Coombe Road, Croydon

PRICE
Guide Price £750,000+

KEY FEATURES

Entire freehold with the leases of all four flats
Four self-contained flats: three one-bedroom and one two-bedroom
Fully let, producing £64,200 a year
Gross yield of c.8.6% at the guide price
Substantial semi-detached period building over four floors
Off-street parking on the front forecourt
Rear garden
Around 5 minutes' walk to Coombe Lane tram stop
For sale at auction at Claridge's on 28 October 2026
Neighbouring 57 and 59 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 flats, three with one bedroom and one with two. It is sold with the freehold and the leases of all four flats, with forecourt parking and a rear garden. It produces £64,200 a year, a gross yield of c.8.6% at the guide price of £750,000+. For sale at auction at Claridge's on 28 October 2026.

FULL DESCRIPTION

Freehold Investment in Croydon: Four Self-Contained Flats, Fully Let at £64,200 a Year. Guide Price £750,000+.

THE OPPORTUNITY
A fully let freehold investment at 61 Coombe Road, Croydon CR0 1BR, offered at our Claridge's auction on 28 October 2026 with a guide price of £750,000+. 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 £64,200 a year, a gross yield of approximately 8.6% at the guide price.

The neighbouring buildings, 57 and 59 Coombe Road, are offered in the same sale on the same terms. Together, the three buildings hold twelve flats producing £189,000 a year, which gives an investor the chance to buy a block of neighbouring freeholds.

THE PROPERTY
61 Coombe Road is a substantial semi-detached period building that has been converted into four self-contained flats over four floors: three with one bedroom and one with two. There is off-street parking on the front forecourt and a rear garden.

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.

TENANCY SCHEDULE
Flat 1, ground floor: one bedroom, let at £1,300 pcm
Flat 2, first floor: one bedroom, let at £1,300 pcm
Flat 3, second floor: one bedroom, let at £1,300 pcm
Flat 4, third floor: two bedrooms, let at £1,450 pcm
Total: £5,350 pcm, £64,200 a year

THE LOCATION
61 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, about 1.2 miles or around 17 minutes' walk, with direct trains to London Bridge, London Victoria and Gatwick Airport
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 reach, and the South End restaurant quarter is close by. There are GP surgeries and pharmacies within walking distance.

Green spaces:
Lloyd Park, Park Hill Recreation Ground and the Coombe Wood gardens are all close by.

KEY FACTS
Tenure: Freehold, sold with the leases of all four flats
Accommodation: Three one-bedroom flats and one two-bedroom flat
Outside: Off-street parking on the front forecourt and a rear garden
Rent: £5,350 pcm, £64,200 a year
Gross yield: c.8.6% at £750,000
Guide price: £750,000+
Buyer's premium: 2% of the purchase price
Auction: 28 October 2026, Claridge's, Brook Street, Mayfair, London W1K 4HR
Lot number: TBC

AUCTION DETAILS
61 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. The guide price is £750,000+. The sale is on an unconditional auction contract. Contracts exchange on the fall of the hammer, with a 10% deposit payable on exchange. A buyer's premium of 2% of the purchase price and a contract documents charge of £850 plus VAT are payable on exchange.

The legal pack is available to download at palaceauctions.com. Buyers are strongly advised to read it, together with any addendum, 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.