Melfort Road, Thornton Heath, CR7 - Image 1

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Melfort Road, Thornton Heath, CR7

South East

£220,000

Listed on 20/04/2026

Property Details

Bedrooms

Type

Flat

Area

840 sqft

Description

Conveniently situated near Thornton Heath Station, this two-bedroom flat spans two floors and is characterized by its spacious open-plan living area and generously sized bedrooms. The property presents a promising opportunity for refurbishment, allowing an investor or homeowner to tailor the space to their liking. With both Thornton Heath and Norbury's local amenities easily accessible, this location offers great potential for enhancement, making it ideal for those looking to capitalize on renovation possibilities.

Investment Analysis

(CR7 area)

Below Market Value

This property is priced -38.8% below area average per sq ft

-38.8%

Potential saving

This Property

£262/sq ft

Area Average

£428/sq ft

Avg Rent (weekly)

£390

Avg Yield

5.0%

Renovation Potential

Medium Refurb

Est. Renovation Cost

£10,000 - £20,000

Target Value

£395,102

10% above area average per sq ft

Potential ROI

+64.6%

After renovation

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

Average per month

Market Turnover

Properties sold annually

Local Market Trend (CR7)

Area prices are rising by +7.5% over the last 12 months

3 year growth: +2.5%

5 year growth: +14.3%

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

Melfort Road, Thornton Heath, CR7

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Mortgage Calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments

£779

Based on a loan of £165,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

Buyer type *

I am a UK resident

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Similar Properties

Melfort Road, Thornton Heath, CR7

Property Details

Description

Investment Analysis

Below Market Value

Renovation Potential

Local Market Trend (CR7)

Location

Mortgage Calculator

Stamp Duty Calculator

Next Steps

Get help with this property

Next Steps

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