Three double bedrooms near South Croydon Station — auction sale, short lease, strong rental potential..
- Three double bedrooms remodelled for rental potential
- Large reception room and separate modern fitted kitchen
- Currently let at £1,250pcm; vacant possession available
- Leasehold with only 48 years remaining — mortgage risk
- Sold by Modern Method of Auction; buyer fees apply
- Non-refundable reservation fee (4.5% min £6,600) on completion
- Medium flood risk and area classed as deprived
- Gas central heating, double glazing, Edwardian building character
A three-double-bedroom first-floor flat in the heart of South Croydon, a short walk from South Croydon Station and local bars and restaurants. The property has been remodelled to provide three double bedrooms, a large reception room and a separate modern kitchen, making it suitable for rental income or sharers. It is currently let on a periodic Assured Shorthold Tenancy at £1,250 pcm; vacant possession can be provided.
This is a leasehold sale by Modern Method of Auction with a 56-day reservation period. A non-refundable reservation fee (4.5% of the purchase price, minimum £6,600) and a buyer information pack fee apply. Buyers should check finance options carefully before bidding — the short lease (48 years remaining) could prevent standard mortgage lending.
Practical details: gas central heating, double glazing, shower room plus separate WC, and circa 792 sq ft internal area. The building is Edwardian with period brickwork and sash windows; the flat offers scope for refurbishment to improve energy performance and rental value but will need lease-extension costs and possible structural/insulation works given the assumed lack of cavity insulation.
This property will suit investors or professional landlords seeking central, let-ready accommodation close to transport links, or buyers able to purchase at auction with cash or specialist mortgage arrangements. Be aware of medium flood risk, average local crime levels, and wider area deprivation — these factors affect long-term resale and rental yields.
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