2
£235K02/250.69 miFlat 2, 12, Elliott Road, Thornton Heath CR7 7QA2
£340K09/220.7 mi53, Quadrant Road, Thornton Heath, Greater London CR7 7DB2
£270K01/230.75 mi181, Franklin Way, Croydon, Greater London CR0 4UX2
£256K06/210.76 mi139, Franklin Way, Croydon, Greater London CR0 4UX2
£265K08/210.77 mi17a, Henderson Road, Croydon, Greater London CR0 2QG2
£225.6K10/240.77 miWarwick Gardens, 61, London Road, Thornton Heath CR7 7NB2
£220K03/230.79 mi183a, Whitehorse Road, Croydon, Greater London CR0 2LJ2
£190K02/250.79 mi52a, Oakfield Road, Croydon CR0 2UB2
£280K01/250.8 mi6 Fitzroy Court, 36, Whitehorse Road, Croydon CR0 2AX2
£260K09/220.81 mi53, St Christophers Gardens, Thornton Heath, Greater London CR7 7NS2
£184K04/250.82 mi35, Carew Road, Thornton Heath CR7 7RF2
£184K04/250.82 mi35, Carew Road, Thornton Heath CR7 7RF2
£295K08/210.82 mi216, Chancellor Court, Bensham Manor Road, Thornton Heath, Greater London CR7 7AW2
£190K03/250.82 mi1, St Christopher's Gardens, Thornton Heath CR7 7NS2
£190K03/250.82 mi1, St Christopher's Gardens, Thornton Heath CR7 7NS2
£260K09/210.83 mi62a, Warwick Road, Thornton Heath, Greater London CR7 7NE2
£287.5K08/230.83 mi56, Warwick Road, Thornton Heath, Greater London CR7 7NE2
£231K02/250.84 mi17, Warwick Road, Thornton Heath CR7 7NH2
£231K02/250.84 mi17, Warwick Road, Thornton Heath CR7 7NH2
£290K10/210.84 mi9, Kemsing Close, Thornton Heath, Greater London CR7 7AQ2
£295K03/230.85 mi29a, Warwick Road, Thornton Heath, Greater London CR7 7NH2
£261K07/210.85 mi23, Warwick Road, Thornton Heath, Greater London CR7 7NH2
£294K03/230.9 mi31a, Clarence Road, Croydon, Greater London CR0 2EN2
£320K02/230.9 mi121a, Melfort Road, Thornton Heath, Greater London CR7 7RX2
£275K02/250.91 miLloyd House, 28, Tavistock Road, Croydon CR0 2AN2
£295K12/220.94 mi63b, Saxon Road, London, Greater London SE25 5EH2
£280K05/250.95 miFlat 25, 6 Keats Apartments, Saffron Central Square, Croydon CR0 2FT2
£240K07/230.95 mi5, Gillett Road, Thornton Heath, Greater London CR7 8RL2
£330K05/250.96 miFlat 1, 36, Edith Road, South Norwood, London SE25 5PQ2

Local Rents

50 rents from £1.4K/mo to £2.5K/mo, average is £1.7K/mo.

Rent
Date
Distance
Address
Beds
 
£1,80009/250.02 mi. Dunheved Road, Croydon, Thornton Heath, CR72
£1,80011/250.02 mi. Dunheved Road, Croydon, Thornton Heath, CR72
£1,67511/250.08 miFiveacres Close, Thornton Heath, Surrey, CR72
£1,60011/250.08 miFiveacre Close, Thorton Heath2
£1,60003/240.1 miFiveacre Close, Thornton Heath2
£1,85007/250.11 mi-2
£1,85006/250.11 mi-2
£1,70007/250.12 miSouthwell Road, Croydon, London, CR02
£1,60001/250.12 mi-2
£1,85007/250.13 miSouthwell Road, Croydon, CR02
£1,80011/250.15 mi-2
£1,40007/250.16 miLondon Road, Croydon, CR0 3PF2
£1,60006/250.17 mi-2
£1,60007/250.17 mi-2
£1,90009/250.18 mi-2
£1,55012/240.18 miLondon Road, Croydon, CR02
£1,65010/250.19 miLondon Road, Thornton Heath2
£2,50303/250.19 mi-2
£2,27503/250.19 mi-2
£1,67504/250.2 mi-2
£1,70003/250.2 mi-2
£1,70004/250.2 mi-2
£1,52510/250.2 miLondon Road, THORNTON HEATH2
£1,50009/250.2 mi-2
£1,45009/250.2 mi-2
£1,70009/250.21 miStanley Road, Croydon, CR02
£1,80011/250.21 miStanley Road, Croydon, CR02
£1,65006/250.23 miWortley Road, Croydon, London, CR02
£1,62507/250.23 miMayday Road, Thornton Heath, CR72
£1,65008/250.24 mi-2
£1,75012/240.25 miMarden Crescent, Croydon, CR02
£1,75012/240.25 miMarden Crescent, Croydon, CR02
£1,80004/250.25 mi-2
£1,75012/240.25 miMarden Crescent, Croydon, CR02
£1,75005/250.27 mi-2
£2,05011/250.27 miLondon Road, Croydon, CR02
£1,50006/250.27 miLondon Road, City House, CR02
£1,50011/250.27 mi-2
£1,57507/250.27 miLondon Road , West Croydon2
£1,57509/250.27 miLondon Road , West Croydon2
£1,57509/250.27 miLondon Road, West Croydon2
£1,80011/250.27 miLondon Road, CROYDON2
£1,85006/250.27 miCanterbury Road, Croydon, CR02
£1,62503/250.28 mi-2
£1,85007/250.28 mi-2
£1,50008/250.28 miLondon Road, Croydon, CR02
£2,00008/250.29 mi-2
£1,80012/240.29 miMarden Road 2
£1,80003/240.3 miThornton Road, Thornton Heath, CR72
£1,65011/250.3 miThornton Road, Croydon, CR02

Local Area Statistics

Population in cr7

44,620

Nearest school

0.40 miles away

Nearest train station

0.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £250,000

February 10, 2025

Floor Plans

Property image

Description

  • Two bedroom +
  • Second Floor +
  • Walking distance to Thornton Heath Station, bus links & High Street +
  • Close proximity to West Croydon Station & Croydon Centre +
  • Shared garden +
  • No onward chain +
  • Lease of 122 years upon sale +
  • Currently producing £1,575 rental income per month by a professional tenant +

SUMMARY
A beautifully presented converted apartment with shared garden, this well-maintained second-floor apartment is now available in a sought-after location near Croydon University Hospital, West Croydon & Thornton Heath Stations.

DESCRIPTION
The property features two generously sized bedrooms and a bright, open-plan kitchen, dining, and lounge area, with the bathroom conveniently accessed from this space. Residents also benefit from a shared garden, perfect for outdoor relaxation.

Offered with no onward chain, this apartment comes with a brand-new 122 -year lease on completion, with no current ground rent or service charge. Ideally positioned for commuters, West Croydon and Thornton Heath stations provide direct links into central London. Just a short walk from Croydon University Hospital, this is an excellent opportunity for first-time buyers or investors looking for a strong rental prospect.

Costs: 
Insurance premium which is around just over £400 per annum, per flat and bin collections which is around £30 per flat. No other fixed charges, any Service Charges are on a when necessary or needed basis.

Agents Note; 
To enable to the sale of the flat the vendor has advised that a Draft Lease will be created which would be finalised on completion in preparation for submission at Land Registry. The advertised lease details have been advised to us by the seller. We recommend that you seek guidance with regards to any financial arrangements and timeframes associated with this process to ensure that it will meet your requirements.

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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