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See how verdicts workStudio flat · CR7 8AH
For saleReduced £10k (−6.3%) on 14 SepListed 200 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** Vendor's comments: Living in this studio was an absolute dream, and it has been a total pleasure to own.
Tucked away on the top floor of a large, characterful townhouse, the flat feels like a private sanctuary.
Because it is nestled in the eaves, you never have anyone walking above you, and the way the heat rises from the building below means I almost never had to turn the heating on.
It is incredibly quiet and well-insulated; during the five years I lived there, I never heard the neighbours once. The avenue feels quiet and filled with families.
The space itself is bright and open-plan, with skylights that fill the room with natural light.
Unlike many studios, the kitchen and bathroom are genuinely spacious, and the flexible layout is easy to arrange to your taste.
It is perfectly set up for modern life with fast internet, a video intercom, and secure off-street parking on a quiet avenue.
The location is excellent for commuters, as you are a short walk from a large supermarket and Thornton Heath Station, which gets you into Victoria or London Bridge in about 25 to 30 minutes.
While I lived there happily for five years, it has since been a very successful rental property.
I have never had any issues finding or keeping reliable tenants, which speaks to how comfortable and practical the flat is.
For peace of mind regarding the paperwork, the lease has approximately 107 years remaining on the original 125-year term from 2008.
Finally, the managing agents have recently completed extensive and expensive renovations to the building.
This recent investment means the property is in great shape and shouldn't require any major works for a long time to come.*** vendor's comments Set within an impressive detached and well maintained period building, this beautifully presented and generously proportioned Victorian studio conversion offers a perfect blend of character and modern convenience.
The bright and airy studio room provides a versatile living space, thoughtfully arranged to accommodate distinct areas for sleeping, relaxing, and dining.
Large windows invite an abundance of natural light, enhancing the sense of space and comfort throughout.
The property also benefits from a well-appointed kitchen and a separate bathroom, both maintained to a high standard.
Further advantages include a long lease, access to a delightful communal garden, and a highly convenient location within easy reach of local shops and the High Street.
Offered to the market with no onward chain, this charming home represents an excellent opportunity for first-time buyers, investors, or those seeking a stylish pied-à-terre.
EPC Rating: D Studio Dimensions: 18' 8" x 20' 1" (5.69m x 6.12m). Bathroom Dimensions: 6' 8" x 10' 7" (2.03m x 3.23m).
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About Flat 7, 5 Norbury Avenue, Thornton Heath
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