5 Reasons Why Croydon is a Great Place to Live – and Invest in Rental Property

The town of Croydon in south London has seen considerable growth in popularity recently, thanks in part to the substantial investment into its infrastructure, transport, culture and housing. With its excellent commuter links into London, its offering of fairly priced properties and abundance of leisure facilities, it is no wonder that living in Croydon has become a popular move, and that investing in buy to let property in the area has in turn developed into a lucrative opportunity. Here are five reasons why Croydon could be the place for your next property investment.

1. Ample green space

Perfect for escaping the bustle of everyday life, Croydon is blessed with a number of green spaces. South Norwood Country Park is a 125-acre space brimming with wildflower meadows, lakes and wetlands, a cycle path and a popular visitor centre, children’s playground and pitch and putt. Lloyd Park covers 114 acres, offering parkland with mature trees and woodland, a café, a children’s playground, an outdoor gym, a bowling green and tennis courts.

Happy Valley Park offers 250 acres of woodland, meadows, nature trails and horse rides, whilst Farthing Downs, home to an array of birds, butterflies and wildflowers, presents panoramic views of the London skyline, extensive countryside walks, ancient history and wildlife-rich chalk grassland.

2. Top class educational facilities

Aside from a huge array of primary and secondary schools, many rated outstanding or good, Croydon also boasts a number of colleges, including Croydon College which has invested £60 million to make sure it can offer the very best, state of the art facilities in the borough.

The establishment offers top class physical and online resources, allowing students to learn and practice skills in a range of vocational and academic disciplines.

3. Excellent transport links

Croydon is one of the capital’s most well-connected metropolitan centres. It is served by no less than four rail stations: East Croydon, West Croydon and South Croydon in Zone 5, and Norwood Junction in Zone 4.

The town is located on the A23 corridor which links London with the south coast. Less than 10 miles from the M25 and only 15 minutes from central London and Gatwick Airport, Croydon is perfectly located for regional, national and international travel.

4. Great leisure opportunities

Croydon is packed with a raft of restaurants, pubs and bars and has a thriving retail scene too. What’s more, with the £1.4 billion Croydon Partnership project in motion, the town is set to be transformed into one of the UK’s top ten shopping destinations.

Tucked into Croydon’s restaurant quarter sits an exceptional range of eateries, including a Michelin-rated restaurant together with an array of global cuisine offering Italian, French, Spanish, Greek, Chinese, Japanese, Thai, Mexican and Persian as well as British delights.

Box Park Croydon is an intriguing pop-up mall, combining modern street food concepts with local and global brands resulting in an exclusive dining and shopping experience.

Purley Way is Croydon’s very own out-of-town shopping experience bringing together a variety of retail parks including Valley Retail and Leisure which boasts a number of big name stores and restaurants.

5. Ongoing investment, improvement and development

Thousands of new homes, transport upgrades and development of public spaces are all underway or in the pipeline throughout the borough of Croydon, making it a great place to invest in rental property.

Growth in Croydon is 3.7 per cent higher than London’s average, and the area is also reported to have the second fastest expanding local economy in the UK, with a 9.3 per cent growth rate.

Considering investment property for sale in Croydon?

If you are considering investing in property in Croydon, why not take steps to safeguard  your buy-to-let with a guaranteed rent scheme from a Croydon property specialist?

At homes2let, we offer a comprehensive property management service with the added benefit of a guaranteed rent scheme. You’ll find yourself with an enhanced yield and reduced risk, with your monthly rental payments guaranteed, even during void periods.

Why not contact our Croydon-based team to find out more? We offer specific expertise in the Croydon property investment market, and look forward to helping you get the most out of your Croydon buy to let. Please feel free to get in touch today.