According to the public record, 156, Mersham Road, Thornton Heath is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 700 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Mersham Road, Thornton Heath, CR7 is located in the borough of Croydon within the CR7 postal district.
156, Mersham Road, Thornton Heath has 21 entries in the Land Registry database, most recently in October 2011 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.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 156 Mersham Road Thornton Heath as £293,630 and the rental value as £1,527 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 156 Mersham Road Thornton Heath has increased by £3,724 (1.3%) and its rental value has increased by £25 per month (1.6%).
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 156, Mersham Road, Thornton Heath is in very good condition we estimate a sale value of £308,311 and rental value of £1,603 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £273,075 and a rental value of £1,420 per month.
If you were able to purchase this property for the estimated value of £293,630, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,443 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, 156, Mersham Road, Thornton Heath was last sold on 04 Oct 2011 for £185,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2011, the market for similar properties has risen 87.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 156, Mersham Road, Thornton Heath within a radius of 390 metres over the last 2 years.
The most recent example is 150, Mersham Road, Thornton Heath, CR7 8NQ, a Leasehold flat which sold for £340,000 in Mar 2023.
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, 156, Mersham Road, Thornton Heath is the 189th largest and the 190th most expensive property on the street.
When compared to the postcode district it is £91k less expensive than the average property in CR7.
The closest station to 156, 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 156, 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 156, 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 156, 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 156, 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 156, 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.