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Grove Road, Thornton Heath, CR7

South East

£450,000
Listed on 11/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1294 sqft

Description

This mid-terraced home in the sought-after Grove Estate presents an excellent opportunity for renovation and investment. Having been a cherished family residence for over a decade, it now awaits a new owner to unlock its full potential. Conveniently located, this property is ideal for commuters, with Thornton Heath Station just a short walk away and ample bus routes providing easy access to the surrounding areas. Families will appreciate the proximity to various shops, dining options, and highly regarded schools nearby, including Paxton Academy and Harris Academy Merton, both rated 'Outstanding.' The interior of the house includes a bright living room and a kitchen that leads into the dining area, which opens onto the garden. The layout features two spacious double bedrooms and a comfortable single bedroom, alongside a bathroom and separate toilet. With thoughtful renovations, there are opportunities to create an open-plan space by combining the kitchen and dining areas or even convert the loft for additional living space (subject to planning permission). The outdoor area offers further possibilities; whether you envision transforming it into a vibrant vegetable garden or an inviting outdoor entertainment zone, your options are plentiful. Additionally, there is potential for off-street parking as well if planning allows. With its solid structure and strategic location, this property is not only ready for personal touches but also represents a promising investment opportunity in a growing community.

Investment Analysis

(CR7 area)

Below Market Value

This property is priced -19.0% below area average per sq ft

-19.0%
Potential saving
This Property
£348/sq ft
Area Average
£429/sq ft
Avg Rent (weekly)
£347
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£610,781
10% above area average per sq ft
Potential ROI
+19.8%
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

Grove 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
£1,648
Based on a loan of £337,500 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