2-bedroom flat · CR7 7RU
For saleReduced £25k (−8.3%) on 12 OctListed 189 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented two-bedroom first floor conversion apartment, ideally situated on the sought-after Melfort Road in Fortis Heath.
Offered with a share of freehold, this charming property combines period features with modern living and presents an excellent opportunity for both homeowners and investors alike.
The accommodation features high ceilings throughout, creating a bright and airy feel, and comprises a spacious separate reception room, a modern fitted kitchen, two well-proportioned bedrooms, and a contemporary bathroom finished to a good standard.
The property further benefits from access to a loft space, offering exciting potential for extension (subject to the usual planning consents), as well as a private garden and off-street parking.
Conveniently located for local bus routes and within easy reach of Norbury and Streatham Common stations, the property is well positioned for transport links into Central London.
A variety of green open spaces are also close by, ideal for outdoor leisure.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Top Floor, 147, Melfort Road, Thornton Heath
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