Palace Auctions London’s September auction presents five fully let investment opportunities across Croydon and Thornton Heath.
The first five lots include freehold blocks of flats, multi-let accommodation and a high-yield HMO investment. Each offers an established income stream, strong tenant demand and convenient access to transport links, amenities and employment centres across South London.
The auction will take place live on Wednesday, 23rd September 2026, at 12 noon in the St James Room at Claridge’s, Mayfair. Doors open at 10am.
Absentee and online bidding will also be available, subject to advance registration, identity checks and the required £2,000 bidder security. Prospective buyers should review the relevant legal pack and arrange a viewing before bidding.
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Lot 1 : 61 Coombe Road, Croydon CR0 1BR
Guide price: £650,000
Tenure: Freehold block of flats
Current gross income: £64,200 per annum
Indicative gross yield: approximately 9.9%
View Lot 1: 61 Coombe Road, Croydon
Lot 1 comprises a substantial freehold property converted into four self-contained flats. The accommodation includes three one-bedroom flats and one two-bedroom flat, with all units currently let.
The property generates a reported gross income of £64,200 per annum, equivalent to £5,350 per month. At the guide price, this represents an indicative gross yield of approximately 9.9%.
The location is well suited to the commuter rental market. East Croydon Station is approximately a 13-minute walk away, providing direct services towards London Bridge, London Victoria and Gatwick. The property is also close to Boxpark Croydon, the South End restaurant quarter and a range of local amenities.
Additional features include a private rear garden with side access and parking options. Croydon continues to attract investment interest due to its transport connections, regeneration activity and broad tenant base.
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Lot 2 : 59 Coombe Road, Croydon CR0 1BR
Guide price: £650,000+
Tenure: Freehold block of flats
Current gross income: £62,400 per annum
View Lot 2: 59 Coombe Road, Croydon
Lot 2 offers a fully let freehold investment comprising four self-contained one-bedroom flats. Each flat is currently let to an established tenant, creating a combined gross rental income of £62,400 per annum.
The property provides a straightforward multi-unit investment structure, with individual flats arranged over four floors. The accommodation benefits from modern kitchens and bathrooms, double glazing and independent services, while retaining period character.
Transport connectivity is a key feature. Coombe Lane tram stop is approximately five minutes away, while South Croydon Station is around an eight- to ten-minute walk. East Croydon Station is also accessible on foot, with regular services to central London and wider destinations.
The property is close to Lloyd Park, Coombe Wood and Croydon town centre. Local shopping, dining and leisure facilities are all within easy reach, supporting ongoing rental demand from commuters, professionals and other tenants seeking well-connected South London accommodation.
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Lot 3 : 57 Coombe Road, Croydon CR0 1BR
Guide price: £600,000+
Tenure: Freehold block of flats
Current gross income: £62,400 per annum
Indicative gross yield: approximately 10.4%
View Lot 3: 57 Coombe Road, Croydon
Lot 3 is a freehold investment comprising four self-contained one-bedroom flats. All four apartments are currently let, producing a reported gross income of £62,400 per annum.
At the guide price of £600,000+, the property offers an indicative gross yield of approximately 10.4%. The multi-unit format gives investors exposure to several rental streams within a single freehold acquisition.
57 Coombe Road is approximately half a mile from East Croydon Station, around a ten- to twelve-minute walk. The station provides fast rail services to London Bridge, London Victoria and Gatwick Airport. Croydon’s tram network and West Croydon Station also provide additional connectivity.
The property is close to Park Hill Park, Lloyd Park and Croydon town centre. The wider area continues to benefit from regeneration and investment, including ongoing improvements to transport, public spaces and the town centre. These factors may support long-term tenant demand and future rental growth, subject to market conditions.
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Lot 4 : 3 Beulah Road, Thornton Heath CR7 8JH
Guide price: £500,000+
Tenure: Freehold multi-let investment
Current gross income: £53,400 per annum
Indicative gross yield: 10.68%
View Lot 4: 3 Beulah Road, Thornton Heath
Lot 4 comprises five self-contained studio flats together with an income-producing storage building or workshop. The property is fully let and generates a reported gross income of £53,400 per annum.
The five studios are each let at £850 per calendar month, while the storage or workshop element generates additional income. At the guide price, the combined income represents an indicative gross yield of 10.68%.
Thornton Heath Station is approximately a five-minute walk away, with direct trains to London Victoria taking around 20 to 25 minutes. The area also benefits from bus links towards Croydon, Streatham, Brixton and other South London destinations.
Thornton Heath offers a wide range of shops, supermarkets, restaurants and local services. The area has also seen regeneration investment and remains popular with tenants seeking comparatively accessible London accommodation with strong transport connections.
As with all multi-let investments, buyers should carefully review the legal pack, tenancy information, planning history and any licensing requirements before bidding.
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Lot 5 : 5 Beulah Road, Thornton Heath CR7 8JH
Guide price: £500,000+
Tenure: Freehold HMO investment
Current gross income: £62,400 per annum
Indicative gross yield: approximately 12.48%
View Lot 5: 5 Beulah Road, Thornton Heath
Lot 5 is a freehold property arranged as six self-contained studio flats. All units are currently let, producing a reported annual income of £62,400.
At the guide price of £500,000+, the property offers an indicative gross yield of approximately 12.48%. The rental schedule includes five studios let at £850 per month and one studio let at £950 per month.
Thornton Heath Station is approximately five to seven minutes away on foot. Direct services connect with London Victoria, London Bridge, Clapham Junction, Balham and East Croydon, making the location attractive to commuters and professionals.
The property is identified as requiring a mandatory HMO licence through Croydon Council. Prospective purchasers must satisfy themselves regarding licensing, planning, fire safety, management and all other statutory compliance requirements before bidding.
The combination of six rental units, an established income stream and a well-connected Zone 4 location may appeal to landlords and experienced investors seeking a higher-yielding South London asset.
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Why consider these South London investment lots?
Lots 1–5 offer a range of investment strategies within two established South London locations.
Croydon provides strong rail and tram connectivity, extensive amenities and a broad tenant base. Thornton Heath offers direct rail links into central London, accessible housing and continuing local investment.
The properties also provide different approaches to portfolio building:
- Fully let blocks of self-contained flats.
- Multiple rental streams from one freehold title.
- Established tenant income from day one.
- Exposure to commuter-led rental demand.
- Potential for future rental growth, subject to market conditions and active management.
Investors should not rely solely on quoted yields. Gross yields do not account for finance costs, management, repairs, insurance, voids, taxation, compliance, buyers’ fees or other acquisition costs. Independent legal, financial and tax advice is recommended.
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Auction details and next steps
The September auction will be held at:
St James Room, Claridge’s
Mayfair, London
Wednesday, 23rd September 2026
Doors open: 10am
Bidding begins: 12 noon
Absentee and online bids are welcome, subject to pre-registration, identity checks and the required £2,000 bidder security.
Before bidding, prospective purchasers should:
- Register to bid in advance.
- Download and read the relevant legal pack.
- Review the special conditions of sale and addendum.
- Arrange a viewing, strictly by appointment.
- Confirm all fees, taxes, deposits and completion requirements.
- Take independent legal and financial advice where appropriate.
View the full September Land and Property Auction
Browse properties currently offered by auction
Guide prices are subject to change and are not valuations or guarantees of the final sale price. Properties may be withdrawn or sold before the auction. Buyers should rely on the latest auction particulars, legal pack, addendum and conditions of sale.
Register to bid, download the legal packs and contact Palace Auctions to arrange your viewing before 23rd September.
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