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Thornton Heath CR7

South East

£420,950
Listed on 28/02/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This is a unique opportunity to acquire a freehold property comprising a ground floor commercial space and a self-contained flat above, perfectly situated on London Road in Croydon. The ground floor was previously used as a newsagent and features a sizable retail area with high visibility, complemented by a substantial rear storage room, an additional bathroom, and another room equipped with roller shutters for versatile use. Moving upstairs, the first-floor flat includes two well-proportioned bedrooms, a spacious lounge, and a WC. The property's layout offers considerable potential for renovation and reconfiguration, making it appealing for investors looking to maximize rental income or pursue property appreciation. There is potential for extensions at the back (subject to planning approval), which could further enhance the value of the asset. The location is advantageous with consistent foot traffic from London Road, proximity to Croydon University Hospital, and access to local amenities and public transport.

Investment Analysis

(CR7 area)
Area Average
£426/sq ft
Avg Rent (weekly)
£362
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (CR7)

Area prices are rising by +5.8% over the last 12 months
3 year growth: +1.1%
5 year growth: +16.4%
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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