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Galpins Road, Thornton Heath CR7 - Image 1
Galpins Road, Thornton Heath CR7 - Image 2
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Galpins Road, Thornton Heath CR7 - Image 4
Galpins Road, Thornton Heath CR7 - Image 5

Galpins Road, Thornton Heath CR7

South East

£475,000
Listed on 12/09/2022

Property Details

Bedrooms
3
Type
Terraced house
Area
1076 sqft

Description

This three-bedroom end-of-terrace house presents a valuable opportunity for renovation and investment. Situated in proximity to Mayday Hospital, various schools, shops, and essential local amenities, the location offers convenience for families and commuters alike. With easy transport links to Gatwick Airport, Brighton, and London, this property is well-positioned for both residential living and potential rental income. Inside, the home features two reception rooms that provide flexible space for living and entertaining. The downstairs area includes a toilet and shower, while an additional bathroom is located upstairs for added convenience. The fitted kitchen/diner is a practical setting for meals and gatherings. Central heating and double-glazed windows are present but may benefit from updates to enhance energy efficiency. Externally, the property offers off-street parking for two vehicles, along with a rear garden that includes a shed for storage. While the house is currently in need of modernization, it holds significant potential to be transformed into a desirable residence or rental property with thoughtful renovations. This investment opportunity combines location advantages with the prospect of adding value through upgrades and improvements.

Investment Analysis

(CR7 area)

Above Market Value

This property is priced +2.9% above area average per sq ft

+2.9%
This Property
£441/sq ft
Area Average
£429/sq ft
Avg Rent (weekly)
£392
Avg Yield
5.1%

Renovation Potential

Est. Renovation Cost
£47,500 - £118,750
10-25% of property value
Target Value
£507,942
10% above area average per sq ft
Potential ROI
-14.5%
After renovation
Monthly Sales
27
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (CR7)

Area prices are stable by +1.5% over the last 12 months
3 year growth: 1.7%
5 year growth: 18.3%
Investment Disclaimer: Analysis based on CR7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Galpins Road, Thornton Heath CR7
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