2 Bed Flat, Single Let, CR7 8NR £250,000

Mersham Road, CR7 8NR, Thornton Heath, CR7 - 9 months ago

Under Offer

Leasehold

BTL

ROI: 7%

~73 m²

ValuationUndervalued

Sold Prices	£207.5K - £505K
Sold Prices/m²	£2.6K/m² - £12.9K/m²

Square Metres	~72.60 m²
Price/m²	£3.4K/m²
Value Estimate	£302,500£302,500
BMV	21%

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	£1,595 - £2,350£1,595 - £2,350
Rent Estimate	£1,600
Running Costs/mo	£1,121£1,121
Cashflow/mo	£479£479
Cashflow/yr	£5,745£5,745
ROI	7%7%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £207.5K to £505K, average is £307.3K. £2.6K/m² to £12.9K/m², average is £4.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£343K	11/24	0.03 mi	227, Mersham Road, Thornton Heath CR7 8NW	£5,359	64	2	Flat
£365K	11/22	0.03 mi	227, Mersham Road, Thornton Heath, Greater London CR7 8NW	£5,615	65	2	Flat
£355.5K	08/24	0.09 mi	112, Mersham Road, Thornton Heath CR7 8NQ	£5,228	68	2	Flat
£298K	08/24	0.12 mi	45a, Hythe Road, Thornton Heath CR7 8QQ	£3,921	76	2	Flat
£325K	11/21	0.14 mi	199, Grange Road, London, Greater London SE25 6TG	£4,643	70	2	Flat
£307.5K	06/21	0.17 mi	53, Hythe Road, Thornton Heath, Greater London CR7 8QR	£4,457	69	2	Flat
£300K	02/25	0.28 mi	353 Discovery Court, 16, Grange Road, Upper Norwood, London SE19 3BL	£5,357	56	2	Flat
£442.5K	05/23	0.3 mi	1e, Beulah Hill, London, Greater London SE19 3LQ	£4,671	95	2	Flat
£265K	11/21	0.32 mi	208, Northwood Road, Thornton Heath, Greater London CR7 8HT	£4,015	66	2	Flat
£232.5K	11/24	0.32 mi	210, Northwood Road, Thornton Heath CR7 8HT	£4,559	51	2	Flat
£258K	03/25	0.32 mi	30, Pierrepoint, Ross Road, South Norwood, London SE25 6SD	£4,607	56	2	Flat
£308.6K	09/21	0.33 mi	8, Beulah Crescent, Thornton Heath, Greater London CR7 8JL	£5,059	61	2	Flat
£325K	10/22	0.37 mi	3, Natal Road, Thornton Heath, Greater London CR7 8QH	-	-	2	Flat
£352.5K	03/25	0.37 mi	7, 13 Scoresdale, Beulah Hill, Upper Norwood, London SE19 3LH	£5,975	59	2	Flat
£325K	07/25	0.38 mi	26, 17 Blenheim Court, Beulah Hill, Upper Norwood, London SE19 3LJ	-	-	2	Flat
£315K	02/23	0.39 mi	Flat 5, The Gardens, Whitehorse Lane, London, Greater London SE25 6UN	-	-	2	Flat
£305K	03/25	0.41 mi	Flat 1, 2c Grove Lodge, Bensham Grove, Thornton Heath CR7 8EA	£4,485	68	2	Flat
£305K	03/25	0.41 mi	Flat 1, 2c Grove Lodge, Bensham Grove, Thornton Heath CR7 8EA	-	-	2	Flat
£280K	01/23	0.43 mi	269a, Whitehorse Lane, London, Greater London SE25 6UP	£4,912	57	2	Flat
£375K	04/25	0.44 mi	4, 27 Ravensroost, Beulah Hill, Upper Norwood, London SE19 3LN	£5,137	73	2	Flat
£450K	01/25	0.44 mi	27 Ravensroost, 37, Beulah Hill, Upper Norwood, London SE19 3LN	£12,857	35	2	Flat
