Croydon Property Investment Guide

For your property investor seeking a profitable buy to let opportunities in London, one place that warrants consideration needs to be Croydon. With buy prices in certain sections of the London borough lower than much of the rest of the capital, and with yields averaging a healthy 4.5 percent, and a host of prime place benefits, it really is well worth discovering what property investment in Croydon has to offer. <–more!–>

Croydon forms part of the Greater London area and is the 2nd largest London borough having a population of about 385,000.

What can investors expect from home costs in Croydon?

Looking at investment land for sale in Croydon, whilst Greater London is proven to control one of the highest investment amounts for buy to let landlords, the fact is that Croydon sits next to among cheapest places to purchase land.

HM Land Registry data demonstrates the average property price in Croydon is 367,500. But for anyone on the lookout for a lesser cost investment, there is a beginning price of approximately £100,000.

Rent-wise, the Croydon Market Rent Summary reveals that landlords could control an average rental rate of 1,240 a month. Family homes of three bedrooms typical £1,679 and 2 bedrooms £1,393. Even a one-bed property can achieve £1,066 per month.

Yield shrewd, investors are looking at 3.9 to 4.8 percent, based on Liveyield, which compares well to the rest of London.

What brings tenants to reside in Croydon?

Croydon is one of London’s fastest-growing markets at 3.7 percent above average and is reported to have the second-fastest-growing local economy in the whole of the United Kingdom. As well as benefiting from considerable investment at the local transportation network and billions of pounds worth of regeneration investment, Croydon has also been awarded London Borough of Culture 2023.

Sitting at the northern tip of this Gatwick Diamond, Croydon is a flourishing business community and major financial hub for the southeast of England offering a significant range of employment opportunities.

There are few areas that boast the wealthy transport links that Croydon does. Actually, this area is one of those best-connected metropolitan zones, served by four railroad stations and many big road links including the M23, M25, and the A23.

Amenities and leisure wise, the area is teeming with green spaces, retail, arts and leisure facilities, and superior schools. The London Borough of Culture award will see £1.35 million in funding supporting a year-long program of events, putting culture at the heart of the community.

Which kind of home is average in Croydon?

When it comes to investment property for sale in Croydon, there’s quite a diverse range available.

Central Croydon is generally populated with traditional terraces and a few new-build apartment blocks.

North Croydon tends to attract those with a requirement or desire to live in London, but who are looking for superior value.

Within East Croydon, in areas such as Addiscombe, Shirley, and Long Lane Wood, this is where you will find lots of green space, and farther out to Addington the area becomes semi-rural, although transportation links surely don’t endure courtesy of the London Trams network. Property forms here are rather a mix, which ranges from value to high end. Buy to let investors are wise to decide on places with good accessibility to East Croydon Station and Norwood Junction Station to be able to better serve cruising tenants.

Yields in North and East Croydon provide an average 4.5 — 4.7 percent return.

South Croydon and its districts of Coulsdon, Selsdon, Sanderstead and Kenley, and the town of Purley, Are Inclined to be semi-rural and very isolated from the traditional London feel. Bordering Surrey, these are a few of the more upmarket places in Croydon. Property types and costs are represented by this actuality. Again, access to channels is beneficial, although proximity to the M25 is a major pull.

Yield wise for South Croydon property investment, you are looking at about a 4 — 4.3 percent return.

West Croydon, including Old Town and Waddon, is a combined residential and industrial location. Property shrewd, very good value traditional terraces and apartments are typical here.

How to optimize your buy-to-let property investment in Croydon?

If you’re thinking about going down the Croydon property investment path, why not give some thought to safeguarding your buy-to-let using a guaranteed rent scheme? Looking for Guaranteed rent for Croydon landlords? Check this out.

This is a complete property management service, using an extra advantage. Unlike conventional property management assistance, the homes2let guaranteed rent scheme nets you a greater yield, whilst at the same time reducing your investment risk by ensuring your monthly rental payments have been made on time every month, even though void periods.

Why don’t you speak to Croydon-based homes2let to discover more? Our helpful team has particular experience in the Croydon property investment marketplace and is ready to share a wealth of knowledge to help you get the most from your rental income. We welcome you to get in touch today. How to maximize your rental income? Learn more from the leasing agents with homes2let.