Are you ready to invest and searching for lucrative investment areas in the UK? Look no further than the Croydon property market.
Also familiar as the concrete jungle for many years, but that is quickly evolving. It has become a lively shopping, arts and business hub situated approximately 10 miles from central London. There is an environmentally friendly tram system and direct rail links to the South Coast and London. Property here is particularly sought after by commuters looking for a residence just outside of the capital.
There are a huge number of restaurants, cafes, and pubs in the area. At the heart of the town centre are the famous Fairfield Halls and Whitgift & Centrale Shopping Centres. Surrey Street market is a vibrant culturally diverse experience.
It has managed to reinvent itself as a new, ambitious, and vibrant area. The only thing that has not changed is that it is one of the cheapest parts of London for property investors. It has an excellent value for money ratio.
Croydon property value
Part of the Greater London area includes Croydon. This entire area is one of the most expensive parts of the UK for prospective buyers investing in London.
According to statistics, Croydon is the borough with the third-lowest property sale value. Property investors can find profitable property investment opportunities in Croydon, compared to much of London. It has been labelled among the best areas to buy in for future growth.
Central Croydon investors will find newly built apartment blocks, as well as some traditional terraces on the fringes of the town centre that could profit great long term rental yields.
North Croydon areas include Broad Green, Thornton Heath, Selhurst, Norbury, Norwood New Town and South Norwood. Towards the north of Croydon, are areas such as Upper Norwood and West Norwood. They run into other London boroughs like Lambeth, Southwark, and Bromley.
Buy and sell in the area is hastening due to the property prices. Buying a property in Croydon is a clever investment strategy when building a property portfolio.
Property investment and rental property in Croydon
A big advantage of living in Croydon is its local amenities. It also boasts fast access into central London and almost anywhere around it using East Croydon station. This makes it popular as a buy-to-let housing market as well as student rental property.
North Croydon is densely populated, energetic and feels much like part of London. There is good access to stations and there is also a hospital on this side of town. It is a popular area to include in your property portfolio. Buyers and tenants who want or need to live in London but cannot afford central London prices, favour this area.
The main service-driven economic reputation with digital and tech hub status, it is an opportunity area under the London Plan. Designated as a Growth Zone, the local authority has a strategy aimed at attracting new business and investment to the town.
In conclusion, Croydon ticks all the boxes when it comes to good property investment:
In the right location
At the right price
In a period of growth in the area
87 Properties Services is a London estate agent, providing a one-stop-shop when it comes to property management.
Reasons to sign with us.
Large investor property portfolio
One of the UK's fastest-growing property investment companies
Established property investment company based in Manchester Global and a national database of investors.
Extensive portfolio of developments within major cities across the UK
Experts in all UK property investment markets including Buy-to-let and Student Property.
We provide a tailored, reliable investment service to our clients.
An excellent sales progression team supporting you throughout the whole process.