£290K	12/24	0.45 mi	241 Bravo House, Flat 4, Whitehorse Lane, South Norwood, London SE25 6UU	£5,686	51	2	Flat
£255K	06/21	0.45 mi	57a, Bensham Grove, Thornton Heath, Greater London CR7 8DD	£3,515	73	2	Flat
£207.5K	07/21	0.46 mi	221a, Whitehorse Lane, London, Greater London SE25 6UU	-	-	2	Flat
£260K	03/23	0.47 mi	94, Whitworth Road, London, Greater London SE25 6XL	-	-	2	Flat
£320K	06/21	0.47 mi	33, Freethorpe Close, London, Greater London SE19 3LX	£5,161	62	2	Flat
£330K	07/25	0.48 mi	9, Norfolk Road, Thornton Heath CR7 8ND	-	-	2	Flat
£307K	08/21	0.48 mi	62a, Grange Park Road, Thornton Heath, Greater London CR7 8QA	£4,386	70	2	Flat
£275K	06/21	0.48 mi	64a, Grange Park Road, Thornton Heath, Greater London CR7 8QA	£4,044	68	2	Flat
£300K	04/23	0.48 mi	70a, Grange Park Road, Thornton Heath, Greater London CR7 8QA	£4,615	65	2	Flat
£350K	05/25	0.5 mi	1, Woodvale Court, South Norwood Hill, South Norwood, London SE25 6AH	£5,000	70	2	Flat
£350K	05/25	0.5 mi	1, Woodvale Court, South Norwood Hill, South Norwood, London SE25 6AH	-	-	2	Flat
£285K	05/25	0.5 mi	11, 180 Queensbury Court, Parchmore Road, Thornton Heath CR7 8SL	-	-	2	Flat
£285K	05/25	0.5 mi	11, 180 Queensbury Court, Parchmore Road, Thornton Heath CR7 8SL	£6,064	47	2	Flat
£225K	11/24	0.51 mi	133a, Parchmore Road, Thornton Heath CR7 8LZ	£2,586	87	2	Flat
£332.5K	06/21	0.53 mi	2, Auckland Rise, London, Greater London SE19 2EA	£5,733	58	2	Flat
£270K	10/21	0.54 mi	15, Norwich Road, Thornton Heath, Greater London CR7 8NA	£4,821	56	2	Flat
£345K	11/21	0.54 mi	37a, Parchmore Road, Thornton Heath, Greater London CR7 8LY	£3,557	97	2	Flat
£240K	05/23	0.55 mi	5, Parchmore Way, Thornton Heath, Greater London CR7 8HL	-	-	2	Flat
£505K	07/25	0.55 mi	Flat 26, 8, Sylvan Hill, Upper Norwood, London SE19 2QF	-	-	2	Flat
£263K	02/23	0.55 mi	13a, Beulah Road, Thornton Heath, Greater London CR7 8JH	£4,782	55	2	Flat
£406K	03/25	0.57 mi	28, Kitley Gardens, Upper Norwood, London SE19 2RY	£5,342	76	2	Flat
£320K	06/25	0.58 mi	221, Parchmore Road, Thornton Heath CR7 8HH	£5,714	56	2	Flat
£320K	06/25	0.58 mi	221, Parchmore Road, Thornton Heath CR7 8HH	-	-	2	Flat
£275K	08/21	0.58 mi	10, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ	£4,911	56	2	Flat
£260K	07/25	0.59 mi	12, Wychwood Avenue, Thornton Heath CR7 8AQ	-	-	2	Flat
£328.8K	02/23	0.59 mi	Flat 2, Barclay House, Clifton Road, London, Greater London SE25 6PZ	-	-	2	Flat
£265K	12/24	0.59 mi	41b, Windsor Road, Thornton Heath CR7 8HG	-	-	2	Flat
£275K	01/23	0.6 mi	65, Highfield Hill, London, Greater London SE19 3PT	£4,583	60	2	Flat
£420K	02/23	0.6 mi	207c, Church Road, London, Greater London SE19 2QQ	£6,502	65	2	Flat

