Description
Lot 29 – 57 Coombe Road, Croydon CR0 1BR Auction: Wednesday 28 October 2026 at 1.00 pm, The St James Room, Claridge's, Brook Street, Mayfair, London W1K 4HR Guide price: £600,000+ Tenure: Freehold, sold subject to the existing assured shorthold tenancies Accommodation: Four self-contained one-bedroom flats over four floors Income: £62,400 a year gross – fully let Buyer's costs: see Buyer's Costs belowThe Opportunity
A freehold investment in Croydon, offered at auction with income from day one. 57 Coombe Road is a semi-detached period house converted into four self-contained one-bedroom flats, all let and together producing £62,400 a year. At the guide price of £600,000 that is a gross yield of about 10.4%. The freehold is sold with the benefit of the four long leasehold interests under a single registered title, so the buyer controls the whole building and all of its income. It will suit landlords, portfolio investors and pension funds looking for a straightforward, multi-unit buy-to-let in a well-connected part of Croydon.Key Features
- Freehold block of four self-contained one-bedroom flats
- Fully let at £1,300 a month per flat – £62,400 a year gross
- Gross yield of about 10.4% at the £600,000 guide
- Each flat has its own front door
- Clean and well presented, with licensing kept up to date
- Off-street parking for some flats
- About 0.5 miles (10–12 minutes' walk) from East Croydon station
- Sold under an unconditional auction contract
The Property
57 Coombe Road is an attractive semi-detached period property, professionally converted into four self-contained one-bedroom flats arranged over four floors. Each flat is fully self-contained, with its own front door, and offers good-sized accommodation that appeals to young professionals and commuters – a proven format with consistent tenant demand in central Croydon.Accommodation
- Flat A: one-bedroom self-contained flat
- Flat B: one-bedroom self-contained flat
- Flat C: one-bedroom self-contained flat
- Flat D: one-bedroom self-contained flat
Tenure and Possession
Freehold, sold together with the benefit of the four long leasehold interests under a single registered title. The property is sold subject to the existing assured shorthold tenancies of each flat. Full details are in the legal pack.The Income
All four flats are currently let, each at £1,300 per calendar month.| Flat | Accommodation | Rent per month | Rent per year |
|---|---|---|---|
| Flat A | 1 bedroom | £1,300 | £15,600 |
| Flat B | 1 bedroom | £1,300 | £15,600 |
| Flat C | 1 bedroom | £1,300 | £15,600 |
| Flat D | 1 bedroom | £1,300 | £15,600 |
| Total | 4 flats | £5,200 | £62,400 |
The Location
Coombe Road is a popular residential road on the edge of central Croydon, combining easy access to the town centre with nearby parks.Transport
- East Croydon station: about 0.5 miles (10–12 minutes' walk), with fast trains to London Bridge, London Victoria and Gatwick Airport
- West Croydon station: about 1 mile, for National Rail and London Overground
- Tram: Croydon Tramlink, serving Wimbledon and Beckenham Junction, within 10–12 minutes' walk
Parks and Amenities
- Park Hill Park: about 0.3 miles
- Lloyd Park: about 0.6 miles, with sports facilities and open green space
- Croydon town centre: about 0.7 miles, with major shopping, restaurants and Surrey Street Market
Regeneration
Croydon is one of south London's most active regeneration areas, with major plans for the town centre, including the Whitgift and Centrale shopping centres. This continuing investment underpins the area's appeal to tenants and investors.Auctioneer's Comments
"Having personally visited the property, I consider 57 Coombe Road to be a well-maintained investment opportunity. The property is clean, well presented and kept up to date with its current licensing requirements. All four flats offer good-sized accommodation, making them attractive to tenants looking for comfortable living space. With four flats producing £62,400 a year – a gross yield of around 10.4% at £600,000 – 57 Coombe Road offers investors an established income from the outset and the potential for long-term returns. As always, buyers should carry out their own due diligence on the tenancy agreements, licensing, running costs and the legal documents before bidding." Edward Swindells, AuctioneerAuction Information
- Date and time: Wednesday 28 October 2026 at 1.00 pm, unless sold prior
- Venue: The St James Room, Claridge's, Brook Street, Mayfair, London W1K 4HR
- How to bid: in the room, online, by telephone or by proxy. Please register and complete our anti-money laundering checks before the auction
- Online bidders: a £2,000 security deposit is required, refunded to unsuccessful bidders within 48 hours
Buyer's Costs
| Item | Amount | When payable |
|---|---|---|
| Deposit | 10% of the purchase price | On exchange, at the fall of the hammer |
| Buyer's premium | 1% of the purchase price, minimum £2,000 plus VAT | On exchange |
| Contract documents charge | £850 plus VAT | On exchange |
| Stamp Duty Land Tax and your own legal costs | As applicable | On completion |
