2 Bed Flat, Refurb/BRRR, CR7 7DB £250,000

Quadrant Road, Thornton Heath, CR7 7DB - 5 views - 9 months ago

Under Offer

Refurb/BRRR

ROI: 4%

~68 m²

ValuationFair Value

Sold Prices	£184K - £345K
Sold Prices/m²	£2.6K/m² - £6.1K/m²

Square Metres	~68.11 m²
Price/m²	£3.7K/m²
Value Estimate	£250,000£250,000

End Value (After Refurb)	£305,227£305,227
Uplift in Value	+22%+22%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£13,700£13,700
Refurb Costs	£36,033£36,033
Bridging Loan Interest	£6,563£6,563
Total Cash In	£120,545£120,545

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£305,227£305,227
Mortgage (After Refinance)	£228,920£228,920
Mortgage LTV	75%75%
Cash Released	£41,420£41,420
Cash Left In	£79,125£79,125
Equity	£76,307£76,307
Rent Range	£1,350 - £2,000£1,350 - £2,000
Rent Estimate	£1,695
Running Costs/mo	£1,313£1,313
Cashflow/mo	£382£382
Cashflow/yr	£4,586£4,586
ROI	4%4%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £184K to £345K, average is £275K. £2.6K/m² to £6.1K/m², average is £4.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£340K	09/22	0 mi	53, Quadrant Road, Thornton Heath, Greater London CR7 7DB	£5,397	63	2	Flat
£235K	02/25	0.06 mi	Flat 2, 12, Elliott Road, Thornton Heath CR7 7QA	£5,595	42	2	Flat
£235K	02/25	0.06 mi	Flat 2, 12, Elliott Road, Thornton Heath CR7 7QA	-	-	2	Flat
£310K	12/24	0.07 mi	6a, Flat 2, Quadrant Road, Thornton Heath CR7 7DA	£4,189	74	2	Flat
£184K	04/25	0.12 mi	35, Carew Road, Thornton Heath CR7 7RF	£3,852	48	2	Flat
£184K	04/25	0.12 mi	35, Carew Road, Thornton Heath CR7 7RF	-	-	2	Flat
£280K	11/24	0.13 mi	198-200, Flat E, Brigstock Road, Thornton Heath CR7 7JD	£4,118	68	2	Flat
£320K	02/23	0.22 mi	121a, Melfort Road, Thornton Heath, Greater London CR7 7RX	£4,776	67	2	Flat
£300K	08/24	0.26 mi	28a, Beulah Road, Thornton Heath CR7 8JE	£3,846	78	2	Flat
£295K	08/21	0.28 mi	216, Chancellor Court, Bensham Manor Road, Thornton Heath, Greater London CR7 7AW	£4,097	72	2	Flat
£290K	10/21	0.29 mi	9, Kemsing Close, Thornton Heath, Greater London CR7 7AQ	-	-	2	Flat
£345K	11/21	0.32 mi	37a, Parchmore Road, Thornton Heath, Greater London CR7 8LY	£3,557	97	2	Flat
£260K	07/25	0.33 mi	12, Wychwood Avenue, Thornton Heath CR7 8AQ	-	-	2	Flat
£263K	02/23	0.33 mi	13a, Beulah Road, Thornton Heath, Greater London CR7 8JH	£4,782	55	2	Flat
£275K	08/21	0.34 mi	10, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ	£4,911	56	2	Flat
£280K	06/21	0.34 mi	127a, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BR	£4,912	57	2	Flat
£312K	10/24	0.34 mi	176, Ground Floor Flat At, Melfort Road, Thornton Heath, Greater London CR7 7RQ	-	-	2	Flat
£185K	06/21	0.34 mi	First Floor Flat, 180, Melfort Road, Thornton Heath, Greater London CR7 7RQ	£2,984	62	2	Flat
£270K	10/21	0.35 mi	15, Norwich Road, Thornton Heath, Greater London CR7 8NA	£4,821	56	2	Flat
