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
Period building converted over four floors
About half a mile from East Croydon station
Close to Park Hill Park and Lloyd Park
For sale at auction at Claridge's on 28 October 2026
Unconditional auction contract, exchange on the fall of the hammer
SUMMARY
A fully let freehold investment in Croydon: a 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 57 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 PROPERTY
57 Coombe Road is an attractive period building that has been converted into four self-contained one-bedroom flats over four floors. Each flat has its own front door. One-bedroom flats in this part of Croydon are consistently popular with young professionals and commuters.
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%. The tenancy details are in the legal pack.
THE LOCATION
57 Coombe Road is about half a mile from East Croydon station, which has fast trains to London Bridge, London Victoria and Gatwick Airport. West Croydon station, with National Rail and London Overground services, is about a mile away, and Croydon's tram network is within easy walking distance. Park Hill Park is a short stroll away, and Lloyd Park, with its sports facilities and open space, is about 0.6 miles away. Croydon town centre, with its shops, restaurants and Surrey Street Market, is around 15 minutes' walk.
Croydon town centre is the focus of major regeneration plans, which support long-term demand from renters and buyers.
KEY FACTS
Tenure: Freehold, sold with the leases of all four flats
Accommodation: Four self-contained one-bedroom flats
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
57 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 from the Palace Auctions London website, 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
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. These particulars do not form part of any offer or contract.
