This property was removed from Dealsourcr.
2 Bed Flat, Single Let, CR7 6AD £250,000
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£249,990 |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £62,500£62,500 |
Stamp Duty & Legal Fees | £16,200£16,200 |
Total Cash In | £78,700£78,700 |
| |
Cash Out | |
Rent Range | £1,400 - £2,503£1,400 - £2,503 |
Rent Estimate | £1,575 |
Running Costs/mo | £1,116£1,116 |
Cashflow/mo | £459£459 |
Cashflow/yr | £5,505£5,505 |
ROI | 7%7% |
Gross Yield | 8%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 | Price/m² | m² | Beds | Type | ||
| £195K | 12/22 | 0.15 mi | 30a, Broughton Road, Thornton Heath, Greater London CR7 6AL | - | - | 2 | Flat | ||
| £286K | 05/23 | 0.28 mi | 46, Greenside Road, Croydon, Greater London CR0 3PL | £4,540 | 63 | 2 | Flat | ||
| £255K | 03/23 | 0.35 mi | 69a, Greenside Road, Croydon, Greater London CR0 3PQ | - | - | 2 | Flat | ||
| £240K | 07/25 | 0.36 mi | 2, 25, Cameron Road, Croydon CR0 2SR | - | - | 2 | Flat | ||
| £275K | 04/25 | 0.4 mi | Flat 20, Gala Court, London Road, Thornton Heath CR7 6EQ | £3,198 | 86 | 2 | Flat | ||
| £275K | 04/25 | 0.4 mi | Flat 20, Gala Court, London Road, Thornton Heath CR7 6EQ | - | - | 2 | Flat | ||
| £272.5K | 01/25 | 0.44 mi | 85, St Saviour's Road, Croydon CR0 2XF | £5,142 | 53 | 2 | Flat | ||
| £290K | 07/23 | 0.46 mi | 125, Queens Road, Croydon, Greater London CR0 2PT | £4,031 | 72 | 2 | Flat | ||
| £260K | 09/21 | 0.46 mi | 125a, Queens Road, Croydon, Greater London CR0 2PT | £4,333 | 60 | 2 | Flat | ||
| £260K | 01/25 | 0.49 mi | 3 Spottiswood Court, Flat 45, Harry Close, Croydon CR0 2NL | £3,881 | 67 | 2 | Flat | ||
| £305K | 04/23 | 0.52 mi | 79, Onslow Road, Croydon, Greater London CR0 3NY | £6,028 | 51 | 2 | Flat | ||
| £258K | 02/25 | 0.53 mi | 189 Gary Court, Flat 39, London Road, Croydon CR0 2DR | £4,448 | 58 | 2 | Flat | ||
| £280K | 06/21 | 0.58 mi | 127a, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BR | £4,912 | 57 | 2 | Flat | ||
| £250K | 03/25 | 0.58 mi | 26, Jubilee Court, London Road, Thornton Heath CR7 6JL | £4,167 | 60 | 2 | Flat | ||
| £250K | 03/25 | 0.58 mi | 26, Jubilee Court, London Road, Thornton Heath CR7 6JL | - | - | 2 | Flat | ||
| £280K | 11/24 | 0.59 mi | 198-200, Flat E, Brigstock Road, Thornton Heath CR7 7JD | £4,118 | 68 | 2 | Flat | ||
| £245K | 03/23 | 0.59 mi | 11, Sumner Gardens, Croydon, Greater London CR0 3LP | - | - | 2 | Flat | ||
| £295K | 11/21 | 0.62 mi | 16, Prestwood Gardens, Croydon, Greater London CR0 2TW | £4,403 | 67 | 2 | Flat | ||
| £310K | 12/24 | 0.67 mi | 6a, Flat 2, Quadrant Road, Thornton Heath CR7 7DA | £4,189 | 74 | 2 | Flat | ||
| £270K | 02/23 | 0.69 mi | 46, Kelvin Gardens, Croydon, Greater London CR0 4UR | - | - | 2 | Flat | ||
| £235K | 02/25 | 0.69 mi | Flat 2, 12, Elliott Road, Thornton Heath CR7 7QA | £5,595 | 42 | 2 | Flat | ||
| £235K | 02/25 | 0.69 mi | Flat 2, 12, Elliott Road, Thornton Heath CR7 7QA | - | - | 2 | Flat | ||
| £340K | 09/22 | 0.7 mi | 53, Quadrant Road, Thornton Heath, Greater London CR7 7DB | £5,397 | 63 | 2 | Flat | ||
