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.
To be offered at auction on 23rd September 2026 at 12 noon, St James Room, Claridge's, London 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.
