Buy-To-Let In Croydon Up For Auction

Apr 26th 2018

An excellent opportunity to invest in Croydon – one of London’s most sought-after boroughs – is available as part of this month’s auction.

We are proud to offer an income-producing three bedroom terraced house in the London borough, which has recently seen huge investment including a new Westfield shopping centre which will bring thousands of jobs to the area.

Richard Reed MRICS, head of our Property department said: “It really is a fantastic time to be looking at property in Croydon. The whole area is receiving huge amounts of investment, with more than £5bn worth of regeneration in the borough alone.

“With the new Westfield development bringing more than 500,000ft2 of new shops and restaurants – not to mention more than 7,000 new jobs – now is the time to take advantage of opportunities to expand your investment portfolio in a rapidly-improving area.”

The traditional three bedroom terrace property is located on Colliers Water Lane in Thornton Heath, and boasts a block paved driveway providing off road parking and a garden to the rear.

“It is rare that well-maintained properties in popular residential areas are available at this price. This property has been tenanted for nearly a decade, which shows the attractiveness of both the area and the property itself, and has been achieving £1,100 pcm (£13,200 pa), reflecting a yield of 3.8% based on the guide price,” Richard added.

“With the significant investment coming into the area and lots of exciting developments in the near future, Croydon is seen as one of the most exciting places to be around London, and this lot is a great buy-to-let opportunity.”

More investors are using our online auctions to buy and sell properties, making it much easier to discover new investment opportunities to grow your portfolio.

“The John Pye online property auction continues to grow significantly, with new property stock constantly being offered to the market. Our distinctive method combines our expertise in the industry with the ease of an online auction, and is one of our unique selling points,” Richard added.

We regularly feature properties from across the UK including residential, commercial and buy-to-let properties. Its latest monthly online property auction will go live on Wednesday April 25 and conclude on Thursday April 26 2018.

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