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October 2023 Croydon Property Market Snapshot
New data has unveiled a 2.8% annual depreciation in Croydon house prices, slicing £11,500 off the typical home’s value (House Price Index, August 2023).
New data has unveiled a 2.8% annual depreciation in Croydon house prices, slicing £11,500 off the typical home’s value (House Price Index, August 2023).
This downturn eclipses the UK’s average 0.5% decline since August 2022.
Nevertheless, the quintessential Croydon residence retains a market value of £398,500—surpassing the UK average by a considerable margin.
While recent months have observed a slip in Croydon property prices, a five-year retrospective reveals a cumulative growth of 8.5% in property value within the borough.
Homes2let offers a property management service that reduces the landlord burden, with an added benefit…
As a landlord, you have enough to deal with without having deal with deposit claims. So why not hand over to a property management service, but one with a clear added benefit?
The homes2let guaranteed rent scheme guarantees rental payments, even when the property is untenanted, as well as taking all the hassle of property management off your shoulders too.
Interested to discover more? You are welcome to get in touch with our expert team to discover how we can make your life as a landlord more of a breeze.
Riz is the founder of homes2let and has been in real estate for over twenty years. He has a background in economics and is a real estate developer and buy to let investor.
Free, no obligation 15min call with Riz – Book Now
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