Description
Lot 2: 59 Coombe Road, Croydon CR0 1BR
A rare opportunity to acquire a fully let freehold investment in one of Croydon's most sought-after residential pockets. This substantial semi-detached property has been expertly converted into four self-contained one-bedroom flats, each let to established tenants and together producing £62,400 per annum in gross rental income. With exceptional transport links, strong and sustained rental demand, and close proximity to outstanding local schools, 59 Coombe Road offers a compelling, income-producing addition to any residential investment portfolio.
Auction Venue:
Date: 28th October 2026 at 1;00pm , St James Room, Claridge's, Brook St Mayfair, London.
Everyone is welcome to join us in the room on the 28th October or online
REGISTER TO BID AUCTION CATALOUGE
Guide Price: £650,000 Plus
Freehold semi-detached property converted to 4 self-contained 1-bedroom flats, generating £62,400 per annum. Exceptional transport links, high rental demand, and proximity to outstanding schools.Headlines:
Rare freehold investment opportunity—four self-contained 1-bedroom flats, fully let, moments from East Croydon Station and Coombe Lane tram stop, with strong rental income and long-term growth potential. In addition, 59 Coombe Road CR0 1BR for sale represents a superb purchase for investors seeking quality and yield.The Property
A substantial semi-detached freehold property, 59 Coombe Road has been expertly converted into four self-contained 1-bedroom apartments arranged over four floors. Each flat is currently let at £1,300 per calendar month, producing a total gross rental income of £62,400 per annum. The property is sold together with the benefit of the four leasehold interests, offering immediate income and long-term investment security. Buyers interested in 57 & 59 Coombe Road CR0 1BR for sale will find similar investment attributes in this area. All apartments are well-proportioned, with modern kitchens and bathrooms, double glazing, and independent services. The building retains attractive period features and offers scope for future value enhancement, subject to necessary consents.Investment Opportunity
- Freehold block of four 1-bedroom flats
- Current gross rental income: £62,400 per annum
- Fully let to established tenants
- High rental demand due to proximity to major transport hubs and amenities
- Potential for future rental growth and asset appreciation
The Location
59 Coombe Road is ideally positioned in a sought-after residential area of Croydon, combining excellent connectivity with access to green spaces and top-rated schools. Notably, if you are considering both 57 and 59 Coombe Road CR0 1BR for sale, you will enjoy the same locational advantages.- Transport:
- Coombe Lane tram stop (approx. 5-minute walk) with frequent trams to East and West Croydon
- South Croydon Station (approx. 8–10 minutes’ walk)
- East Croydon Station (approx. 14-minute walk): Direct trains to London Bridge (from 13 mins), London Victoria (from 16 mins), Blackfriars, and St Pancras
- Multiple bus routes within a short walk
- Amenities:
- Walking distance to Croydon town centre, Whitgift and Centrale shopping centres, Boxpark Croydon, and Surrey Street Market
- Wide range of supermarkets, cafés, and leisure facilities nearby
- Green Spaces:
- Close to Lloyd Park, Park Hill Recreation Ground, and the award-winning Coombe Wood ornamental gardens.
- Schools:
- Heathfield Academy (Primary, Ofsted “Outstanding”)
- Coombe Wood School (Secondary, Ofsted “Good”)
- Access to other highly regarded schools and grammar options.
Tenure
Freehold. Sold subject to and with the benefit of the existing leases. Please refer to the legal pack for full details.Legal Pack
The legal pack is available to download at palaceauctions.com. Prospective purchasers are advised to inspect the legal documents and satisfy themselves as to all matters.Important Notice
All lots are sold as seen and subject to the terms and conditions set out in the legal pack. Prospective purchasers must satisfy themselves as to the accuracy of all information and inspect the legal pack prior to bidding. The Auctioneer reserves the right to withdraw, divide, or combine lots at their discretion. Guide prices are provided as an indication only and may be subject to change prior to the auction.Summary:
Lot 2 offers a rare chance to acquire a fully let freehold block of four 1-bedroom flats in a prime Croydon location, with outstanding transport links, strong rental income, and proximity to top schools and amenities. Early viewing is also strongly recommended for anyone interested in Number 57, 59 and 61 Coombe Road CR0 1BR for sale. Page last updated on 08/10/2026 at 12:58 by Bridgett October Auction Hub Article https://www.rightmove.co.uk/properties/771993507715985#/?channel=COM_BUY REGISTER TO BIDAuctioneers Coments:
Having personally inspected the property, we are pleased to report that 59 Coombe Road is presented in good order. The property has been expertly converted into four self-contained one-bedroom flats, all of which are fully let to established tenants, providing an immediate income stream for the successful purchaser.
The four apartments collectively generate a gross rental income of £62,400 per annum, making this an attractive investment opportunity for landlords seeking a fully occupied residential property with established rental income. The property benefits from its convenient Croydon location, offering access to local amenities, transport connections, schools and a range of shopping and leisure facilities. Croydon’s established residential market and demand for well-located rental accommodation further enhance the property's appeal to investors. 59 Coombe Road represents an excellent opportunity to acquire a fully let, income-producing residential investment. With four self-contained apartments, a substantial annual rental income and a location that appeals to tenants, this property is well suited to investors looking to expand their existing portfolio or secure a multi-unit residential investment. We expect this opportunity to attract interest from both experienced landlords and investors seeking a property with established tenants and income from completion, subject to the terms of the sale and the purchaser’s due diligence.