Local Rents

49 rents from £1.6K/mo to £2.4K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,900	03/25	0.03 mi	-	2	Flat
£1,750	07/25	0.04 mi	-	2	Flat
£2,350	07/25	0.04 mi	-	2	Semi-Detached House
£1,650	09/25	0.06 mi	Lenham Road, Thornton Heath, CR7	2	Flat
£1,695	12/24	0.07 mi	-	2	Flat
£1,645	12/24	0.07 mi	-	2	Flat
£1,645	11/25	0.07 mi	-	2	Flat
£1,595	03/24	0.08 mi	-	2	Flat
£1,595	03/24	0.08 mi	Lenham Road, Thornton Heath, CR7	2	Flat
£1,650	06/25	0.08 mi	-	2	Flat
£1,700	08/24	0.12 mi	-	2	Flat
£2,000	08/24	0.12 mi	The Heights, London, SE19	2	Flat
£1,800	01/25	0.12 mi	-	2	Flat
£1,800	12/24	0.13 mi	-	2	Semi-Detached House
£1,700	03/24	0.15 mi	Moffat Road Thornton Heath CR7	2	Flat
£1,950	11/25	0.17 mi	Gayfere Place, London, SE25	2	Flat
£1,800	06/25	0.2 mi	Hilltop Court, Grange Road, Crystal Palace	2	Flat
£1,675	05/24	0.2 mi	-	2	Flat
£1,650	05/24	0.2 mi	-	2	Flat
£1,800	07/25	0.2 mi	-	2	Flat
£1,800	12/24	0.23 mi	-	2	Terraced House
£1,600	08/24	0.23 mi	BRAE COURT, SOUTH NORWOOD HILL, LONDON, SE25, South Norwood, London, SE25	2	Flat
£1,600	09/25	0.23 mi	Dorrington Court, South Norwood Hill, SE25	2	Flat
£1,700	08/25	0.24 mi	Burlington Road, Thornton heath	2	Detached House
£1,600	08/24	0.25 mi	South Norwood Hill, South Norwood	2	Flat
£1,700	09/24	0.25 mi	South Norwood Hill London SE25	2	Flat
£1,600	08/25	0.25 mi	Dorrington Court	2	Flat
£1,750	12/24	0.25 mi	-	2	Flat
£2,200	08/25	0.25 mi	-	2	Flat
£1,600	11/23	0.25 mi	Dorrington Court, SE25	2	Flat
£1,650	08/24	0.26 mi	South Norwood Hill, London, SE25	2	Flat
£1,650	10/25	0.26 mi	Dorrington Court, South Norwood Hill, London, SE25	2	Flat
£2,100	10/25	0.26 mi	Ross Road, South Norwood, London, SE25	2	Flat
£1,750	07/25	0.26 mi	South Norwood Hill, South Norwood, London, SE25	2	Flat
£1,600	09/24	0.26 mi	-	2	Flat
£2,100	08/24	0.26 mi	South Norwood Hill, London, SE25	2	Terraced House
£2,100	08/24	0.26 mi	South Norwood Hill, London, SE25	2	Terraced House
£2,100	08/24	0.26 mi	-	2	Terraced House
£2,100	08/25	0.26 mi	-	2	Terraced House
£2,100	10/24	0.26 mi	-	2	Terraced House
£1,800	08/25	0.27 mi	Dorrington Court, London, SE25	2	Flat
£1,800	11/25	0.27 mi	Dorrington Court, London, SE25	2	Flat
£1,800	08/24	0.27 mi	-	2	Flat
£1,700	05/25	0.27 mi	-	2	Flat
£1,800	08/25	0.27 mi	-	2	Flat
£1,800	11/25	0.27 mi	-	2	Flat
£1,625	08/24	0.27 mi	-	2	Flat
£1,625	08/24	0.27 mi	South Norwood Hill, London, SE25	2	Flat
£1,650	08/25	0.28 mi	Ross Road, South Norwood, London, SE25	2	Flat

Local Area Statistics

Population in cr7	44,62044,620
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.69 miles away0.69 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 19, 2025

Sold for £143,000

2004

Floor Plans

Description

Fantastic ground floor 2 bedroom flat +
Spacious front reception room +
Separate dining room +
Private garden +
Smart kitchen +
Well-sized bedrooms +
Family bathroom +
Peaceful location close to Grangewood Park +

Set on a quiet residential road, this fantastic 2 bedroom flat offers 2 spacious reception rooms, well-sized bedrooms and a private garden.

This property is ideally located in a quiet residential area a short walk from Thornton Heath providing a wide range of amenities such as shops, cafes and great transport options from Thornton Heath station.

Please use the reference CHPK3566020 when contacting Foxtons.

Agent Details

Foxtons, Crystal Palace

020 3834 8506

Next Steps?

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

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2 Bed Flat, Single Let, CR7 8NR £250,000

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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Local Rents