2 Bed Flat, Single Let, CR7 7AL £150,000

14 Marion Road, Thornton Heath, Surrey, CR7 7AL - 1 views - 8 months ago
Sold STC
Leasehold
Auction
BTL
ROI: 17%
61 m²
Property image

ValuationUndervalued

Sold Prices£184K - £345K
Sold Prices/m²£2.6K/m² - £5.9K/m²

 

 

Square Metres

61 m²
Price/m²£2.5K/m²

Value Estimate

£186,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£9,200

Total Cash In

£46,700

 

 

Cash Out

 

Rent Range

£375 - £3,150

Rent Estimate

£1,453

Running Costs/mo

£779

Cashflow/mo

£674

Cashflow/yr

£8,084

ROI

17%

Gross Yield

12%

Local Sold Prices

50 sold prices from £184K to £345K, average is £290K. £2.6K/m² to £5.9K/m², average is £4.5K/m².

Price
Date
Distance
Address
Beds
 
£295K12/220.2 mi63b, Saxon Road, London, Greater London SE25 5EH2
£240K07/230.21 mi5, Gillett Road, Thornton Heath, Greater London CR7 8RL2
£295K08/210.23 mi216, Chancellor Court, Bensham Manor Road, Thornton Heath, Greater London CR7 7AW2
£290K10/210.24 mi9, Kemsing Close, Thornton Heath, Greater London CR7 7AQ2
£235K02/230.25 mi430a, Whitehorse Road, Thornton Heath, Greater London CR7 8SB2
£280K06/210.25 mi127a, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BR2
£310K08/250.26 mi68a, Holmesdale Road, South Norwood, London SE25 6JF2
£265K08/210.27 mi17a, Henderson Road, Croydon, Greater London CR0 2QG2
£330K05/250.27 miFlat 1, 36, Edith Road, South Norwood, London SE25 5PQ2
£330K05/250.27 miFlat 1, 36, Edith Road, South Norwood, London SE25 5PQ2
£340K12/240.34 mi108, Flat B, Holmesdale Road, South Norwood, London SE25 6JF2
£220K03/230.35 mi183a, Whitehorse Road, Croydon, Greater London CR0 2LJ2
£307K08/210.36 mi62a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£275K06/210.36 mi64a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£300K04/230.36 mi70a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£270K10/210.39 mi15, Norwich Road, Thornton Heath, Greater London CR7 8NA2
£328.8K02/230.41 miFlat 2, Barclay House, Clifton Road, London, Greater London SE25 6PZ2
£235K02/250.41 miFlat 2, 12, Elliott Road, Thornton Heath CR7 7QA2
£235K02/250.41 miFlat 2, 12, Elliott Road, Thornton Heath CR7 7QA2
£310K12/240.41 mi6a, Flat 2, Quadrant Road, Thornton Heath CR7 7DA2
£260K01/250.41 mi3 Spottiswood Court, Flat 45, Harry Close, Croydon CR0 2NL2
£280K11/240.43 mi198-200, Flat E, Brigstock Road, Thornton Heath CR7 7JD2
£295K07/250.44 mi2, 120 Baskerville Court, Selhurst Road, South Norwood, London SE25 6LL2
£280K08/210.45 miFlat 18, Cheriton Court, Selhurst Road, London, Greater London SE25 6LW2
£340K09/220.47 mi53, Quadrant Road, Thornton Heath, Greater London CR7 7DB2
£320K12/220.47 miFlat 1, Falcon Court, Dagnall Park, London, Greater London SE25 5PN2
£345K11/210.5 mi37a, Parchmore Road, Thornton Heath, Greater London CR7 8LY2
£330K07/250.5 mi9, Norfolk Road, Thornton Heath CR7 8ND2
£325K10/220.5 mi3, Natal Road, Thornton Heath, Greater London CR7 8QH2
£300K08/240.5 mi28a, Beulah Road, Thornton Heath CR7 8JE2
£184K04/250.52 mi35, Carew Road, Thornton Heath CR7 7RF2
£184K04/250.52 mi35, Carew Road, Thornton Heath CR7 7RF2
£298K01/230.53 miFlat 20, Selhurst New Court, Selhurst New Road, London, Greater London SE25 5PT2
£272K02/250.54 mi163, Flat 4, Selhurst Road, South Norwood, London SE25 6LG2
£290K07/230.55 mi125, Queens Road, Croydon, Greater London CR0 2PT2
£260K09/210.55 mi125a, Queens Road, Croydon, Greater London CR0 2PT2
£263K02/230.57 mi13a, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£272.5K01/250.6 mi85, St Saviour's Road, Croydon CR0 2XF2
£240K07/250.6 mi2, 25, Cameron Road, Croydon CR0 2SR2
£320K02/230.61 mi121a, Melfort Road, Thornton Heath, Greater London CR7 7RX2
£260K07/250.61 mi12, Wychwood Avenue, Thornton Heath CR7 8AQ2
£295K11/210.62 mi16, Prestwood Gardens, Croydon, Greater London CR0 2TW2
£275K08/210.63 mi10, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ2
£207.5K07/210.63 mi221a, Whitehorse Lane, London, Greater London SE25 6UU2
£294K03/230.64 mi31a, Clarence Road, Croydon, Greater London CR0 2EN2
£345K11/240.65 mi180 Henley Lodge, 4, Selhurst Road, South Norwood, London SE25 5SE2
£290K12/240.66 mi241 Bravo House, Flat 4, Whitehorse Lane, South Norwood, London SE25 6UU2
£345K03/250.66 mi13, Henley Lodge, Tennison Road, South Norwood, London SE25 5RP2
£225K11/240.66 mi133a, Parchmore Road, Thornton Heath CR7 8LZ2
£307.5K06/210.67 mi53, Hythe Road, Thornton Heath, Greater London CR7 8QR2

