2 Bed Flat, Single Let, CR7 7RS, £230,000

Melfort Road, Thornton Heath, CR7 7RS - 1 views - 22 days ago

Leasehold
BTL
ROI: 3%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£151K - £375K
Sold Prices/m²£2.4K/m² - £5.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.4K/m²

Value Estimate

£282,900
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£12,700

Total Cash In

£70,200

 

 

Cash Out

 

Rent Range

£1,400 - £2,100

Rent Estimate

£1,150

Running Costs/mo

£969

Cashflow/mo

£181

Cashflow/yr

£2,175

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £151K to £375K, average is £286.3K. £2.4K/m² to £5.8K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£296.5K03/210 miGround Floor Flat, 23, Melfort Road, Thornton Heath, Greater London CR7 7RS2
£340K09/220.15 mi53, Quadrant Road, Thornton Heath, Greater London CR7 7DB2
£290K10/210.17 mi9, Kemsing Close, Thornton Heath, Greater London CR7 7AQ2
£295K08/210.17 mi216, Chancellor Court, Bensham Manor Road, Thornton Heath, Greater London CR7 7AW2
£345K11/210.19 mi37a, Parchmore Road, Thornton Heath, Greater London CR7 8LY2
£270K10/210.2 mi15, Norwich Road, Thornton Heath, Greater London CR7 8NA2
£320K02/230.22 mi121a, Melfort Road, Thornton Heath, Greater London CR7 7RX2
£151K01/210.22 mi128, Melfort Road, Thornton Heath, Greater London CR7 7RP2
£375K03/210.23 mi7, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£263K02/230.23 mi13a, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£285K11/200.23 mi53, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£268K03/210.27 mi6, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ2
£275K08/210.27 mi10, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ2
£240K07/230.3 mi5, Gillett Road, Thornton Heath, Greater London CR7 8RL2
£307K08/210.32 mi62a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£275K06/210.32 mi64a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£300K04/230.32 mi70a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£280K06/210.35 mi127a, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BR2
£300K03/210.36 miFirst Floor Flat, 211, Melfort Road, Thornton Heath, Greater London CR7 7RU2
£185K06/210.36 miFirst Floor Flat, 180, Melfort Road, Thornton Heath, Greater London CR7 7RQ2
£325K10/220.36 mi3, Natal Road, Thornton Heath, Greater London CR7 8QH2
£275K12/200.43 mi34, Totton Road, Thornton Heath, Greater London CR7 7QR2
£255K06/210.44 mi57a, Bensham Grove, Thornton Heath, Greater London CR7 8DD2
£235K02/230.46 mi430a, Whitehorse Road, Thornton Heath, Greater London CR7 8SB2
£273K11/200.5 mi86, Windsor Road, Thornton Heath, Greater London CR7 8HF2
£240K05/230.52 mi5, Parchmore Way, Thornton Heath, Greater London CR7 8HL2
£308.6K09/210.54 mi8, Beulah Crescent, Thornton Heath, Greater London CR7 8JL2
£260K09/210.55 mi62a, Warwick Road, Thornton Heath, Greater London CR7 7NE2
£287.5K08/230.55 mi56, Warwick Road, Thornton Heath, Greater London CR7 7NE2
£307.5K06/210.57 mi53, Hythe Road, Thornton Heath, Greater London CR7 8QR2
£225K11/200.58 miFlat 7, Westminster Court, Osborne Gardens, Thornton Heath, Greater London CR7 8PA2
£295K12/220.58 mi63b, Saxon Road, London, Greater London SE25 5EH2
£295K03/230.59 mi29a, Warwick Road, Thornton Heath, Greater London CR7 7NH2
£261K07/210.59 mi23, Warwick Road, Thornton Heath, Greater London CR7 7NH2
£328.8K02/230.61 miFlat 2, Barclay House, Clifton Road, London, Greater London SE25 6PZ2
£325K11/210.61 mi199, Grange Road, London, Greater London SE25 6TG2
£260K09/220.62 mi53, St Christophers Gardens, Thornton Heath, Greater London CR7 7NS2
£265K08/210.63 mi17a, Henderson Road, Croydon, Greater London CR0 2QG2
£288K02/210.63 mi68a, Holmesdale Road, London, Greater London SE25 6JF2
£273K12/200.66 miGround Floor Flat, 118, Burlington Road, Thornton Heath, Greater London CR7 8PF2
£290K02/210.69 mi179, Mersham Road, Thornton Heath, Greater London CR7 8NU2
£289K02/210.69 mi181, Mersham Road, Thornton Heath, Greater London CR7 8NU2
£220K03/230.71 mi183a, Whitehorse Road, Croydon, Greater London CR0 2LJ2
£346K01/210.73 mi51a, Dagnall Park, London, Greater London SE25 5EG2
£259K05/210.74 miFlat A, 31, Galpins Road, Thornton Heath, Greater London CR7 6EL2
£365K11/220.74 mi227, Mersham Road, Thornton Heath, Greater London CR7 8NW2
£207.5K07/210.75 mi221a, Whitehorse Lane, London, Greater London SE25 6UU2
£330K04/210.76 mi301, Grange Road, London, Greater London SE25 6TD2
£195K12/220.76 mi30a, Broughton Road, Thornton Heath, Greater London CR7 6AL2
£302K12/200.77 mi212, Northwood Road, Thornton Heath, Greater London CR7 8HT2

