242B, Mersham Road
242B, Mersham Road
Description & Estimates
The public record lists 242B, Mersham Road, Thornton Heath as a leasehold apartment.
Comparison with its neighbours suggests a period apartment with 583 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
242B, Mersham Road, Thornton Heath has an estimated sale value of £222,117 and an estimated rental value of £1,468 per month, assuming reasonable condition and based on the information available.
The apartment sits within 242, Mersham Road, Thornton Heath, CR7.
Mersham Road, Thornton Heath, CR7 lies in the borough of Croydon, within the CR7 postal district.
Our Data Sources
242B, Mersham Road, Thornton Heath has 21 entries in the Land Registry , most recently in August 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate 242B, Mersham Road, Thornton Heath would be worth £233,223, with a potential rental value of £1,542 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £206,569, with a rental value of £1,366 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 242B, Mersham Road, Thornton Heath has declined by £2,520 (1.1%) over the last year. During the same period, its estimated monthly rental value has climbed by £41 (2.8%). The property's estimated gross yield is currently 7.9%.
Sold Prices
242B, Mersham Road, Thornton Heath last changed hands on 24th August 2007, selling for £134,950. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 42.0% since August 2007.
- Sold Aug 2007£134,950
- Sold Feb 2005£93,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 400 metres of 242B, Mersham Road, Thornton Heath across the last 2 years.
Most recently, 10A, Hythe Road, Thornton Heath, CR7 8QP, a leasehold flat, sold at £330,000 on the 17th January 2023.
Read more about house prices in CR7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 242B, Mersham Road, Thornton Heath as the 238th largest and the 241st most expensive of the 260 addresses on Mersham Road, Thornton Heath, CR7.
Against the CR7 postcode district average, it is £159k less expensive than the typical property.
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Schools Nearby
- 600mCypress Primary School
- 600mDavid Livingstone Academy
- 600mBeulah Junior School
- 800mHarris Academy Beulah Hill
- 1.1kmHarris City Academy Crystal Palace
- 1.2kmHarris Academy South Norwood
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Public Transport Nearby
Thornton Heath station is the nearest stop to 242B, Mersham Road, Thornton Heath at 1.1 kilometres away.
- 1.1kmThornton Heath
- 1.4kmNorwood Junction
- 1.6kmSelhurst
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
