PRICE
Guide Price £700,000+
KEY FEATURES
Entire freehold with the leases of all four flats
Four self-contained one-bedroom flats
Fully let, producing £62,400 a year
Gross yield of c.8.9% at the guide price
Each flat let at £1,300 per calendar month
Substantial semi-detached period building
Off-street parking on the front forecourt
Around 5 minutes' walk to Coombe Lane tram stop
For sale at auction at Claridge's on 28 October 2026
Neighbouring 57 Coombe Road offered in the same sale
SUMMARY
A fully let freehold investment in Croydon: a substantial semi-detached period building converted into four self-contained one-bedroom flats, sold with the freehold and the leases of all four flats. It produces £62,400 a year, a gross yield of c.8.9% at the guide price of £700,000+. For sale at auction at Claridge's on 28 October 2026.
FULL DESCRIPTION
Freehold Investment in Croydon: Four Self-Contained Flats, Fully Let at £62,400 a Year. Guide Price £700,000+.
THE OPPORTUNITY
A fully let freehold investment at 59 Coombe Road, Croydon CR0 1BR, offered at our Claridge's auction on 28 October 2026 with a guide price of £700,000+. The sale includes the entire freehold together with the leases of all four flats, so the buyer owns the whole building outright. The four flats produce £62,400 a year, a gross yield of approximately 8.9% at the guide price.
The neighbouring building, 57 Coombe Road, is offered in the same sale on the same terms, which gives an investor the chance to buy both.
THE PROPERTY
59 Coombe Road is a substantial semi-detached period building that has been converted into four self-contained one-bedroom flats over four floors. The building keeps attractive period features, and the flats are well proportioned, with kitchens, bathrooms, double glazing and separate services. There is off-street parking on the front forecourt.
Because the freehold and all four leases are sold together, a buyer has flexibility. They can hold the building as a single investment, or keep the leases in place, which may help with future refinancing or the sale of individual flats. Buyers should take legal advice on the best structure for their plans.
THE INCOME
All four flats are let at £1,300 per calendar month each, a total of £62,400 a year. At the guide price of £700,000, that is a gross yield of approximately 8.9%. Demand for one-bedroom flats close to Croydon's transport links remains strong. The tenancy details are in the legal pack.
THE LOCATION
59 Coombe Road is in a sought-after residential part of Croydon, with good transport links and green space close by.
Transport:
Coombe Lane tram stop, around 5 minutes' walk, with frequent trams to East and West Croydon
South Croydon station, around 8 to 10 minutes' walk
East Croydon station, around 14 minutes' walk, with direct trains to London Bridge, London Victoria, Blackfriars and St Pancras
Several bus routes within a short walk
Amenities:
Croydon town centre, with the Whitgift and Centrale shopping centres, Boxpark Croydon and Surrey Street Market, is within walking distance, along with supermarkets, cafés and leisure facilities.
Green spaces:
Lloyd Park, Park Hill Recreation Ground and the Coombe Wood gardens are all close by.
Schools:
There is a choice of well-regarded primary and secondary schools in the area.
KEY FACTS
Tenure: Freehold, sold with the leases of all four flats
Accommodation: Four self-contained one-bedroom flats
Parking: Off-street, on the front forecourt
Rent: £1,300 per calendar month per flat, £62,400 a year in total
Gross yield: c.8.9% at £700,000
Guide price: £700,000+
Auction: 28 October 2026, Claridge's, Brook Street, Mayfair, London W1K 4HR
Lot number: TBC
AUCTION DETAILS
59 Coombe Road will be offered at the Palace Auctions London sale at Claridge's, Brook Street, Mayfair, London W1K 4HR, on Wednesday 28 October 2026. Guide price £700,000+, plus buyer's premium and fees. The sale is on an unconditional auction contract. Contracts exchange on the fall of the hammer, with a 10% deposit payable on exchange.
The legal pack is available to download at palaceauctions.com, and buyers are strongly advised to read it before bidding. Viewings are strictly by appointment. Please register to bid in advance.
VIEWINGS AND ENQUIRIES
Contact Edward Swindells on or .
IMPORTANT NOTICE
The guide price is an indication of the seller's current minimum acceptable price at auction and may change. The rental income is provided by the seller. Buyers must check the tenancies, leases and rents in the legal pack. The auctioneer may withdraw, divide or combine lots. These particulars do not form part of any offer or contract.