Local Rents

50 rents from £1.4K/mo to £2.1K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,80003/250.08 mi-2
£1,45002/240.12 mi-2
£1,65004/240.13 miQuadrant Road, Thornton Heath2
£1,65002/240.14 mi-2
£1,65003/240.14 mi-2
£1,65002/240.15 mi-2
£1,50012/240.17 mi-2
£1,65004/240.19 miMelfort Road, Thornton Heath, CR72
£1,65005/240.19 mi-2
£1,55004/240.19 miBoswell Road, Thornton Heath, Surrey, CR72
£1,60012/240.2 mi-2
£1,80004/240.2 mi-2
£1,80012/240.2 mi-2
£1,40003/240.2 miBoswell Road, CR72
£1,70002/250.21 mi-2
£1,75002/250.21 mi-2
£1,80002/250.21 mi-2
£1,75002/250.21 mi-2
£1,75002/250.21 mi-2
£1,75002/250.21 mi-2
£1,75002/250.21 mi-2
£1,75002/250.21 mi-2
£1,75002/250.21 mi-2
£1,75002/250.21 mi-2
£1,75002/250.21 mi-2
£1,70003/250.21 mi-2
£1,70003/250.21 mi-2
£1,70003/250.21 mi-2
£1,70003/250.21 mi-2
£1,60003/240.21 mi-2
£1,47512/240.21 mi-2
£1,75002/240.21 mi-2
£1,50004/240.24 mi-2
£1,75003/250.24 mi-2
£1,50005/240.24 miBensham Lane, Thornton Heath, CR72
£1,50005/240.24 mi-2
£2,00002/250.25 mi-2
£1,57012/240.26 mi-2
£1,55003/240.27 miBrigstock Road, Thornton Heath, CR72
£1,97503/250.27 mi-2
£1,55001/250.29 mi-2
£1,65002/240.3 mi-2
£1,65003/240.3 mi-2
£1,65003/240.3 mi-2
£1,90002/240.31 mi-2
£2,00003/240.31 mi-2
£2,05003/240.31 mi-2
£2,10001/250.33 mi-2
£2,00003/240.34 miBeverstone Road, Thornton Heath, CR72
£1,60004/240.35 miBeulah Road, Thornton Heath, CR7 8JG2

Local Area Statistics

Population in cr7

44,620

Nearest school

0.30 miles away

Nearest train station

0.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £230,000

March 13, 2025

Description

  • Ground-floor +
  • Two-bedrooms +
  • Garden-flat +
  • Walking distance to Thornton Heath Station +
  • 150 years left remaining on the lease +
  • Peppercorn ground rent +
  • Service Charge: TBC +
  • Council Tax Band: C +

SUMMARY
Two-bedroom, ground floor flat on a popular road in Thornton Heath, just a short walk away from Thornton Heath Station.

DESCRIPTION
This property comprises of two good sized bedrooms, lounge, kitchen, bathroom and rear garden. The location is ideal for commuters, with Thornton Heath Station (Zone 4) within walking distance, providing quick access to Central London. Nearby amenities include Melfort Recreation Ground and Thornton Heath High Street, offering supermarkets, coffee shops, and more.

Property can be sold with the tenant in situ. Current rent collected is £1,150pcm

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnard Marcus, Thornton Heath

020 3835 3547

Next Steps?

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