Sold STC Flat

59 GILLETT ROAD

THORNTON HEATH, GREATER LONDON CR7 8RL

1 beds 51 m² Listed 23 Mar 2026 (-174d)

£135,000

Guide Price

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Listing type

Auction
Property photo

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Property details

Listing category

Auction

Tenure

LEASEHOLD (45 years remaining on lease)

Floor area

51 m²

EPC rating

C

Last sold

£145,000 May 2026

Price per m²

£2,647/m²

Local average

£254,674 (-47%)

Deprivation

Decile 1 (2,210 of 33,755)

Street crime

790 incidents within 1 mile (Jul 2026)

Additional details

Flooded in last 5 years
No
Flood defences
No

Description

Sold for £145,000 Guide Price = £135,000+

For Sale By Public Auction 22nd April 2026 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack

A Ground Floor One Bedroom Flat

Tenure
Leasehold. The property is held on a 99 year lease from 25th March 1973 (thus approximately 46 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Selhurst Park are within easy reach. Transport links are provided by Thornton Heath rail station.

Description
The property comprises a ground floor one bedroom flat situated within an end of terrace building arranged over ground and first floors.

Accommodation
Ground Floor
Reception Room
Kitchen
Bedroom
Bathroom

Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.

****EPC Rating
D

Open House Viewings:
Viewing Schedule (No Booking Required)

Thursday 9 April 11:30 - 12:00
Saturday 11 April 11:00 - 11:30
Monday 13 April 11:30 - 12:00
Wednesday 15 April 11:30 - 12:00
Friday 17 April 11:30 - 12:00
Tuesday 21 April 11:30 - 12:00


Addendum
Please note that this property is subject to a Buyers Premium of £1,560 inc VAT. This is in addition to the buyer's admin fee of £1,800 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.

Listed by

Hampstead

Auction House London

Reference: 173569763

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: C

Inspection date: 21/05/2026

Expiry date: 20/05/2036

Current heating cost: £611/year

Potential heating cost: £391/year

Est. upgrade cost to C: £16,750

Recommendations

  • 50 mm internal or external wall insulation (£7,500 - £11,000)
  • Floor insulation (suspended floor) (£5,000 - £10,000)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Registered land (INSPIRE)

This location falls inside an HM Land Registry INSPIRE registered freehold polygon.

Building plot (shared): ~143 m² (0.04 acres) (area is for the building, not the flat)

Source: HM Land Registry INSPIRE Index Polygons.

Floorplans

Floorplan 1

Floorplan 1

EPC Graphs

EPC 1

EPC 1

Price history

-15% since 2007

Event Date Price % change
Sold 07/05/2026 (4 months ago) £145,000 -14.7%
Sold 28/02/2007 (19 years ago) £170,000 —

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
5 GILLETT ROAD, THORNTON HEATH, CROYDON, GREATER LONDON, CR7 8RL £240,000 14/07/2023 Flat
27 PRIDHAM ROAD, THORNTON HEATH, CROYDON, GREATER LONDON, CR7 8RS £179,500 06/06/2023 Flat
11 GILLETT ROAD, THORNTON HEATH, CROYDON, GREATER LONDON, CR7 8RL £280,000 31/01/2023 Flat
29 GILLETT ROAD, THORNTON HEATH, CROYDON, GREATER LONDON, CR7 8RL £255,000 15/06/2022 Flat
60A HIGH STREET, THORNTON HEATH, CROYDON, GREATER LONDON, CR7 8LF £237,000 04/05/2022 Flat
50 FIRST FLOOR FLAT PRIDHAM ROAD, THORNTON HEATH, CROYDON, GREATER LONDON, CR7 8RS £275,000 30/03/2022 Flat
THE MEWS, 64A FLAT 5 HIGH STREET, THORNTON HEATH, CROYDON, GREATER LONDON, CR7 8LF £187,000 17/11/2021 Flat
67 GILLETT ROAD, THORNTON HEATH, CROYDON, GREATER LONDON, CR7 8RL £192,000 27/09/2021 Flat

Area average: £230,688 (8 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 5.9%
10y growth 24.1%

House Price Index (HM Land Registry — official index, not sold-price averages): Croydon. Series: Flats and maisonettes. As of June 2026.

1y (index) -3.4%
5y (index) -7.2%
10y (index) -0.8%

Rental Range

Estimated market rent for Croydon. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,423/mo
Realistic £1,581/mo
Optimistic £1,739/mo

Based on Local Authority from postcode lookup → Croydon.

LHA (30th percentile) floor for Peterborough: £573/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View CR7 8RL

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Shop Cornfield Bakera 0.1 miles
Bus stop Thornton Heath Clock Tower 0.1 miles
Shop SS Halal Butchers 0.1 miles
Train station Thornton Heath 0.2 miles
Train station Selhurst 0.5 miles
Hospital Gynaecology Department 0.8 miles
Hospital Fertility Treatment 0.8 miles
University Horton Halls Reception 4.4 miles
University University of Wales Trinity Saint David London Campus 5.7 miles

Street-level crime

Category Count
Violence and sexual offences 274
Anti-social behaviour 181
Other theft 54
Vehicle crime 54
Public order 48
Shoplifting 42
Drugs 38
Burglary 34
Robbery 25
Other crime 12
Theft from the person 12
Possession of weapons 10
Bicycle theft 6
Total incidents 790

Within 1 mile during Jul 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Thornton Heath Nursery School Nursery 0.1 miles Good — 27 Nov 2023
Whitehorse Manor Infant School Primary 0.2 miles Good — 2 May 2024
Whitehorse Manor Junior School Primary 0.2 miles Good — 10 Sep 2012
Bensham Manor School Other 0.3 miles Outstanding — 3 Jul 2024
Beulah Infants' School Primary 0.4 miles Good — 12 Sep 2017

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
Studio Flat, Gillett Road, CR7 £1,100/mo 1 0.07 miles OpenRent

Average rent: £1,100/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

This street 5.9% gross yield avg £222,400 sale, £1,100/mo rent
Rent ratio 0.81%
Max investor price (0.8%) £137,500
Target investor price (1%) £110,000
Gross yield 9.8%
Cost-to-rent ratio 10.2×
Monthly cashflow £433/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 13.3%
  • This street — Gross yield for this street only (Land Registry sales + rental comparables, same postcode + street).
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).