Local Rents

50 rents from £375/mo to £3.1K/mo, average is £1.7K/mo.

Rent
Date
Distance
Address
Beds
 
£1,80005/250.01 mi-2
£1,60004/240.03 miMarion Road, Thornton Heath, CR72
£2,10001/250.07 mi-2
£1,40005/250.07 mi-2
£1,95003/240.08 miBensham Manor Road, Thornton Heath, CR72
£1,60004/240.09 mi-2
£1,60012/240.09 miPawsons Road, CR0 2QE2
£1,85012/240.14 mi-2
£1,50009/250.14 miWhitehorse Road, Croydon, London, CR02
£1,45010/250.14 miWhitehorse Road, Croydon, London, CR02
£1,70008/240.17 miHolmesdale Road, London2
£1,75007/250.18 mi-2
£1,60010/240.18 mi-2
£1,60012/240.18 mi-2
£1,75002/240.18 mi-2
£1,75009/250.19 miWhitehorse Road, Croydon2
£1,65002/240.19 mi-2
£1,65003/240.19 mi-2
£1,65003/240.19 mi-2
£1,47512/240.19 mi-2
£1,60003/240.19 mi-2
£2,10003/240.19 mi-2
£2,00003/240.19 miZion road, Thornton Heath2
£2,00004/240.19 miZion Road, Thornton Heath, CR72
£2,00005/240.19 miZion Road, Thornton Heath, CR72
£1,55004/240.21 miBoswell Road, Thornton Heath, Surrey, CR72
£1,40003/240.21 miBoswell Road, CR72
£1,70006/250.21 mi-2
£1,45007/250.23 miFFF 4 Cotford Road, Thornton Heath, Surrey, CR72
£3,15012/240.23 mi-2
£2,15011/250.23 mi-2
£1,70010/250.23 miWhitehorse Road, Croydon, CR02
£1,70007/250.23 mi-2
£1,80004/240.23 mi-2
£1,80012/240.23 mi-2
£1,65012/240.24 mi-2
£1,75010/250.24 miBroadway Avenue, Croydon, CR02
£1,75006/250.25 miHolmesdale Road, SE252
£37512/240.25 mi-2
£1,85011/240.25 mi-2
£1,70012/240.25 mi-2
£1,60004/250.25 mi-2
£2,00003/240.25 mi-2
£2,05003/240.25 mi-2
£1,72510/250.25 miPinnacle Apartments, Saffron Central Square, Croydon, CR02
£1,72508/250.25 miPinnacle Apartments, Saffron Central Square, Croydon, CR02
£1,65003/240.25 miEcclesbourne Road, Thornton Heath , Surrey, CR72
£1,65003/240.25 miEcclesbourne Road, Thornton Heath, London, CR72
£1,85010/230.26 miBensham Manor Road, Thornton heath2
£1,50002/240.26 mi-2

Local Area Statistics

Population in cr7

44,620

Nearest school

0.20 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £150,000

March 5, 2025

Description

**Guide Price £150,000 * Plus 5% Buyers Premium + VAT

For sale by unconditional online auction on the 26th of March 2025.

Registration is now open, bidding opens on 26th on March at 10:00 and ends on 26th March 2025on March at 13:50**

SOLD BY TCPA 2 BED GROUND FLOOR APARTMENT TO BE SOLD AT AUCTION ON THE 26TH MARCH 2025

Description
THIS 2 BED APARTMENT WITH 90 YEARS UNEXPIRED LEASE IS TO BE SOLD WITH VACANT POSSESSION

REGISTER ON AUCTIONEER WEBSITE FOR LEGAL PACK AND VIEWING INFORMATION.

Set on a quiet residential road, this property is ideally located for transport connections and is 0.4 miles from Thornton Heath station, 0.5 miles to Selhurst Station. It is also well positioned to the Thornton Heath hub and its local amenities.

Legal Pack
A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.

Auction Information
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Agent Details

Town & Country North West, Liverpool

0151 453 3527

Next Steps?

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