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Parchmore Road, Thornton Heath, CR7 - Image 1
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Parchmore Road, Thornton Heath, CR7

South East

£375,000
Listed on 11/10/2023

Property Details

Bedrooms
2
Type
Terraced House
Area
699 sqft

Description

This spacious property has been in the same ownership for several decades and presents a promising opportunity for internal refurbishment. With the appropriate permissions, you could extend the home to enhance its living and entertaining spaces, all while benefiting from a generous rear garden. Located on Parchmore Road, the house offers convenient access to Thornton Heath train station, which provides direct links to London Victoria, as well as several bus routes connecting to Brixton and Croydon's bustling shopping district. Internally, the layout includes a small entrance porch leading into a through lounge and a sizable galley kitchen. The first floor features two well-sized double bedrooms along with a bathroom. Potential buyers are encouraged to arrange viewings to fully appreciate what this property has to offer.

Investment Analysis

(CR7 area)

Above Market Value

This property is priced +25.7% above area average per sq ft

+25.7%
This Property
£536/sq ft
Area Average
£427/sq ft
Avg Rent (weekly)
£381
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£328,167
10% above area average per sq ft
Potential ROI
-19.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (CR7)

Area prices are rising by +6.6% over the last 12 months
3 year growth: +0.3%
5 year growth: +15.5%
Investment Disclaimer: Analysis based on CR7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Parchmore Road, Thornton Heath, CR7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,352
Based on a loan of £281,250 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Price History

-2.6% since listed
£375,000£10,000(-2.6%)
13/10/2023
Current price
£385,000Initial listing
11/10/2023

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