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Parchmore Road, Thornton Heath

South East

£450,000
Listed on 08/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
1453 sqft

Description

Situated on the desirable Parchmore Road in CR7, this expansive Victorian mid-terrace house offers a remarkable opportunity for renovation and investment. Spanning over 1,460 sq ft, this property is larger than many of its neighboring homes and features three spacious double bedrooms that showcase the high ceilings and generous proportions typical of the Victorian era.<br><br>On the ground floor, you will find two formal reception rooms at the front, perfect for both relaxation and entertaining. Additionally, there is a rear reception room that could serve multiple purposes such as a dining area or home office. The kitchen is designed to accommodate family life, with an adjoining utility room that simplifies laundry tasks and storage.<br><br>The presence of two bathrooms adds convenience, making it suitable for families or those who frequently host guests. While the property currently requires updating—allowing you to infuse your personal style into every corner—it remains habitable, enabling immediate occupancy while planning renovations.<br><br>Outside, free on-street parking is available, with potential to create a private driveway (pending appropriate permissions), which could increase future value. The location is exceptionally convenient: just a 5-minute walk from the nearest train station for easy commutes into central London and surrounded by local shops and amenities. A bus stop right outside provides further transport options. Grangewood Park nearby invites leisurely weekend strolls, appealing to families and nature lovers alike.<br><br>This character-filled home combines space with excellent potential for customization in a vibrant neighborhood. Viewing is highly recommended to truly appreciate all it has to offer.

Investment Analysis

(CR7 area)

Below Market Value

This property is priced -27.5% below area average per sq ft

-27.5%
Potential saving
This Property
£310/sq ft
Area Average
£427/sq ft
Avg Rent (weekly)
£349
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£682,474
10% above area average per sq ft
Potential ROI
+36.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (CR7)

Area prices are rising by +5.5% over the last 12 months
3 year growth: 1.4%
5 year growth: 17.1%
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
£1,648
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