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

Mersham Road, CR7 8NR, Thornton Heath, CR7 - 2 views - a month ago

Leasehold
BTL
ROI: 7%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£207.5K - £442.5K
Sold Prices/m²£3.5K/m² - £6.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£312,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Rent Range

£1,450 - £3,000

Rent Estimate

£1,550

Running Costs/mo

£1,111

Cashflow/mo

£439

Cashflow/yr

£5,265

ROI

7%

Gross Yield

7%

Local Sold Prices

51 sold prices from £207.5K to £442.5K, average is £307.5K. £3.5K/m² to £6.5K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£365K11/220.03 mi227, Mersham Road, Thornton Heath, Greater London CR7 8NW2
£330K04/210.04 mi301, Grange Road, London, Greater London SE25 6TD2
£289K02/210.05 mi181, Mersham Road, Thornton Heath, Greater London CR7 8NU2
£290K02/210.05 mi179, Mersham Road, Thornton Heath, Greater London CR7 8NU2
£325K11/210.14 mi199, Grange Road, London, Greater London SE25 6TG2
£307.5K06/210.17 mi53, Hythe Road, Thornton Heath, Greater London CR7 8QR2
£300K12/200.18 mi294, Grange Road, Upper Norwood, London, Greater London SE19 3DF2
£273K12/200.21 miGround Floor Flat, 118, Burlington Road, Thornton Heath, Greater London CR7 8PF2
£245K04/210.27 miFlat 4, Hazel Bank, South Norwood Hill, London, Greater London SE25 6BB2
£330K11/200.29 miFlat 5, Crofton Court, Cypress Road, London, Greater London SE25 4BB2
£442.5K05/230.3 mi1e, Beulah Hill, London, Greater London SE19 3LQ2
£260K03/210.31 miFlat 4, Stuart Lodge, South Norwood Hill, London, Greater London SE25 6AX2
£265K11/210.32 mi208, Northwood Road, Thornton Heath, Greater London CR7 8HT2
£302K12/200.32 mi212, Northwood Road, Thornton Heath, Greater London CR7 8HT2
£308.6K09/210.33 mi8, Beulah Crescent, Thornton Heath, Greater London CR7 8JL2
£225K11/200.36 miFlat 7, Westminster Court, Osborne Gardens, Thornton Heath, Greater London CR7 8PA2
£325K10/220.37 mi3, Natal Road, Thornton Heath, Greater London CR7 8QH2
£315K02/230.39 miFlat 5, The Gardens, Whitehorse Lane, London, Greater London SE25 6UN2
£280K01/230.43 mi269a, Whitehorse Lane, London, Greater London SE25 6UP2
£255K06/210.45 mi57a, Bensham Grove, Thornton Heath, Greater London CR7 8DD2
£207.5K07/210.46 mi221a, Whitehorse Lane, London, Greater London SE25 6UU2
£260K03/230.47 mi94, Whitworth Road, London, Greater London SE25 6XL2
£307.5K03/210.47 mi355, Church Road, London, Greater London SE19 2QJ2
£320K06/210.47 mi33, Freethorpe Close, London, Greater London SE19 3LX2
£275K10/200.48 miFlat 2, Woodvale Court, South Norwood Hill, London, Greater London SE25 6AH2
£275K06/210.48 mi64a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£307K08/210.48 mi62a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£300K04/230.48 mi70a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£332.5K06/210.53 mi2, Auckland Rise, London, Greater London SE19 2EA2
£270K10/210.54 mi15, Norwich Road, Thornton Heath, Greater London CR7 8NA2
£345K11/210.54 mi37a, Parchmore Road, Thornton Heath, Greater London CR7 8LY2
£335K03/210.54 mi24, Spurgeon Road, London, Greater London SE19 3UF2
£240K05/230.55 mi5, Parchmore Way, Thornton Heath, Greater London CR7 8HL2
£285K11/200.55 mi53, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£375K03/210.55 mi7, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£263K02/230.55 mi13a, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£387.5K01/210.57 mi26, Kitley Gardens, London, Greater London SE19 2RY2
£365K04/210.57 mi14, Kitley Gardens, London, Greater London SE19 2RY2
£375K01/210.58 mi44, Eskmont Ridge, London, Greater London SE19 3PZ2
£385K03/210.58 mi33, Eskmont Ridge, London, Greater London SE19 3PZ2
£343K12/200.58 mi13, Homelands Drive, London, Greater London SE19 2NU2
£268K03/210.58 mi6, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ2
£275K08/210.58 mi10, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ2
£328.8K02/230.59 miFlat 2, Barclay House, Clifton Road, London, Greater London SE25 6PZ2
£275K01/230.6 mi65, Highfield Hill, London, Greater London SE19 3PT2
£420K02/230.6 mi207c, Church Road, London, Greater London SE19 2QQ2
£360K01/210.61 mi24, Sylvan Road, London, Greater London SE19 2RZ2
£297K10/210.61 mi114, Sylvan Road, London, Greater London SE19 2RZ2
£318K11/210.61 mi102, Sylvan Road, London, Greater London SE19 2RZ2
£380K07/230.61 mi120, Sylvan Road, London, Greater London SE19 2RZ2
£380K07/230.61 mi120, Sylvan Road, London, Greater London SE19 2RZ2

