Summary - 238A WHITEHORSE ROAD, CROYDON CR0 2LB
2 bed 1 bath Flat
Two-bedroom first-floor rental with strong yield near the rail station, sold via auction..
Two-bedroom first-floor flat with existing assured shorthold tenancy
A two-bedroom first-floor flat offered with an existing assured shorthold tenancy producing £19,200 per annum, presented for sale by public auction with a guide price of £105,000+. The property sits in a converted mid-terrace in the Selhurst area, about 0.4 miles from Selhurst rail station and close to local shops and Whitehorse Road Recreation Ground.
This is a straightforward income-led purchase for a buyer who understands short-lease investment stock. The apartment includes a reception room, kitchen/dining room and a bathroom fitted with two WCs and a wash hand basin. Broadband is reported fast and mobile signal excellent, which supports rental demand.
Important drawbacks are clear and material: the lease has approximately 55 years remaining, which will make mortgage finance difficult or impossible for many buyers, and the property will be sold at auction — purchasers must complete with the legal pack reviewed. The wider area records higher crime and is marked as deprived, factors that can affect tenant demand and resale values.
This lot suits a cash buyer or an experienced investor able to manage short-lease remediation (lease extension or enfranchisement), auction purchase risks, and local letting considerations. Legal documents should be studied carefully before bidding.
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