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Alma Place, Thornton Heath, CR7

South East

£375,000
Listed on 29/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
898 sqft

Description

This mid-terrace property presents a promising opportunity for those looking to invest or renovate. With three bedrooms and ample living space, the home offers a solid foundation for customization and modernization. While some updating is needed, the layout features two reception rooms that provide flexibility for family living, alongside a separate kitchen that includes fitted wall and base units. The adjoining conservatory opens up to a low-maintenance rear garden, ideal for creating a private outdoor space. The accommodation flows from an entrance hall into the reception area, leading through to the second reception and onto the kitchen. A bathroom with a bath suite and WC completes the ground floor layout. Upstairs, three well-proportioned bedrooms offer potential for reconfiguration or enhancement. Located conveniently between Thornton Heath and Norbury stations, this property is well-connected to Central London, making it attractive for commuters. Additionally, nearby bus routes facilitate easy access to surrounding areas. Local shops, amenities, and reputable schools are within walking distance, while Croydon’s broader selection of retail options and leisure facilities is easily reachable. Given its location and inherent renovation potential, this property is well-suited for both first-time buyers looking to make their mark or seasoned investors seeking a reliable addition to their portfolio. With thoughtful updates, this home could easily transform into a modern dwelling in an excellent location.

Investment Analysis

(CR7 area)

Below Market Value

This property is priced -2.7% below area average per sq ft

-2.7%
Potential saving
This Property
£418/sq ft
Area Average
£429/sq ft
Avg Rent (weekly)
£347
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£423,865
10% above area average per sq ft
Potential ROI
+2.1%
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

Alma Place, 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
£1,374
Based on a loan of £281,250 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