Local Rents

49 rents from £1.4K/mo to £3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,90003/250.03 mi-2
£1,69512/240.07 mi-2
£1,64512/240.07 mi-2
£1,59503/240.08 mi-2
£1,59503/240.08 miLenham Road, Thornton Heath, CR72
£1,70008/240.12 mi-2
£2,00008/240.12 miThe Heights, London, SE192
£1,80001/250.12 mi-2
£1,80012/240.13 mi-2
£1,70003/240.15 miMoffat Road Thornton Heath CR72
£1,67505/240.2 mi-2
£1,65005/240.2 mi-2
£1,80012/240.23 mi-2
£1,60008/240.23 miBRAE COURT, SOUTH NORWOOD HILL, LONDON, SE25, South Norwood, London, SE252
£1,60008/240.25 miSouth Norwood Hill, South Norwood2
£1,70009/240.25 miSouth Norwood Hill London SE252
£1,75012/240.25 mi-2
£1,60011/230.25 miDorrington Court, SE252
£1,65008/240.26 miSouth Norwood Hill, London, SE252
£1,60009/240.26 mi-2
£2,10008/240.26 miSouth Norwood Hill, London, SE252
£2,10008/240.26 miSouth Norwood Hill, London, SE252
£2,10008/240.26 mi-2
£2,10010/240.26 mi-2
£1,80008/240.27 mi-2
£1,62508/240.27 mi-2
£1,62508/240.27 miSouth Norwood Hill, London, SE252
£1,60010/240.28 mi-2
£1,50012/240.29 mi-2
£1,45012/240.29 mi-2
£2,10003/240.3 miCRANBROOK ROAD, THORNTON HEATH, CR7, Thornton Heath, CR72
£1,70008/240.31 mi-2
£1,60008/240.31 mi-2
£2,10003/240.31 miCranbrook Road, Thornton Heath, CR72
£1,90002/240.31 mi-2
£1,65009/240.32 mi-2
£1,65008/240.32 miPierrepoint, London, SE252
£1,69003/250.32 mi-2
£3,00008/240.33 mi-2
£3,00008/240.33 miChurch Road, London, SE192
£1,70003/240.34 miFurze Road, Thornton heath, Surrey, CR72
£1,70003/240.34 miFurze Road, Thornton heath, Surrey, CR72
£1,62508/240.34 miBeulah Hill, London, SE192
£1,55008/240.34 miCintra House, 9 Beulah Hill, London, SE192
£1,60008/240.34 miCintra House, 11 Beulah Hill, London, SE192
£1,60008/240.34 miCintra House, 11 Beulah Hill, London, SE192
£1,60008/240.34 miCintra House, 9 Beulah Hill, London, SE192
£1,55003/250.34 mi-2
£1,75002/240.34 mi-2

Local Area Statistics

Population in cr7

44,620

Nearest school

0.40 miles away

Nearest train station

0.69 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £250,000

February 19, 2025

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?

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