According to the public record, 122, Mersham Road, Thornton Heath is a period leasehold apartment with 796 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Mersham Road, Thornton Heath, CR7 is located in the borough of Croydon within the CR7 postal district.
122, Mersham Road, Thornton Heath has a single entry in the Land Registry database from September 2021 and a single entry in the EPC database dated June 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 122 Mersham Road Thornton Heath as £318,202 and the rental value as £1,662 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 122 Mersham Road Thornton Heath has increased by £5,831 (1.8%) and its rental value has increased by £37 per month (2.2%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 122, Mersham Road, Thornton Heath is in very good condition we estimate a sale value of £334,112 and rental value of £1,745 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £295,928 and a rental value of £1,546 per month.
If you were able to purchase this property for the estimated value of £318,202, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,564 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 122, Mersham Road, Thornton Heath was last sold on 24 Sep 2021 for £301,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2021, the market for similar properties has risen 1.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 122, Mersham Road, Thornton Heath within a radius of 380 metres over the last 2 years.
The most recent example is 39A, Hythe Road, Thornton Heath, CR7 8QQ, a Leasehold flat which sold for £350,000 in Jun 2024.
Read more about house prices in CR7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mersham Road, Thornton Heath, CR7 has a total of 260 addresses. According to our analysis of all the public data, 122, Mersham Road, Thornton Heath is the 127th largest and the 138th most expensive property on the street.
When compared to the postcode district it is £67k less expensive than the average property in CR7.
122, Mersham Road, Thornton Heath has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Jun 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 122, Mersham Road, Thornton Heath is Thornton Heath station which is 1.0 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 122, Mersham Road, Thornton Heath, 38.5% of property is privately owned with a mortgage and 33.1% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 122, Mersham Road, Thornton Heath, 27.5% of residents are recorded as possessing school level qualifications and 42.9% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 122, Mersham Road, Thornton Heath, the average age was 37.6 and the most common age was 52.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 122, Mersham Road, Thornton Heath, 0.0% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 122, Mersham Road, Thornton Heath, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.