£330K	07/25	0.38 mi	9, Norfolk Road, Thornton Heath CR7 8ND	-	-	2	Flat
£225K	11/24	0.42 mi	133a, Parchmore Road, Thornton Heath CR7 8LZ	£2,586	87	2	Flat
£240K	07/23	0.43 mi	5, Gillett Road, Thornton Heath, Greater London CR7 8RL	-	-	2	Flat
£260K	09/21	0.44 mi	62a, Warwick Road, Thornton Heath, Greater London CR7 7NE	£4,552	57	2	Flat
£287.5K	08/23	0.44 mi	56, Warwick Road, Thornton Heath, Greater London CR7 7NE	£5,044	57	2	Flat
£250K	03/25	0.45 mi	26, Jubilee Court, London Road, Thornton Heath CR7 6JL	£4,167	60	2	Flat
£250K	03/25	0.45 mi	26, Jubilee Court, London Road, Thornton Heath CR7 6JL	-	-	2	Flat
£275K	04/25	0.46 mi	Flat 20, Gala Court, London Road, Thornton Heath CR7 6EQ	£3,198	86	2	Flat
£275K	04/25	0.46 mi	Flat 20, Gala Court, London Road, Thornton Heath CR7 6EQ	-	-	2	Flat
£265K	12/24	0.47 mi	41b, Windsor Road, Thornton Heath CR7 8HG	-	-	2	Flat
£225.6K	10/24	0.47 mi	Warwick Gardens, 61, London Road, Thornton Heath CR7 7NB	£4,178	54	2	Flat
£307K	08/21	0.47 mi	62a, Grange Park Road, Thornton Heath, Greater London CR7 8QA	£4,386	70	2	Flat
£275K	06/21	0.47 mi	64a, Grange Park Road, Thornton Heath, Greater London CR7 8QA	£4,044	68	2	Flat
£300K	04/23	0.47 mi	70a, Grange Park Road, Thornton Heath, Greater London CR7 8QA	£4,615	65	2	Flat
£295K	03/23	0.48 mi	29a, Warwick Road, Thornton Heath, Greater London CR7 7NH	-	-	2	Flat
£261K	07/21	0.48 mi	23, Warwick Road, Thornton Heath, Greater London CR7 7NH	-	-	2	Flat
£231K	02/25	0.49 mi	17, Warwick Road, Thornton Heath CR7 7NH	£3,850	60	2	Flat
£231K	02/25	0.49 mi	17, Warwick Road, Thornton Heath CR7 7NH	-	-	2	Flat
£260K	09/22	0.49 mi	53, St Christophers Gardens, Thornton Heath, Greater London CR7 7NS	£4,333	60	2	Flat
£190K	03/25	0.5 mi	1, St Christopher's Gardens, Thornton Heath CR7 7NS	£4,750	40	2	Flat
£190K	03/25	0.5 mi	1, St Christopher's Gardens, Thornton Heath CR7 7NS	-	-	2	Flat
£285K	05/25	0.51 mi	11, 180 Queensbury Court, Parchmore Road, Thornton Heath CR7 8SL	-	-	2	Flat
£285K	05/25	0.51 mi	11, 180 Queensbury Court, Parchmore Road, Thornton Heath CR7 8SL	£6,064	47	2	Flat
£325K	10/22	0.51 mi	3, Natal Road, Thornton Heath, Greater London CR7 8QH	-	-	2	Flat
£255K	06/21	0.53 mi	57a, Bensham Grove, Thornton Heath, Greater London CR7 8DD	£3,515	73	2	Flat
£320K	06/25	0.53 mi	221, Parchmore Road, Thornton Heath CR7 8HH	£5,714	56	2	Flat
£320K	06/25	0.53 mi	221, Parchmore Road, Thornton Heath CR7 8HH	-	-	2	Flat
£305K	03/25	0.53 mi	Flat 1, 2c Grove Lodge, Bensham Grove, Thornton Heath CR7 8EA	£4,485	68	2	Flat
£305K	03/25	0.53 mi	Flat 1, 2c Grove Lodge, Bensham Grove, Thornton Heath CR7 8EA	-	-	2	Flat
£320K	09/24	0.54 mi	98, Windsor Road, Thornton Heath CR7 8HF	£5,333	60	2	Flat
£240K	05/23	0.58 mi	5, Parchmore Way, Thornton Heath, Greater London CR7 8HL	-	-	2	Flat

