Coombe Road, Croydon
Size
3,422.92
Tenure
Freehold
EPC
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Parking
4
- Primary use
- Residential development
- Other use(s)
- Residential development
No floor / site plan
Building amenities
Additional costs may apply for some services – please check the full property description for more details.
- Parking
- Transport links
- Well connected
- Natural light
Key features
- Freehold block of flats for sale in Croydon — a rare semi-detached freehold investment comprising four self-contained apartments.
- Outstanding gross yield of approx. 9.9% at the £650,000 guide price — a strong return for income-focused investors.
- Fully let with immediate income — currently producing £64,200 per annum (£5,350 pcm) across all four flats.
- Four self-contained apartments — three one-bedroom flats and one two-bedroom flat, each sold with the benefit of a leasehold interest.
- Prime South London commuter location — approx. 13-minute walk to East Croydon station, with direct trains to London Bridge, Victoria, and Gatwick.
- Excellent local transport links — Tramlink stops at George Street and East Croydon within 13 minutes' walk, plus nearby bus routes.
- Close to major shopping and dining — Centrale, Whitgift, and Boxpark Croydon all within easy reach, alongside the South End restaurant quarter.
- Regeneration hotspot — Croydon has seen over £49m invested in public realm, transport, and business infrastructure, supporting future growth.
- Well-served by schools and green spaces — Heathfield Academy and Croydon Metropolitan College nearby, plus Coombe Wood and Crystal Palace Park.
- Ideal for portfolio landlords and buy-to-let investors — strong rental demand with potential for future rental uplift and capital growth.
Description
Headlines:
Rare freehold investment opportunity—four self-contained 1-bedroom flats, fully let, moments from East Croydon Station and Coombe Lane tram stop, with strong rental income and long-term growth potential. In addition, 57 Coombe Road CR0 1BR for sale represents a superb purchase for investors seeking quality and yield.
The Property
A substantial semi-detached freehold property, 59 Coombe Road has been expertly converted into four self-contained 1-bedroom apartments arranged over four floors. Each flat is currently let at £1,300 per calendar month, producing a total gross rental income of £62,400 per annum. The property is sold together with the benefit of the four leasehold interests, offering immediate income and long-term investment security. Buyers interested in 57 Coombe Road CR0 1BR for sale will find similar investment attributes in this area. All apartments are well-proportioned, with modern kitchens and bathrooms, double glazing, and independent services. The building retains attractive period features and offers scope for future value enhancement, subject to necessary consents.
Investment Opportunity
Freehold block of four 1-bedroom flats
Current gross rental income: £62,400 per annum
Fully let to established tenants
High rental demand due to proximity to major transport hubs and amenities
Potential for future rental growth and asset appreciation
The Location
59 Coombe Road is ideally positioned in a sought-after residential area of Croydon, combining excellent connectivity with access to green spaces and top-rated schools. Notably, if you are considering 57 Coombe Road CR0 1BR for sale, you will enjoy the same locational advantages.
Transport:
Coombe Lane tram stop (approx. 5-minute walk) with frequent trams to East and West Croydon
South Croydon Station (approx. 8–10 minutes’ walk)
East Croydon Station (approx. 14-minute walk): Direct trains to London Bridge (from 13 mins), London Victoria (from 16 mins), Blackfriars, and St Pancras
Multiple bus routes within a short walk
Amenities:
Walking distance to Croydon town centre, Whitgift and Centrale shopping centres, Boxpark Croydon, and Surrey Street Market
Wide range of supermarkets, cafés, and leisure facilities nearby
Green Spaces:
Close to Lloyd Park, Park Hill Recreation Ground, and the award-winning Coombe Wood ornamental gardens.
Schools:
Heathfield Academy (Primary, Ofsted “Outstanding”)
Coombe Wood School (Secondary, Ofsted “Good”)
Access to other highly regarded schools and grammar options.
Tenure
Freehold. Sold subject to and with the benefit of the existing leases. Please refer to the legal pack for full details.
Legal Pack
The legal pack is available to download at palaceauctions.com. Prospective purchasers are advised to inspect the legal documents and satisfy themselves as to all matters.
Important Notice
All lots are sold as seen and subject to the terms and conditions set out in the legal pack. Prospective purchasers must satisfy themselves as to the accuracy of all information and inspect the legal pack prior to bidding. The Auctioneer reserves the right to withdraw, divide, or combine lots at their discretion. Guide prices are provided as an indication only and may be subject to change prior to the auction.
Summary:
Lot 2 offers a rare chance to acquire a fully let freehold block of four 1-bedroom flats in a prime Croydon location, with outstanding transport links, strong rental income, and proximity to top schools and amenities. Early viewing is also strongly recommended for anyone interested in 57 Coombe Road CR0 1BR for sale.
- Service charge
- Ask agent
- Business rates
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- Use class
- C3, C4
- Listed building
- No
- Floors in building
- 4
An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirementsAsk agent
- BREEAM rating
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- Environmental description
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Coombe Road, Croydon
About Palace Auctions (London) LTD, London
Palace Auctions London is a leading property auctioneer, specialising in residential and commercial sales across all London boroughs and beyond. Our award-winning team combines unrivalled local expertise with global reach, offering both in-room and advanced online auctions for maximum exposure and certainty of sale. We provide transparent, competitive bidding, legally binding transactions, and a seamless process from expert valuation to completion—typically within 28 to 56 days.
Our services include free market appraisals, tailored marketing, legal pack preparation, and specialist advice for investors, developers, first-time buyers, and charities. With a 95% completion rate and record results in prime London areas, we deliver swift, secure sales and outstanding value for every client.
Contact our Mayfair office for a confidential discussion about your property needs.
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Disclaimer - Property reference erssept2. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Palace Auctions (London) LTD, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.