5 Reasons Why Croydon is a Great Place to Live – and Invest in Rental Property
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.
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.
Related Insights
Important things to Consider When Renting to Families with Children
For landlords, families often make attractive tenants, with their preference for long term lets. If you are thinking about renting to families with children, there will be various considerations to make, not least whether your property is suitable. Read on as we explore how to establish whether a property is right for family rentals, and other things to contemplate when letting to families with children.
Property Value Growth in England Spells Good News for Buy to Let Investors
The values of homes across England have increased by 80 per cent in the past decade. The rental market specifically has grown 105 per cent to represent a staggering value of £1.5 trillion, with £529 billion of that in London alone. With growth like this in the rental sector, it would seem those investing in buy to let property are set to win hands down.
Are Rent Guarantee Schemes Worth it?
With so much pressure on landlords in the wake of the COVID-19 pandemic, not least the evictions ban and, more recently, the breathing space rule, it is no wonder so many buy-to-let investors are starting to look into the benefits of guaranteed rent schemes. Here we explore the reasons for the mounting interest and ask, are rent guarantee schemes worth it?