Local Rents

50 rents from £1.4K/mo to £2K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,650	02/24	0.01 mi	-	2	Flat
£1,650	03/24	0.01 mi	-	2	Flat
£1,500	11/25	0.03 mi	Quadrant Road, Thornton Heath, Surrey, CR7	2	Flat
£1,650	04/24	0.03 mi	Quadrant Road, Thornton Heath	2	Flat
£1,850	08/25	0.06 mi	-	2	Flat
£1,800	08/25	0.06 mi	Elliott Road, Thornton Heath, CR7	2	Flat
£1,850	08/25	0.06 mi	Elliott Road, Thornton Heath, CR7	2	Flat
£1,500	10/25	0.07 mi	Quadrant Road, Thornton Heath, Surrey, CR7	2	Flat
£1,555	07/25	0.1 mi	-	2	Flat
£1,515	07/25	0.1 mi	-	2	Terraced House
£1,515	08/25	0.1 mi	-	2	Terraced House
£1,500	11/25	0.1 mi	Quadrant Road, Thornton Heath, CR7	2	Flat
£1,550	05/25	0.11 mi	-	2	Flat
£1,500	05/25	0.12 mi	-	2	Flat
£1,550	11/25	0.13 mi	Brigstock Road, Thornton Heath, CR7	2	Flat
£1,550	10/25	0.15 mi	Brigstock Road, Thornton Heath	2	Flat
£1,500	11/25	0.15 mi	Brigstock Road, Thornton Heath	2	Flat
£1,800	03/25	0.15 mi	-	2	Flat
£1,550	11/25	0.16 mi	Brigstock Road, Thornton Heath, CR7	2	Flat
£1,500	05/24	0.16 mi	-	2	Flat
£1,500	05/24	0.16 mi	Bensham Lane, Thornton Heath, CR7	2	Flat
£1,600	06/25	0.17 mi	Melfort Road, Thornton Heath, CR7	2	Flat
£1,350	06/25	0.17 mi	Melfort Road, THORNTON HEATH	2	Flat
£1,800	07/25	0.18 mi	Bensham Lane, Thornton Heath, CR7	2	Flat
£1,800	07/25	0.18 mi	Bensham Lane, Thornton Heath, CR7	2	Flat
£1,800	07/25	0.18 mi	Bensham Lane, Thornton Heath, CR7	2	Flat
£2,000	02/25	0.18 mi	-	2	Flat
£1,800	08/25	0.18 mi	-	2	Flat
£1,550	03/24	0.18 mi	Brigstock Road, Thornton Heath, CR7	2	Flat
£1,550	08/25	0.18 mi	-	2	Flat
£1,500	12/24	0.19 mi	-	2	Flat
£2,000	03/24	0.19 mi	Beverstone Road, Thornton Heath, CR7	2	Flat
£1,650	05/24	0.2 mi	-	2	Flat
£1,650	04/24	0.2 mi	Melfort Road, Thornton Heath, CR7	2	Flat
£1,570	12/24	0.2 mi	-	2	Flat
£2,000	09/25	0.2 mi	Beverstone Road, Thornton Heath	2	Terraced House
£1,475	06/25	0.22 mi	Beulah Road, Thornton Heath, CR7	2	Flat
£1,400	07/25	0.22 mi	Beulah Road, Thornton Heath, CR7	2	Flat
£1,450	02/24	0.22 mi	-	2	Flat
£1,400	07/25	0.22 mi	-	2	Flat
£1,450	06/25	0.23 mi	Melfort Road, THORNTON HEATH	2	Flat
£1,850	10/23	0.24 mi	Bensham Manor Road, Thornton heath	2	Flat
£1,500	04/24	0.24 mi	-	2	Flat
£1,750	04/25	0.24 mi	-	2	Flat
£1,400	03/24	0.26 mi	Boswell Road, CR7	2	Flat
£1,550	04/24	0.26 mi	Boswell Road, Thornton Heath, Surrey, CR7	2	Flat
£1,975	03/25	0.26 mi	-	2	Flat
£1,975	06/25	0.26 mi	Melfort Road, Thornton Heath, Surrey	2	Flat
£1,900	05/24	0.26 mi	Winterbourne Road	2	Terraced House
£1,750	10/25	0.26 mi	Winterbourne Road, Thornton Heath	2	Terraced House

Local Area Statistics

Population in cr7	44,62044,620
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.24 miles away0.24 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 26, 2025

Floor Plans

Description

Two double bedrooms +
Great opportunity +
No onward chain +
Split level +
Great location +
Full refurbishment needed +
1020 sq ft / 94.7 sqm +
EPC rating D +

Guide price £250,000 to £275,000. OPEN DAY! Saturday 1st March: 3pm - 4pm by appointment only. A fantastic opportunity to acquire a substantial two bedroom split level Victorian conversion flat amassing over 1000 sq ft and in need of complete refurbishment.
Council Tax Band: C
Tenure: Freehold

Original length of lease: TBC
Date lease commences: TBC
Service charge: TBC
Ground Rent: TBC

Council tax and, where applicable, lease information, service charges and ground rent are given as a guide only and should always be checked and confirmed by your Solicitor prior to exchange of contracts.

Agent Details

Kinleigh Folkard & Hayward - Sales, Crystal Palace

020 3871 6004

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

3 Bed Flat, Refurb/BRRR, CR7 7QA

£325,000

2 views • 4 months ago • 93 m²

Sold STC

3 Bed House, Refurb/BRRR, CR7 7DF

£415,000

6 months ago • 83 m²

Sold STC

4 Bed House, Refurb/BRRR, CR7 7RF

£575,000

9 months ago • 123 m²

Sold STC

3 Bed House, Refurb/BRRR, CR7 7DW

£450,000

3 months ago • 93 m²

2 Bed Flat, Refurb/BRRR, CR7 7DB £250,000

ValuationFair Value

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

Similar Properties

3 Bed Flat, Refurb/BRRR, CR7 7QA

3 Bed House, Refurb/BRRR, CR7 7DF

4 Bed House, Refurb/BRRR, CR7 7RF

3 Bed House, Refurb/BRRR, CR7 7DW

Investment Opportunity

Local Sold Prices

Local Rents