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Elliott Road, Thornton Heath, CR7

South East

£325,000
Listed on 11/10/2025

Property Details

Bedrooms
3
Type
Flat
Area
882 sqft

Description

Situated on a peaceful residential street in Thornton Heath, this spacious three-bedroom split-level flat offers a remarkable chance for those interested in renovation or investment. With no onward chain and a share of the freehold, it’s an attractive option for first-time buyers and seasoned investors alike who are looking to add value through personal touches. The property spans two levels, presenting a flexible layout that includes three generously sized bedrooms alongside a large living room, a separate kitchen, and a family bathroom. The split-level configuration contributes to an expansive atmosphere, reminiscent of living in a house while maintaining the convenience of flat living. While the interior requires modernization, this presents an exciting opportunity to transform the space into a home tailored to your style. The blank canvas allows for creative renovations that could significantly increase the property’s market value. Additional features include gas central heating, double-glazing for energy efficiency, and ample storage solutions throughout the flat. Conveniently located within close proximity to Thornton Heath station, residents benefit from easy access to local shops, schools, and various amenities. The area boasts excellent transportation links into Central London and surrounding neighborhoods, enhancing its appeal as both a residence and investment prospect. This flat stands out by offering not just space and comfort but also significant potential for those willing to invest time and effort into refurbishing it. Whether you envision it as your first home or as a strategic addition to your investment portfolio, this property invites you to explore its possibilities.

Investment Analysis

(CR7 area)

Below Market Value

This property is priced -14.1% below area average per sq ft

-14.1%
Potential saving
This Property
£368/sq ft
Area Average
£429/sq ft
Avg Rent (weekly)
£347
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£416,313
10% above area average per sq ft
Potential ROI
+11.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Elliott Road, Thornton Heath, CR7
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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
£1,191
Based on a loan of £243,750 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