2 Bed Flat, Single Let, CR7 7NH, £235,000

Warwick Road, Norbury, Thornton Heath, CR7 7NH - 1 views - 6 months ago

Leasehold
BTL
ROI: 7%
~60 m²
+1 photos

ValuationUndervalued

Sold Prices£151K - £395K
Sold Prices/m²£2.4K/m² - £7.4K/m²

 

 

Square Metres

~60.02 m²
Price/m²£3.9K/m²

Value Estimate

£281,839
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£8,250

Total Cash In

£67,000

 

 

Cash Out

 

Rent Range

£1,300 - £2,250

Rent Estimate

£1,466

Running Costs/mo

£1,048

Cashflow/mo

£418

Cashflow/yr

£5,021

ROI

7%

Gross Yield

7%

Local Sold Prices

44 sold prices from £151K to £395K, average is £275K. £2.4K/m² to £7.4K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£295K03/230.01 mi29a, Warwick Road, Thornton Heath, Greater London CR7 7NH2
£261K07/210.01 mi23, Warwick Road, Thornton Heath, Greater London CR7 7NH2
£260K09/210.04 mi62a, Warwick Road, Thornton Heath, Greater London CR7 7NE2
£287.5K08/230.04 mi56, Warwick Road, Thornton Heath, Greater London CR7 7NE2
£260K09/220.05 mi53, St Christophers Gardens, Thornton Heath, Greater London CR7 7NS2
£275K12/200.18 mi34, Totton Road, Thornton Heath, Greater London CR7 7QR2
£259K05/210.19 miFlat A, 31, Galpins Road, Thornton Heath, Greater London CR7 6EL2
£300K03/210.35 miFirst Floor Flat, 211, Melfort Road, Thornton Heath, Greater London CR7 7RU2
£185K06/210.38 miFirst Floor Flat, 180, Melfort Road, Thornton Heath, Greater London CR7 7RQ2
£395K06/210.39 miLower Flat, 21, Beatrice Avenue, London, Greater London SW16 4UW2
£320K02/230.43 mi121a, Melfort Road, Thornton Heath, Greater London CR7 7RX2
£151K01/210.45 mi128, Melfort Road, Thornton Heath, Greater London CR7 7RP2
£340K09/220.48 mi53, Quadrant Road, Thornton Heath, Greater London CR7 7DB2
£268K03/210.56 mi6, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ2
£275K08/210.56 mi10, Wychwood Avenue, Thornton Heath, Greater London CR7 8AQ2
£273K11/200.57 mi86, Windsor Road, Thornton Heath, Greater London CR7 8HF2
£296.5K03/210.59 miGround Floor Flat, 23, Melfort Road, Thornton Heath, Greater London CR7 7RS2
£375K03/210.61 mi7, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£263K02/230.61 mi13a, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£285K11/200.61 mi53, Beulah Road, Thornton Heath, Greater London CR7 8JH2
£240K05/230.65 mi5, Parchmore Way, Thornton Heath, Greater London CR7 8HL2
£345K11/210.66 mi37a, Parchmore Road, Thornton Heath, Greater London CR7 8LY2
£195K12/220.7 mi30a, Broughton Road, Thornton Heath, Greater London CR7 6AL2
£255K06/210.7 mi57a, Bensham Grove, Thornton Heath, Greater London CR7 8DD2
£295K08/210.75 mi216, Chancellor Court, Bensham Manor Road, Thornton Heath, Greater London CR7 7AW2
£270K10/210.75 mi15, Norwich Road, Thornton Heath, Greater London CR7 8NA2
£285K12/220.75 mi155, Wide Way, Mitcham, Greater London CR4 1BQ2
£320K11/220.75 mi157, Wide Way, Mitcham, Greater London CR4 1BQ2
£290K10/210.76 mi9, Kemsing Close, Thornton Heath, Greater London CR7 7AQ2
£300K11/200.76 mi123, Wide Way, Mitcham, Greater London CR4 1BQ2
£280K06/210.78 mi127a, Ecclesbourne Road, Thornton Heath, Greater London CR7 7BR2
£308.6K09/210.83 mi8, Beulah Crescent, Thornton Heath, Greater London CR7 8JL2
£225K11/200.83 miFlat 7, Westminster Court, Osborne Gardens, Thornton Heath, Greater London CR7 8PA2
£270K10/210.84 mi60, Wide Way, Mitcham, Greater London CR4 1BL2
£267K11/200.86 mi29, Ivy Gardens, Mitcham, Greater London CR4 1BR2
£300K11/200.86 mi4, Ivy Gardens, Mitcham, Greater London CR4 1BR2
£325K10/220.88 mi3, Natal Road, Thornton Heath, Greater London CR7 8QH2
£240K07/230.89 mi5, Gillett Road, Thornton Heath, Greater London CR7 8RL2
£307K08/210.9 mi62a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£275K06/210.9 mi64a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£300K04/230.9 mi70a, Grange Park Road, Thornton Heath, Greater London CR7 8QA2
£250K08/230.96 mi662a, Streatham High Road, London, Greater London SW16 3QL2
£250K08/230.96 mi662a, Streatham High Road, London, Greater London SW16 3QL2
£273K12/200.98 miGround Floor Flat, 118, Burlington Road, Thornton Heath, Greater London CR7 8PF2

Local Rents

50 rents from £1.3K/mo to £2.3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,75005/240.08 miWarwick Gardens, Thornton Heath2
£1,60003/240.12 miWiltshire Road, Thornton Heath2
£1,80009/240.19 miB London Road, London2
£1,85002/240.19 mi-2
£1,70009/240.2 miLondon Road2
£1,30003/240.21 miHeathview Road, THORNTON HEATH2
£1,90005/240.23 miWinterbourne Road2
£1,70005/240.26 miLondon Road, Thornton heath, Surrey, CR72
£2,00003/240.32 mi-2
£2,10009/240.32 miSolent Court, London, SW162
£1,90009/240.32 miLondon Road2
£1,80009/240.33 miLondon Road, Norbury2
£2,10003/250.33 mi-2
£2,10003/250.33 mi-2
£1,47503/240.33 miGalpins Road 2
£1,60002/250.34 mi-2
£1,70002/250.34 mi-2
£1,70002/250.34 mi-2
£1,70002/250.34 mi-2
£1,70002/250.34 mi-2
£1,70002/250.34 mi-2
£1,70002/250.34 mi-2
£1,70003/250.34 mi-2
£1,70003/250.34 mi-2
£1,65002/250.34 mi-2
£1,60003/250.34 mi-2
£1,90003/240.36 miThornton Heath, Thornton Heath, CR72
£1,90003/240.36 mi-2
£1,95003/240.36 mi-2
£1,69902/250.36 mi-2
£1,50001/250.38 mi-2
£2,00003/240.39 miBeverstone Road, Thornton Heath, CR72
£2,25009/240.4 miPollards Hill South, Norbury2
£1,97503/250.4 mi-2
£1,69502/240.43 mi-2
£1,69502/240.43 mi-2
£1,50004/240.44 mi-2
£1,60004/240.45 miLondon Road, Thornton Heath, CR72
£1,60009/240.45 miLondon Road, London2
£1,65005/240.46 mi-2
£1,65004/240.46 miMelfort Road, Thornton Heath, CR72
£1,75009/240.47 miNorthborough Road, London2
£1,80009/240.48 miLondon Road, LONDON2
£1,65002/240.48 mi-2
£1,65003/240.48 mi-2
£1,65004/240.49 miQuadrant Road, Thornton Heath2
£1,70009/240.5 miNorthborough Road, London2
£1,80003/240.51 mi-2
£1,80002/240.51 mi-2
£1,80001/250.51 mi-2

Local Area Statistics

Population in cr7

44,620

Nearest school

0.20 miles away

Nearest train station

0.70 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £235,000

October 1, 2024

Floor Plans

Description

  • Spacious 2 bedroom 1st floor flat +
  • Large reception room +
  • 2 generously sized double bedrooms +
  • Separate smart kitchen +
  • Private balcony +
  • Close to a range of shops and local amenities +
  • Thornton Heath and Norbury Stations nearby +

Situated moments from the amenities offered on London Road and convenient transport links, this spacious 2 bedroom flat features a large reception room, 2 double bedrooms and separate smart kitchen with a balcony.

Warwick Road is ideally situated moments from a variety of local cafes, shops, bars and restaurants. Thornton Heath and Norbury Stations are close by.

Please use the reference CHPK3575383 when contacting Foxtons.

Agent Details

Foxtons, Norbury

020 4538 8006

Next Steps?

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