Croydon’s Housing Market and Transport links
The buy-to-let housing stock in Croydon could be a great opportunity for an investor looking to enter the buy-to-let market. With a variety of property types and sizes available, Croydon is an attractive option for those looking to invest in residential housing.
Housing stock
Croydon, has a diverse housing stock that ranges from Victorian terraced houses to modern apartment buildings.
The majority of the housing stock in Croydon consists of 1 and 2 bedroom flats and houses. Specifically, there are approximately 45,000 one-bedroom units, 35,000 two-bedroom units, and 15,000 three-bedroom units.
When compared to the overall housing stock in London, Croydon has a higher proportion of 1 and 2 bedroom units. The London average for one-bedroom units is around 43%, while in Croydon, it is around 47%. Similarly, the London average for two-bedroom units is around 40%, while in Croydon, it is around 37%. However, London has a higher proportion of three-bedroom units with around 17% compared to Croydon’s 16%.
In Croydon, there is a mix of old and new housing stock, with a good number of new build properties available. Major housing development projects are also being undertaken in Croydon, such as ‘Croydon Gateway’ and ‘Croydon Vision’ making Croydon an attractive option for potential landlords.
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Transport links
Croydon is well-connected, with a number of train stops and major stations servicing the area. One of the biggest stations is East Croydon, which has frequent services to London and other cities. The commute times from Croydon to London are also competitive, making it a great option for those looking for easy access to the city.
Conclusion
Croydon is an ideal option for potential landlords looking to invest in residential housing. With a higher than average proportion of housing stock for rent, higher than average house prices, and great transport links, Croydon offers a great opportunity for those looking to enter the buy-to-let market.
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Fee Saving Calculator
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Yield calculator
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Compliance checklist
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Compliance Guide
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