Summary - City House, London Road, CR0 CR0 2NS
1 bed 1 bath Studio
Bright modern studio with tenant in situ — auction sale with immediate exchange available.
Tenant in situ — immediate rental income potential
107-year lease remaining — secure medium-term leasehold
Sold at auction via Secure Sale — quick completion required
Service charge ~£2,500pa and ground rent £400pa — ongoing costs
Studio of 379 sqft — compact living, not suitable for families
Modern build (post-2012) with double glazing and community heating
Excellent transport links to West/East Croydon and Central London
Area classified as deprived — may impact long-term capital growth
A compact, modern studio in City House on London Road, offered with a tenant in situ and immediate exchange available via Secure Sale. The open-plan living area is bright with large windows and wood-effect flooring, a separate shower room and a practical storage cupboard add useful functionality rarely found in similar studio layouts. The flat is leasehold (107 years remaining) and will be sold at auction — attractive to investors seeking a buy-to-let with an established rental stream.
Costs are transparent: an annual service charge of about £2,500 and ground rent of £400 apply, and the property forms part of a community heating scheme. These running costs and the studio’s small overall size mean it suits investors, professionals or first-time buyers comfortable with compact living rather than families seeking extensive space. Council Tax Band B keeps local taxation low; broadband and mobile signal are strong and transport links to Central London are excellent.
The surrounding area provides genuine convenience: West and East Croydon stations are within easy reach, extensive retail and leisure amenities are on London Road, and several well-rated schools are nearby. The building is modern (post-2012 construction) with double glazing and assumed insulated system walls, reducing immediate major works risk. Note that the wider area is classed as deprived, which can affect long-term capital growth compared with more affluent suburbs.
This lot suits a buyer seeking a straightforward, low-maintenance investment with immediate rental income potential, or a compact home for a commuter wanting strong transport links. Buyers should account for the ongoing service charge, ground rent and studio size when assessing yield or liveability. The auction route and tenant in place mean a faster transaction but also require buyers to be comfortable completing under auction terms.
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