Summary - 238 WHITEHORSE ROAD CROYDON CR0 2LB
3 bed 1 bath Flat
Income-producing ground-floor flat with garden and refurbishment potential.
- Three-bedroom ground-floor garden flat in converted Victorian terrace
- Let on assured shorthold tenancy producing £27,600 per annum
- Guide price £245,000; sale by public auction (30 September)
- Only c.55 years remaining on the lease — lenders likely to refuse
- High local crime and deprived area may affect resale prospects
- Close to Selhurst rail station (approx 0.4 miles) and local amenities
- Garden and rear outbuilding; conversion/maintenance potential
- Possible roof issues and limited internal space; inspect structurally
Set on the ground floor of a Victorian terraced conversion, this three-bedroom flat is currently let on an assured shorthold tenancy producing £27,600 per year. It includes a reception room, kitchen/dining room, bathroom, front and rear gardens and an outbuilding — features that support rental demand and give straightforward letting appeal.
The property is being sold by public auction with a guide price of £245,000. It sits close to Selhurst rail station (about 0.4 miles) and local amenities, making it convenient for tenants and attractive for a hands-off income purchase. The building shows typical Victorian character but also signs of limited internal space and potential roof issues noted in the description — both factors to inspect before bidding.
A material concern is the short lease: approximately 55 years remain. Mortgage lenders will likely refuse to lend on this title, and any buyer planning to remortgage or sell to a mortgage-dependent purchaser should budget for a lease extension or prepare for a cash purchase. The area has high recorded crime levels and is classified as deprived, which can affect long-term capital growth and tenant mix.
For an investor comfortable with auction purchases and lease matters, this lot offers immediate income at a low entry price and scope for value-add through refurbishment or lease negotiation. Buyers should review the legal pack closely and obtain specialist advice on lease extension costs and structural condition prior to bidding.
2 bedroom flat for sale in 238a Whitehorse Road, Croydon, CR0 2LB, CR0 — £105,000 • 2 bed • 1 bath
2 bedroom flat for sale in 238b Whitehorse Road, Croydon, CR0 2LB, CR0 — £150,000 • 2 bed • 1 bath
2 bedroom flat for sale in 157 Moffat Road, Thornton Heath, Surrey, CR7 8PZ, CR7 — £110,000 • 2 bed • 1 bath • 446 ft²
2 bedroom flat for sale in Selhurst Place, LONDON, London, SE25 — £200,000 • 2 bed • 1 bath • 564 ft²
1 bedroom flat for sale in 143 Franklin Way, Croydon, Surrey, CR0 4UX, CR0 — £80,000 • 1 bed • 1 bath • 462 ft²
3 bedroom apartment for sale in 11 Rigby Close, Croydon, Surrey, CR0 4JU, CR0 — £200,000 • 3 bed • 1 bath • 689 ft²
