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Mersham Road, Thornton Heath

South East

£200,000
Listed on 20/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
861 sqft

Description

This three-bedroom maisonette offers a remarkable opportunity for those looking to invest in a property with significant renovation potential. Nestled near Grange Wood Park and conveniently close to Thornton Heath Train Station, the location provides both ample living space and excellent transport links. The home is currently in need of modernization, making it an ideal candidate for refurbishment tailored to individual tastes and specifications. Investors will find strong value-add opportunities in this well-connected area, which is highly sought after by buyers. The property is being sold chain-free, facilitating a quicker and more efficient purchase process. With 57 years remaining on the lease, this maisonette is particularly attractive to cash buyers or those familiar with navigating lease extensions, offering further potential to enhance its long-term value.

Investment Analysis

(CR7 area)

Below Market Value

This property is priced -45.4% below area average per sq ft

-45.4%
Potential saving
This Property
£232/sq ft
Area Average
£426/sq ft
Avg Rent (weekly)
£362
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£403,038
10% above area average per sq ft
Potential ROI
+67.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (CR7)

Area prices are rising by +5.8% over the last 12 months
3 year growth: +1.1%
5 year growth: +16.4%
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

Mersham Road, Thornton Heath
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£721
Based on a loan of £150,000 over 30 years at 4.06% 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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