| £270K | 01/23 | 0.75 mi | 181, Franklin Way, Croydon, Greater London CR0 4UX | £5,240 | 52 | 2 | Flat | ||
| £256K | 06/21 | 0.76 mi | 139, Franklin Way, Croydon, Greater London CR0 4UX | £5,689 | 45 | 2 | Flat | ||
| £265K | 08/21 | 0.77 mi | 17a, Henderson Road, Croydon, Greater London CR0 2QG | £3,897 | 68 | 2 | Flat | ||
| £225.6K | 10/24 | 0.77 mi | Warwick Gardens, 61, London Road, Thornton Heath CR7 7NB | £4,178 | 54 | 2 | Flat | ||
| £220K | 03/23 | 0.79 mi | 183a, Whitehorse Road, Croydon, Greater London CR0 2LJ | £3,333 | 66 | 2 | Flat | ||
| £190K | 02/25 | 0.79 mi | 52a, Oakfield Road, Croydon CR0 2UB | £2,436 | 78 | 2 | Flat | ||
| £280K | 01/25 | 0.8 mi | 6 Fitzroy Court, 36, Whitehorse Road, Croydon CR0 2AX | £3,146 | 89 | 2 | Flat | ||
| £260K | 09/22 | 0.81 mi | 53, St Christophers Gardens, Thornton Heath, Greater London CR7 7NS | £4,333 | 60 | 2 | Flat | ||
| £184K | 04/25 | 0.82 mi | 35, Carew Road, Thornton Heath CR7 7RF | £3,852 | 48 | 2 | Flat | ||
| £184K | 04/25 | 0.82 mi | 35, Carew Road, Thornton Heath CR7 7RF | - | - | 2 | Flat | ||
| £295K | 08/21 | 0.82 mi | 216, Chancellor Court, Bensham Manor Road, Thornton Heath, Greater London CR7 7AW | £4,097 | 72 | 2 | Flat | ||
| £190K | 03/25 | 0.82 mi | 1, St Christopher's Gardens, Thornton Heath CR7 7NS | £4,750 | 40 | 2 | Flat | ||
| £190K | 03/25 | 0.82 mi | 1, St Christopher's Gardens, Thornton Heath CR7 7NS | - | - | 2 | Flat | ||
| £260K | 09/21 | 0.83 mi | 62a, Warwick Road, Thornton Heath, Greater London CR7 7NE | £4,552 | 57 | 2 | Flat | ||
| £287.5K | 08/23 | 0.83 mi | 56, Warwick Road, Thornton Heath, Greater London CR7 7NE | £5,044 | 57 | 2 | Flat | ||
| £231K | 02/25 | 0.84 mi | 17, Warwick Road, Thornton Heath CR7 7NH | £3,850 | 60 | 2 | Flat | ||
| £231K | 02/25 | 0.84 mi | 17, Warwick Road, Thornton Heath CR7 7NH | - | - | 2 | Flat | ||
| £290K | 10/21 | 0.84 mi | 9, Kemsing Close, Thornton Heath, Greater London CR7 7AQ | - | - | 2 | Flat | ||
| £295K | 03/23 | 0.85 mi | 29a, Warwick Road, Thornton Heath, Greater London CR7 7NH | - | - | 2 | Flat | ||
| £261K | 07/21 | 0.85 mi | 23, Warwick Road, Thornton Heath, Greater London CR7 7NH | - | - | 2 | Flat | ||
| £294K | 03/23 | 0.9 mi | 31a, Clarence Road, Croydon, Greater London CR0 2EN | £4,900 | 60 | 2 | Flat | ||
| £320K | 02/23 | 0.9 mi | 121a, Melfort Road, Thornton Heath, Greater London CR7 7RX | £4,776 | 67 | 2 | Flat | ||
| £275K | 02/25 | 0.91 mi | Lloyd House, 28, Tavistock Road, Croydon CR0 2AN | £4,825 | 57 | 2 | Flat | ||
| £295K | 12/22 | 0.94 mi | 63b, Saxon Road, London, Greater London SE25 5EH | - | - | 2 | Flat | ||
| £280K | 05/25 | 0.95 mi | Flat 25, 6 Keats Apartments, Saffron Central Square, Croydon CR0 2FT | £3,146 | 89 | 2 | Flat | ||
| £240K | 07/23 | 0.95 mi | 5, Gillett Road, Thornton Heath, Greater London CR7 8RL | - | - | 2 | Flat | ||
| £330K | 05/25 | 0.96 mi | Flat 1, 36, Edith Road, South Norwood, London SE25 5PQ | £4,853 | 68 | 2 | Flat |
Local Rents
50 rents from £1.4K/mo to £2.5K/mo, average is £1.7K/mo.
