Why Should You Buy Residential Property In Croydon?

by Liz Seyi Digital marketing manager

For both homeowners and landlords, Croydon is a great area to own property. The amazing transport links and job opportunities available to resident’s makes London as a whole highly desirable, and Croydon is the perfect compromise for those on lower incomes who may have been priced out of other parts of the capital.  

Croydon is gaining an increasingly formidable reputation as a place to live and invest in, and here are just a few reasons why.  

Impressive connections to wider London

One of the longest-standing attractions of living in Croydon is its strong transport network, particularly with regard to travel in and around the rest of the capital.

Travelling to London Bridge station from East Croydon station only takes 15 minutes, while the journey to Gatwick Airport takes roughly the same amount of time. This makes travelling abroad or welcoming guests from far afield very quick and easy.

Croydon also boasts a tram service, Tramlink, that takes passengers to Beckenham and Wimbledon, as well as on shorter journeys to elsewhere in Croydon.

Cheaper housing than Greater London

The enhanced transport links in Croydon help those who work in London to save a great amount of money when buying property. House prices in Greater London are some of the highest in the country, with an average cost of £600,076.

There is still debate among locals as to whether Croydon is part of Greater London or Surrey, but what is certain is that Property For Sale In Croydon is much cheaper.

Flats cost an average of £253,417 in Croydon, and the most expensive investments are semi-detached properties, costing an average of £427,485. This is still considerably less than much of the rest of the Greater London area.

An increasingly regenerated area

Croydon is growing in popularity as a destination for budding London residents, thanks to efforts to regenerate and bring more jobs to the area. More than £1 billion is being invested by the Croydon Partnership to renovate two existing shopping malls, Whitgift and Centrale, and create a large shopping and leisure hub for Croydon.  

Although Croydon is cheaper to live in than much of the rest of the Greater London area, the value of property for sale in Croydon has grown exponentially, making Croydon a great place to invest in property. Last year saw a rise in property prices for new buyers of 18.6%, with signs pointing to a steady increase in years to follow.

Croydon is already a fine destination for commuting and working, and it's only going to get better as a place to shop, spend leisure time and of course, purchase property. Buy Croydon property today and you will stand to benefit considerably from your investment in the near future.

Sponsor Ads

• Ad Space Available - Rent it Now!

Created on Nov 30th 2017 23:51. Viewed 391 times.

Comments