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Nova Road, Croydon

South East

£500,000
Listed on 27/10/2025

Property Details

Bedrooms
4
Type
Terraced house

Description

This four-bedroom Victorian terraced house presents a substantial opportunity for renovation and investment. The ground floor features a generous double reception room that flows into an additional reception area, providing access to the garden. There is also a kitchen and a bathroom on this level. On the first floor, you will find four well-proportioned double bedrooms, one of which is currently configured as a kitchen, along with another bathroom. The property benefits from gas central heating and double glazing, ensuring comfort during colder months. The rear garden is accessible from both the kitchen and the back reception room, offering potential for outdoor enhancements. While the house requires comprehensive modernization throughout, its layout and design lend themselves to various renovation possibilities. There is significant potential for expansion with the possibility of adding a loft conversion or extending at the rear, subject to local building regulations. Located just a short walk from Croydon Town Centre, this property is ideally positioned to take advantage of excellent transport links including rail, tram, and bus services. The town centre boasts a wide range of shopping and leisure amenities, along with the upcoming Westfield development that is set to enhance the area further. This house represents not only a chance to create a personalized living space but also an investment in an evolving neighborhood with promising growth prospects.

Investment Analysis

(CR0 area)
Area Average
£444/sq ft
Avg Rent (weekly)
£378
Avg Yield
5.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
112
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (CR0)

Area prices are rising by +4.2% over the last 12 months
3 year growth: 3.0%
5 year growth: 7.7%
Investment Disclaimer: Analysis based on CR0 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Nova Road, Croydon
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,832
Based on a loan of £375,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE