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
Property image
Property image

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

 

 

End Value (After Refurb)

£305,227

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Refurb Costs

£36,033

Bridging Loan Interest

£6,563

Total Cash In

£120,545

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£305,227

Mortgage (After Refinance)

£228,920

Mortgage LTV

75%

Cash Released

£41,420

Cash Left In

£79,125

Equity

£76,307

Rent Range

£1,350 - £2,000

Rent Estimate

£1,695

Running Costs/mo

£1,313

Cashflow/mo

£382

Cashflow/yr

£4,586

ROI

4%

Gross Yield

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
Beds
 
£340K09/220 mi53, Quadrant Road, Thornton Heath, Greater London CR7 7DB2
£235K02/250.06 miFlat 2, 12, Elliott Road, Thornton Heath CR7 7QA2
£235K02/250.06 miFlat 2, 12, Elliott Road, Thornton Heath CR7 7QA2
£310K12/240.07 mi6a, Flat 2, Quadrant Road, Thornton Heath CR7 7DA2
£184K04/250.12 mi35, Carew Road, Thornton Heath CR7 7RF2
£184K04/250.12 mi35, Carew Road, Thornton Heath CR7 7RF2
£280K11/240.13 mi198-200, Flat E, Brigstock Road, Thornton Heath CR7 7JD2
£320K02/230.22 mi121a, Melfort Road, Thornton Heath, Greater London CR7 7RX2
£300K08/240.26 mi28a, Beulah Road, Thornton Heath CR7 8JE2
£295K08/210.28 mi216, Chancellor Court, Bensham Manor Road, Thornton Heath, Greater London CR7 7AW2
£290K10/210.29 mi9, Kemsing Close, Thornton Heath, Greater London CR7 7AQ2
£345K11/210.32 mi37a, Parchmore Road, Thornton Heath, Greater London CR7 8LY2
£260K07/250.33 mi12, Wychwood Avenue, Thornton Heath CR7 8AQ2
£263K02/230.33 mi13a, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£275K08/210.34 mi10, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ2
£280K06/210.34 mi127a, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BR2
£312K10/240.34 mi176, Ground Floor Flat At, Melfort Road, Thornton Heath, Greater London CR7 7RQ2
£185K06/210.34 miFirst Floor Flat, 180, Melfort Road, Thornton Heath, Greater London CR7 7RQ2
£270K10/210.35 mi15, Norwich Road, Thornton Heath, Greater London CR7 8NA2
£330K07/250.38 mi9, Norfolk Road, Thornton Heath CR7 8ND2
£225K11/240.42 mi133a, Parchmore Road, Thornton Heath CR7 8LZ2
£240K07/230.43 mi5, Gillett Road, Thornton Heath, Greater London CR7 8RL2
£260K09/210.44 mi62a, Warwick Road, Thornton Heath, Greater London CR7 7NE2
£287.5K08/230.44 mi56, Warwick Road, Thornton Heath, Greater London CR7 7NE2
£250K03/250.45 mi26, Jubilee Court, London Road, Thornton Heath CR7 6JL2
£250K03/250.45 mi26, Jubilee Court, London Road, Thornton Heath CR7 6JL2
£275K04/250.46 miFlat 20, Gala Court, London Road, Thornton Heath CR7 6EQ2
£275K04/250.46 miFlat 20, Gala Court, London Road, Thornton Heath CR7 6EQ2
£265K12/240.47 mi41b, Windsor Road, Thornton Heath CR7 8HG2
£225.6K10/240.47 miWarwick Gardens, 61, London Road, Thornton Heath CR7 7NB2
£307K08/210.47 mi62a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£275K06/210.47 mi64a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£300K04/230.47 mi70a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£295K03/230.48 mi29a, Warwick Road, Thornton Heath, Greater London CR7 7NH2
£261K07/210.48 mi23, Warwick Road, Thornton Heath, Greater London CR7 7NH2
£231K02/250.49 mi17, Warwick Road, Thornton Heath CR7 7NH2
£231K02/250.49 mi17, Warwick Road, Thornton Heath CR7 7NH2
£260K09/220.49 mi53, St Christophers Gardens, Thornton Heath, Greater London CR7 7NS2
£190K03/250.5 mi1, St Christopher's Gardens, Thornton Heath CR7 7NS2
£190K03/250.5 mi1, St Christopher's Gardens, Thornton Heath CR7 7NS2
£285K05/250.51 mi11, 180 Queensbury Court, Parchmore Road, Thornton Heath CR7 8SL2
£285K05/250.51 mi11, 180 Queensbury Court, Parchmore Road, Thornton Heath CR7 8SL2
£325K10/220.51 mi3, Natal Road, Thornton Heath, Greater London CR7 8QH2
£255K06/210.53 mi57a, Bensham Grove, Thornton Heath, Greater London CR7 8DD2
£320K06/250.53 mi221, Parchmore Road, Thornton Heath CR7 8HH2
£320K06/250.53 mi221, Parchmore Road, Thornton Heath CR7 8HH2
£305K03/250.53 miFlat 1, 2c Grove Lodge, Bensham Grove, Thornton Heath CR7 8EA2
£305K03/250.53 miFlat 1, 2c Grove Lodge, Bensham Grove, Thornton Heath CR7 8EA2
£320K09/240.54 mi98, Windsor Road, Thornton Heath CR7 8HF2
£240K05/230.58 mi5, Parchmore Way, Thornton Heath, Greater London CR7 8HL2

Local Rents

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

Rent
Date
Distance
Address
Beds
 
£1,65002/240.01 mi-2
£1,65003/240.01 mi-2
£1,50011/250.03 miQuadrant Road, Thornton Heath, Surrey, CR72
£1,65004/240.03 miQuadrant Road, Thornton Heath2
£1,85008/250.06 mi-2
£1,80008/250.06 miElliott Road, Thornton Heath, CR72
£1,85008/250.06 miElliott Road, Thornton Heath, CR72
£1,50010/250.07 miQuadrant Road, Thornton Heath, Surrey, CR72
£1,55507/250.1 mi-2
£1,51507/250.1 mi-2
£1,51508/250.1 mi-2
£1,50011/250.1 miQuadrant Road, Thornton Heath, CR72
£1,55005/250.11 mi-2
£1,50005/250.12 mi-2
£1,55011/250.13 miBrigstock Road, Thornton Heath, CR72
£1,55010/250.15 miBrigstock Road, Thornton Heath2
£1,50011/250.15 miBrigstock Road, Thornton Heath2
£1,80003/250.15 mi-2
£1,55011/250.16 miBrigstock Road, Thornton Heath, CR72
£1,50005/240.16 mi-2
£1,50005/240.16 miBensham Lane, Thornton Heath, CR72
£1,60006/250.17 miMelfort Road, Thornton Heath, CR72
£1,35006/250.17 miMelfort Road, THORNTON HEATH2
£1,80007/250.18 miBensham Lane, Thornton Heath, CR72
£1,80007/250.18 miBensham Lane, Thornton Heath, CR72
£1,80007/250.18 miBensham Lane, Thornton Heath, CR72
£2,00002/250.18 mi-2
£1,80008/250.18 mi-2
£1,55003/240.18 miBrigstock Road, Thornton Heath, CR72
£1,55008/250.18 mi-2
£1,50012/240.19 mi-2
£2,00003/240.19 miBeverstone Road, Thornton Heath, CR72
£1,65005/240.2 mi-2
£1,65004/240.2 miMelfort Road, Thornton Heath, CR72
£1,57012/240.2 mi-2
£2,00009/250.2 miBeverstone Road, Thornton Heath2
£1,47506/250.22 miBeulah Road, Thornton Heath, CR72
£1,40007/250.22 miBeulah Road, Thornton Heath, CR72
£1,45002/240.22 mi-2
£1,40007/250.22 mi-2
£1,45006/250.23 miMelfort Road, THORNTON HEATH2
£1,85010/230.24 miBensham Manor Road, Thornton heath2
£1,50004/240.24 mi-2
£1,75004/250.24 mi-2
£1,40003/240.26 miBoswell Road, CR72
£1,55004/240.26 miBoswell Road, Thornton Heath, Surrey, CR72
£1,97503/250.26 mi-2
£1,97506/250.26 miMelfort Road, Thornton Heath, Surrey2
£1,90005/240.26 miWinterbourne Road2
£1,75010/250.26 miWinterbourne Road, Thornton Heath2

Local Area Statistics

Population in cr7

44,620

Nearest school

0.30 miles away

Nearest train station

0.24 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 26, 2025

Floor Plans

Property image

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?

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