According to the public record, Flat 5, Palace Court 2, Thornton Heath is a modern apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Palace Court, The Retreat, Thornton Heath, CR7.
The Retreat, Thornton Heath, CR7 is located in the borough of Croydon within the CR7 postal district.
Flat 5, Palace Court 2, Thornton Heath has no records in the Land Registry database and a single entry in the EPC database dated April 2023.
We combine this information with public data 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 Flat 5 Palace Court 2 Thornton Heath as £243,931 and the rental value as £1,257 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 5 Palace Court 2 Thornton Heath has increased by £3,548 (1.5%) and its rental value has increased by £21 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 Flat 5, Palace Court 2, Thornton Heath is in very good condition we estimate a sale value of £256,128 and rental value of £1,320 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £226,856 and a rental value of £1,169 per month.
If you were able to purchase this property for the estimated value of £243,931, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,199 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Palace Court 2, Thornton Heath within a radius of 350 metres over the last 2 years.
The most recent example is Flat 16, Palace Court 2, The Retreat, Thornton Heath, CR7 8LD, a Leasehold flat which sold for £285,000 in May 2018.
Read more about house prices in CR7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Retreat, Thornton Heath, CR7 has a total of 45 addresses. According to our analysis of all the public data, Flat 5, Palace Court 2, Thornton Heath is the 27th largest and the 28th most expensive property on the street.
When compared to the postcode district it is £141k less expensive than the average property in CR7.
Flat 5, Palace Court 2, Thornton Heath has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Apr 2023.
The property is not connected to mains gas and has partial double glazing. It is heated using electric storage heaters.
The closest station to Flat 5, Palace Court 2, Thornton Heath is Thornton Heath station which is 500 metres 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 Flat 5, Palace Court 2, Thornton Heath, 30.4% of property is privately rented and 28.6% is socially 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 Flat 5, Palace Court 2, Thornton Heath, 25.7% of residents are recorded as possessing school level qualifications and 39.3% 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 Flat 5, Palace Court 2, 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 Flat 5, Palace Court 2, Thornton Heath, 0.2% 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 Flat 5, Palace Court 2, 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.