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Thornton Heath CR7

South East

£420,950
Listed on 16/05/2025

Property Details

Bedrooms
N/A
Type
Mixed Use

Description

This unique freehold property presents an enticing prospect for investors, featuring a ground floor retail space alongside a self-contained first-floor apartment. Previously utilized as a newsagent, the ground floor boasts a prominent retail unit with generous visibility on bustling London Road, complemented by a spacious rear storage room and an additional bathroom. There is also a sizeable room equipped with roller shutters that offers versatile usage options. The first floor, accessible via internal stairs, consists of two well-proportioned bedrooms and a comfortable lounge area, along with a separate WC. This layout provides a solid foundation for potential reconfiguration to optimize rental income or enhance living space. Significant redevelopment opportunities exist here; with the possibility of extending the property either single or double-storey at the rear (subject to planning permission). The strategic location on London Road ensures high foot traffic, further amplifying investment potential. With Croydon University Hospital nearby and surrounded by various local shops and amenities, this property is perfectly positioned for growth in an active community enriched with excellent transport links.

Investment Analysis

(CR7 area)
Area Average
£427/sq ft
Avg Rent (weekly)
£381
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £75,000
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

Thornton Heath CR7
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Mortgage Calculator

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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,518
Based on a loan of £315,712 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.

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