Why You Should Invest in Croydon?

For the property investor seeking a profitable buy to let opportunities in London, 1 area that warrants consideration has to become Croydon. With buy costs in certain parts of the London borough lower than much of the remaining part of the funding, and with returns averaging a healthy 4.5 percent, plus a host of prime place benefits, it actually is well worth finding what home investment in Croydon has to offer you. 

Croydon forms a part of the Greater London region and is the second-largest London borough with 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 maximum investment amounts for buy to let landlords, the truth is that Croydon sits next to among cheapest places to buy property.

HM Land Registry data demonstrates that the average land price in Croydon is 367,500. But for anyone on the lookout for a lower-cost investment, there is a starting price of approximately £100,000.

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

Yield-wise, investors are looking at 3.9 to 4.8 percent, based on Liveyield, which contrasts nicely to the rest of London. Guaranteed rent for landlords. find out more here.

What brings tenants to reside in Croydon?

Croydon is one of London’s fastest-growing economies at 3.7 percent above average and is reported to have the 2nd fastest growing local economy in the whole of the UK.

Sitting at the northern point of this Gatwick Diamond, Croydon is a thriving business community and major economic hub for the southeast of England offering a substantial selection of employment opportunities.

There are just a few places that boast the rich transport links that Croydon does. Actually, this region is one of those best-connected metropolitan zones, served by four railroad stations and many major road links including the M23, M25, and the A23. Gatwick Airport is just 15 minutes away, and central London only 35 minutes by rail from East Croydon Station.

Amenities and leisure shrewd, the area is teeming with green spaces, retail, arts and leisure facilities, and superior schools. Plus there’s the Croydon Partnership project, a place to inject £1.4 billion into transforming the town into one of the UK’s top ten shopping destinations by 2023.

What type of property is typical in Croydon?

When it comes to investment property for sale in Croydon, there’s quite a varied range on offer.

Central Croydon is usually populated with conventional terraces and a few newly build apartment blocks.

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

Thornton Heath, South Norwood, Broad Green, Selhurst, and Norbury are a Few of the most popular areas.

Over in East Croydon, in areas like Addiscombe, Shirley, and Long Lane Wood, this is where you’ll find plenty of green space, and farther out to Addington the region gets semi-rural, although transportation links certainly don’t suffer courtesy of the London Trams network.

Property forms here are rather a mix, ranging from value to high end. Buy to let investors are wise to decide on locations with good access to East Croydon Station and Norwood Junction Station to better serve commuting renters.

Yields in North and East Croydon deliver an average 4.5 — 4.7 percent yield.

Bordering Surrey, these are a few of the very upmarket locations in Croydon. Property types and prices are represented by this actuality.

Again, accessibility to channels is beneficial, but proximity to the M25 is a significant pull.

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

West Croydon, such as Old Town and Waddon, is a mixed residential and industrial location.

If you’re considering heading down the Croydon property investment path, why not give some idea to safeguarding your buy-to-let with a guaranteed rent scheme?

This is a full property management service, using an extra advantage. Unlike conventional property management assistance, the homes2let guaranteed rent scheme gives you a larger return, whilst at the same time reducing your investment risk by making sure your monthly rental payments have been made on time each month, even though void periods.

Why not talk to Croydon-based homes2let to discover more? Our team has special expertise in the Croydon property investment market and is about to share a wealth of knowledge to help you get the most from your rental income. We welcome you to get connected today. Check out homes2let for leasing agents right here.