Rent | Date | Distance | Address | Beds | Type | ||
| £1,800 | 09/25 | 0.02 mi | . Dunheved Road, Croydon, Thornton Heath, CR7 | 2 | Flat | ||
| £1,800 | 11/25 | 0.02 mi | . Dunheved Road, Croydon, Thornton Heath, CR7 | 2 | Flat | ||
| £1,675 | 11/25 | 0.08 mi | Fiveacres Close, Thornton Heath, Surrey, CR7 | 2 | Flat | ||
| £1,600 | 11/25 | 0.08 mi | Fiveacre Close, Thorton Heath | 2 | Flat | ||
| £1,600 | 03/24 | 0.1 mi | Fiveacre Close, Thornton Heath | 2 | Flat | ||
| £1,850 | 07/25 | 0.11 mi | - | 2 | Terraced House | ||
| £1,850 | 06/25 | 0.11 mi | - | 2 | Terraced House | ||
| £1,700 | 07/25 | 0.12 mi | Southwell Road, Croydon, London, CR0 | 2 | Semi-Detached House | ||
| £1,600 | 01/25 | 0.12 mi | - | 2 | Terraced House | ||
| £1,850 | 07/25 | 0.13 mi | Southwell Road, Croydon, CR0 | 2 | Flat | ||
| £1,800 | 11/25 | 0.15 mi | - | 2 | Semi-Detached House | ||
| £1,400 | 07/25 | 0.16 mi | London Road, Croydon, CR0 3PF | 2 | Flat | ||
| £1,600 | 06/25 | 0.17 mi | - | 2 | Flat | ||
| £1,600 | 07/25 | 0.17 mi | - | 2 | Flat | ||
| £1,900 | 09/25 | 0.18 mi | - | 2 | Flat | ||
| £1,550 | 12/24 | 0.18 mi | London Road, Croydon, CR0 | 2 | Flat | ||
| £1,650 | 10/25 | 0.19 mi | London Road, Thornton Heath | 2 | Flat | ||
| £2,503 | 03/25 | 0.19 mi | - | 2 | Flat | ||
| £2,275 | 03/25 | 0.19 mi | - | 2 | Flat | ||
| £1,675 | 04/25 | 0.2 mi | - | 2 | Flat | ||
| £1,700 | 03/25 | 0.2 mi | - | 2 | Terraced House | ||
| £1,700 | 04/25 | 0.2 mi | - | 2 | Terraced House | ||
| £1,525 | 10/25 | 0.2 mi | London Road, THORNTON HEATH | 2 | Flat | ||
| £1,500 | 09/25 | 0.2 mi | - | 2 | Flat | ||
| £1,450 | 09/25 | 0.2 mi | - | 2 | Flat | ||
| £1,700 | 09/25 | 0.21 mi | Stanley Road, Croydon, CR0 | 2 | Terraced House | ||
| £1,800 | 11/25 | 0.21 mi | Stanley Road, Croydon, CR0 | 2 | Terraced House | ||
| £1,650 | 06/25 | 0.23 mi | Wortley Road, Croydon, London, CR0 | 2 | Flat | ||
| £1,625 | 07/25 | 0.23 mi | Mayday Road, Thornton Heath, CR7 | 2 | Flat | ||
| £1,650 | 08/25 | 0.24 mi | - | 2 | Terraced House | ||
| £1,750 | 12/24 | 0.25 mi | Marden Crescent, Croydon, CR0 | 2 | Terraced House | ||
| £1,750 | 12/24 | 0.25 mi | Marden Crescent, Croydon, CR0 | 2 | Terraced House | ||
| £1,800 | 04/25 | 0.25 mi | - | 2 | Semi-Detached House | ||
| £1,750 | 12/24 | 0.25 mi | Marden Crescent, Croydon, CR0 | 2 | Terraced House | ||
| £1,750 | 05/25 | 0.27 mi | - | 2 | Flat | ||
| £2,050 | 11/25 | 0.27 mi | London Road, Croydon, CR0 | 2 | Flat | ||
| £1,500 | 06/25 | 0.27 mi | London Road, City House, CR0 | 2 | Flat | ||
| £1,500 | 11/25 | 0.27 mi | - | 2 | Flat | ||
| £1,575 | 07/25 | 0.27 mi | London Road , West Croydon | 2 | Flat | ||
| £1,575 | 09/25 | 0.27 mi | London Road , West Croydon | 2 | Flat | ||
| £1,575 | 09/25 | 0.27 mi | London Road, West Croydon | 2 | Flat | ||
| £1,800 | 11/25 | 0.27 mi | London Road, CROYDON | 2 | Flat | ||
| £1,850 | 06/25 | 0.27 mi | Canterbury Road, Croydon, CR0 | 2 | Flat | ||
| £1,625 | 03/25 | 0.28 mi | - | 2 | Flat | ||
| £1,850 | 07/25 | 0.28 mi | - | 2 | Flat | ||
| £1,500 | 08/25 | 0.28 mi | London Road, Croydon, CR0 | 2 | Flat | ||
| £2,000 | 08/25 | 0.29 mi | - | 2 | Terraced House | ||
| £1,800 | 12/24 | 0.29 mi | Marden Road | 2 | Terraced House | ||
| £1,800 | 03/24 | 0.3 mi | Thornton Road, Thornton Heath, CR7 | 2 | Terraced House | ||
| £1,650 | 11/25 | 0.3 mi | Thornton Road, Croydon, CR0 | 2 | Terraced House |
Local Area Statistics
Population in cr7 | 44,62044,620 |
Nearest school | 0.40 miles away0.40 miles away |
Nearest train station | 0.65 miles away0.65 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 £250,000
February 10, 2025
Floor Plans
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.
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