The new Boxpark, the transformation of Fairfield Halls and exciting plans for South London’s biggest shopping centre, not to mention the fastest growing tech scene in London, are just some reasons why Croydon has become one of the country’s property hot spots.
More and more people are looking to live in Croydon, as evidenced by recent research by the property website Zoopla, which found that Croydon had overtaken central London as one the most ‘in demand’ areas in the UK, with properties typically receiving 104 per cent more interest from buyers than the average home on the market across Britain.
Value for money
One of only 12 London boroughs with average house prices below £500,000, Croydon offers buyers huge choice; ranging from terraced turn-of-the-century houses and conversions; modern apartment blocks, Victorian and 1930s houses, with family sized houses in South Croydon.
First-time buyers are being attracted to the area by a steady supply of modern apartments including those at Saffron Square, which at 43 storeys is one of the country’s tallest residential towers.
Other new developments such as the completed VITA at Ruskin Square and the forthcoming 514 home re-development of the site of former Croydon Council HQ, Taberner House, offer exciting opportunities to rent and buy, including shared ownership properties, right at the heart of the regenerated town centre.
Croydon Council has also set up its own development company to make sure new homes remain affordable and aims to deliver more than 1,000 homes by 2019.
The borough’s fast rail links to Victoria and London Bridge terminals, London Overground station and comprehensive bus and tram networks mean Croydon is increasingly popular with both buyers and renters. From East Croydon station, you can also get to Gatwick Airport in 15 minutes and Brighton well within the hour.
East, West and South Croydon are in Zone 5 and an annual Travelcard to Zone 1 costs £2,208.