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Parchmore Road, Thornton Heath

South East

£400,000
Listed on 11/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
861 sqft

Description

This two-bedroom terraced house presents a valuable opportunity for anyone looking to invest in a property with significant renovation potential. Located conveniently near Thornton Heath, Crystal Palace, Norbury, and Streatham Common, the home is ideally positioned for both accessibility and community amenities. Upon entering the property, you will find a spacious living room characterized by large bay windows that invite plenty of natural light. This area seamlessly transitions into a dining space and an open-plan kitchen. While the current kitchen layout features modern elements such as skylights and integrated appliances, there remains ample scope for further customization or enhancements to suit your vision. The outdoor space consists of a manageable garden that serves as an ideal setting for relaxation or entertaining guests. With some landscaping and design updates, this area could become an inviting extension of your living space. Upstairs offers two generously sized double bedrooms that provide options for personalized decor and functionality. The bathroom is designed with modern touches and benefits from abundant natural light. Additionally, the hallway leads to a sizeable loft area that holds great potential for conversion into additional living space—subject to planning permission—making it an exciting prospect for growth in both comfort and value. This property not only allows you to move in and enjoy but also provides a canvas for future enhancements, making it an attractive proposition for first-time buyers or seasoned investors alike.

Investment Analysis

(CR7 area)

Above Market Value

This property is priced +8.3% above area average per sq ft

+8.3%
This Property
£465/sq ft
Area Average
£429/sq ft
Avg Rent (weekly)
£347
Avg Yield
4.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£406,401
10% above area average per sq ft
Potential ROI
-3.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (CR7)

Area prices are rising by +4.1% over the last 12 months
3 year growth: 0.8%
5 year growth: 16.8%
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
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,465
Based on a loan of £300,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE