Summary - PARK HILL COURT 11 ADDISCOMBE ROAD CROYDON CR0 5PG
1 bed 1 bath Flat
Turnkey rental income with straightforward refurbishment potential.
- Tenant in situ producing £15,600 gross annually
- Potential market rent uplift to approx £16,200 per year
- Leasehold tenure; Buyers Premium applies on purchase
- 571 sq ft one-bedroom layout: lounge, kitchen, bathroom
- Built c.1900–1929; solid brick walls, likely no insulation
- Mains gas boiler and radiators; standard ceiling heights
- Excellent mobile signal and fast broadband speeds
- Immediate rental income; refurbishment/efficiency works likely needed
A compact one-bedroom leasehold apartment in Park Hill Court, Addiscombe Road, positioned for buy-to-let investors. The flat is currently let and producing a gross annual income of £15,600, with an assessed market uplift to around £16,200. At about 571 sq ft the layout includes a lounge, kitchen and three-piece bathroom.
The building dates from c.1900–1929 and shows period character externally; walls are solid brick (no installed insulation assumed) so energy upgrades may be needed to meet future standards. Heating is by mains gas boiler and radiators; broadband and mobile signal are strong for tenant appeal.
Practical points for buyers: the property is leasehold and a buyers premium will apply on purchase. A tenant is in situ, so the income is immediate but viewings and vacant possession will follow tenancy terms. This suits a hands-off investor or developer looking to refurbish to market rent.
Nearby amenities, reliable public transport links and a mix of primary and secondary schools add to long-term letting demand in this inner-city Croydon location. Financials look achievable for a portfolio purchase, but budget for potential energy efficiency upgrades and routine refurbishment after inspection.
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