57 Coombe Road, Croydon

Lot 3: Freehold Investment Property for Sale in Croydon — 4 Self-Contained Flats, £62,400 Income | Palace Auctions London, 23rd September 2026 This is an exceptional opportunity to acquire a flat for sale Croydon CR0 1BR in a prime location. Moreover, finding a • Flat for sale Croydon CR0 1BR in this sought-after area is rare.
The headlines:
This is a rare opportunity to acquire a freehold investment property at 57 Coombe Road, Croydon CR0 1BR, comprising four self-contained 1-bedroom flats. All are fully let and generating £62,400 per annum. Located just 0.5 miles from East Croydon station, this lot offers immediate income. Additionally, it provides strong yields and exceptional commuter appeal for anyone searching for a • Flat for sale Croydon CR0 1BR. Buy-to-let freehold, Croydon CR0 1BR — 4 x 1-bed self-contained flats, fully let at £1,300/month each. 10 min walk to East Croydon station. Guide £600,000+.
THE OPPORTUNITY
A rare freehold investment property for sale in Croydon, offered at auction with immediate income from day one. This 4 self-contained flats Croydon auction lot delivers a gross annual income of £62,400 against a guide price of £600,000+. As a result, it reflects a gross yield broadly in line with the 5–6% average currently recorded across the CR0 buy-to-let market. The freehold is sold together with the benefit of four long leasehold interests, providing a clean, investable structure for landlords, portfolio investors, and pension funds seeking a buy-to-let freehold in Croydon CR0 with robust tenant demand and low void risk. As such, this is a perfect example of a • Flat for sale Croydon CR0 1BR for investment-minded buyers.
THE PROPERTY
57 Coombe Road is an attractive semi-detached period property that has been professionally converted into four self-contained one-bedroom apartments arranged over four floors. Each flat is a discrete, self-contained unit with its own front door. Moreover, the property offers strong lettability to the young professional and commuter market. It also represents a compelling • Flat for sale Croydon CR0 1BR option in this thriving location. The conversion provides four individual one-bedroom self-contained flats — a proven format commanding consistent tenant demand in central Croydon. The freehold title is offered with vacant possession of the freehold interest. However, this is subject to the existing assured shorthold tenancies in each apartment.
THE INCOME
All four apartments are currently let, each achieving £1,300 per calendar month, producing a total gross rental income of £62,400 per annum. At the guide price of £600,000+, investors can assess an indicative gross yield of approximately 10.4%. This is well above the Croydon CR0 market average of 5–6% for individual flats. With high rental demand from commuters and young professionals relocating to Croydon, void periods across CR0 remain low, making this an ideal buy-to-let freehold acquisition for an investor seeking stable, multi-unit income from a single registered title.
THE LOCATION
57 Coombe Road sits within easy reach of East Croydon station — just 0.5 miles away (10–12 minute walk) — offering fast trains to London Bridge, Victoria, and Gatwick Airport. West Croydon station (National Rail and London Overground) is approximately 1 mile away. In addition, Croydon's tram network, connecting to Wimbledon and Beckenham Junction, is within 10–12 minutes on foot. Park Hill Park is a pleasant 0.3-mile stroll from the front door. Meanwhile, Lloyd Park — with its sports facilities and open green space — is 0.6 miles away. Croydon town centre, including major retail, dining, and the Surrey Street Market, is within 0.7 miles (approximately 15 minutes on foot). Croydon is one of South London's most active regeneration zones. The Westfield Croydon masterplan — redeveloping the Whitgift and Centrale centres — is underway. This is happening alongside the £7.2m+ annual Croydon Growth Zone investment in transport, public realm, and culture. Therefore, this makes the area a recognised investment hotspot for long-term capital growth.
AUCTION DETAILS
This property is offered as Lot 3 in the Palace Auctions London sale on Wednesday, 23rd September 2026, commencing at 12 noon in the St James Room at Claridge's, Brook Street, Mayfair, London W1K 4HR.Guide Price: £600,000+ (plus buyer's premium and applicable fees). Legal pack available to download from the Palace Auctions London website. Viewings strictly by appointment. Interested parties should register to bid in advance.