Flat 1, 88
Flat 1, 88
Description & Estimates
Flat 1, 88, Melfort Road, Thornton Heath is recorded publicly as a period leasehold apartment across 785 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of Flat 1, 88, Melfort Road, Thornton Heath is £288,057 and its rental estimate is £1,768 per month, given the available information and assuming reasonable condition.
88, Melfort Road is a residential building on Melfort Road, Thornton Heath, CR7 and falls within the CR7 postal district and the borough of Croydon.
Our Data Sources
Flat 1, 88, Melfort Road, Thornton Heath has 5 entries in the Land Registry , most recently in August 2019 and a single entry in the EPC database dated April 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 1, 88, Melfort Road, Thornton Heath, we estimate a market value of £302,460 and a rental value of £1,856 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £267,893 and £1,644 per month respectively.
Recent Market Change
Over the last year, Flat 1, 88, Melfort Road, Thornton Heath has seen its estimated sale value decline by £4,837 (1.7%) and its estimated rental value climb by £43 per month (2.4%). This results in an estimated gross rental yield of 7.4%.
Energy Efficiency
Flat 1, 88, Melfort Road, Thornton Heath has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Apr 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 1, 88, Melfort Road, Thornton Heath completed on 2nd August 2019 at £310,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 5 times.
Values of comparable properties have dropped by 0.5% over the period since August 2019.
- Sold Aug 2019£310,000
- Sold Jan 2016£221,000
- Sold Sep 2015£225,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 1, 88, Melfort Road, Thornton Heath have sold within a radius of 370 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 28th August 2024, was 28A, Beulah Road, Thornton Heath, CR7 8JE, a leasehold flat which sold for £300,000.
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
Of the 404 addresses on Melfort Road, Thornton Heath, CR7, Flat 1, 88, Melfort Road, Thornton Heath comes out as the 209th largest and the 228th most expensive in our analysis of the public data.
It is also £93k less expensive than the average property across the CR7 district.
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Schools Nearby
- 500mBeulah Infants' School
- 500mBeulah Junior School
- 600mSt James the Great RC Primary and Nursery School
- 1.4kmNorbury High School for Girls
- 1.6kmHarris Academy Beulah Hill
- 2.0kmHarris Academy South Norwood
More reading links
Public Transport Nearby
From Flat 1, 88, Melfort Road, Thornton Heath, the nearest station is Thornton Heath, 300 metres away.
- 300mThornton Heath
- 1.5kmSelhurst
- 1.7kmNorbury
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
