# 1 bedroom flat for sale (CR7 8RL) ## Property Details | Key | Value | |-----|-------| | Address | 59 GILLETT ROAD, THORNTON HEATH, GREATER LONDON CR7 8RL | | Price | £135,000 | | Bedrooms | 1 | | Last sold | £145,000 May 2026 | ## EPC Rating & Upgrade Cost - **Current rating:** C - **Potential rating:** C - **Expiry date:** 20/05/2036 - **Current heating cost:** £611/year - **Est. upgrade cost to C:** £16,750 ### Recommendations - Q (£7,500 - £11,000) - W1 (£5,000 - £10,000) [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/3836-8825-8600-0389-2226) ## 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. ## Property Photos - ![Photo](/listings/photos/173569763/2046970) - ![Photo](/listings/photos/173569763/2046971) - ![Photo](/listings/photos/173569763/2046972) - ![Photo](/listings/photos/173569763/2046973) - ![Photo](/listings/photos/173569763/2046974) - ![Photo](/listings/photos/173569763/2046975) - ![Photo](/listings/photos/173569763/2046976) - ![Photo](/listings/photos/173569763/2046977) - ![Photo](/listings/photos/173569763/2046978) - ![Photo](/listings/photos/173569763/2046979) - ![Photo](/listings/photos/173569763/2046980) - ![Photo](/listings/photos/173569763/2046981) - ![Photo](/listings/photos/173569763/2046982) - ![Photo](/listings/photos/173569763/2046983) - ![Photo](/listings/photos/173569763/2046984) ## Floorplans - ![Floorplan 1](/listings/photos/173569763/2046985) - Floorplan 1 ## EPC Graphs - ![EPC 1](/listings/photos/173569763/2046986) - EPC 1 ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 59 GILLETT ROAD, THORNTON HEATH, CROYDON, GREATER LONDON, CR7 8RL | £145,000 | 07/05/2026 | Flat | | 59 GILLETT ROAD, THORNTON HEATH, CROYDON, GREATER LONDON, CR7 8RL | £170,000 | 28/02/2007 | Flat | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | 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) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £254,674 (23 Flat, CR7, 2024–2026) - **Deviation:** -47% ## Rental Range *ONS Price Index of Private Rents (Croydon). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,423/mo - **Realistic:** £1,581/mo - **Optimistic:** £1,739/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Peterborough (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £573/mo ## 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)** ## 1% Rule - **Rent ratio:** 0.81% (okay) - **Max investor price (0.8%):** £137,500 - **Target investor price (1%):** £110,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £1,100/mo).* - **Gross yield:** 9.8% - **Cost-to-rent:** 10.2× - **Monthly cashflow:** £433/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 13.3% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − 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).* ## Price per Square Metre - **£/m²:** £2,647/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 5.9% - **10y growth:** 24.1% ## House Price Index (HM Land Registry) *Official index for Croydon; Flats and maisonettes series; as of June 2026.* - **1y growth (index):** -3.4% - **5y growth (index):** -7.2% - **10y growth (index):** -0.8% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)