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Thornton Heath CR7

South East

£400,000
Listed on 28/02/2026

Property Details

Bedrooms
N/A
Type
Mixed Use

Description

This freehold property presents a compelling investment opportunity, featuring a ground floor retail space and a self-contained flat above. Previously functioning as a newsagent, the ground floor accommodates a spacious retail area with high visibility from busy London Road, plus a large storage room and an additional bathroom at the rear. There's also an expansive room equipped with roller shutters, adaptable for various purposes. The first floor is accessed via internal stairs and comprises two well-proportioned bedrooms along with a lounge area and a WC. The property has notable development potential, including the possibility of extending to the rear (subject to planning permission) or reconfiguring existing spaces for improved rental yields or capital growth. Its prime location on London Road offers high foot traffic, and proximity to Croydon University Hospital enhances its appeal. The surrounding area is rich in local amenities and services, while excellent transport links ensure connectivity throughout the region.

Investment Analysis

(CR7 area)
Area Average
£428/sq ft
Avg Rent (weekly)
£390
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £65,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (CR7)

Area prices are rising by +7.5% over the last 12 months
3 year growth: +2.5%
5 year growth: +14.3%
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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£
£
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,417
Based on a loan of £300,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

Price History

-5.0% since listed
£400,000£20,950(-5.0%)
31/03/2026
Current price
£420,950Initial listing
27/02/2026

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