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Coombe Road, Croydon

3,422.924sq ft
Residential development
A rare freehold investment opportunity in a prime South London location. This substantial semi-detached property has been expertly converted into four self-contained 1-bedroom apartments arranged over four floors, each fully let at £1,300 per calendar month, generating a total gross rental income of £62,400 per annum. All apartments are well-proportioned, benefiting from modern kitchens and bathrooms, double glazing, and independent services, with attractive period features retained throughout and scope for future value enhancement, subject to consents. The property enjoys excellent connectivity: Coombe Lane tram stop is approximately a 5-minute walk with frequent trams to East and West Croydon, South Croydon Station is 8–10 minutes away, and East Croydon Station (approx. 14 minutes) offers direct trains to London Bridge, Victoria, Blackfriars, and St Pancras. Multiple bus routes are also within easy reach. Local amenities include Croydon town centre, Whitgift and Centrale shopping centres, Boxpark Croydon, and Surrey Street Market, alongside supermarkets, cafés, and leisure facilities. Green spaces nearby include Lloyd Park, Park Hill Recreation Ground, and Coombe Wood ornamental gardens. Highly regarded schools in the area include Heathfield Academy (Ofsted "Outstanding") and Coombe Wood School (Ofsted "Good"). Sold freehold, subject to and with the benefit of the existing leases. This is an excellent opportunity for investors
Marketed by Palace Auctions (London) LTD, London
Palace Auctions (London) LTD, London
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