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Windmill Road, Croydon, Surrey, CR0 - Image 1
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Windmill Road, Croydon, Surrey, CR0

South East

£2,000,000
Listed on 22/08/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property offers a unique opportunity for renovation and investment in an evolving area to the north of central Croydon. Positioned conveniently along Windmill Road (A213), this site benefits from excellent transport links and proximity to essential services, including shops like Tesco Express and local parks such as Wilford Road Recreation Ground. The area features a diverse mix of residential, retail, and light industrial properties, making it a vibrant community with potential for growth. The site consists of three adjacent freehold plots totaling approximately 0.47 acres (0.190 hectares). The largest plot, 68 Windmill Road, encompasses about 0.26 acres (0.109 hectares) and includes a substantial three-storey building that reflects its previous warehouse usage with high eaves on the ground floor. Currently occupied by a children's nursery and a place of worship, the building spans around 11,361 sq ft (1,055.4 sqm) NIA and comes equipped with telecoms masts, making it adaptable for various uses. Adjacent at 64/66 Windmill Road is a single-storey office/workshop structure extending to roughly 2,900 sq ft (269.4 sqm), also presenting renovation opportunities for modern business requirements or conversion into alternative uses. Additionally, there is a strip of land at the rear of 68 to 70 Windmill Road measuring about 0.09 acres (0.004 hectares), which could serve further development needs. With East Croydon Station just a 15-minute walk away—providing access to Mainline services, Thameslink, Gatwick Express, and Tramlink—the location effectively connects residents and businesses alike to broader transit options. Given these attributes and the increasing desirability of the surrounding area, this property presents significant potential for investors seeking long-term value through redevelopment or adaptive reuse upon renovation.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£250,000 - £450,000
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

Windmill Road, Croydon, Surrey, CR0
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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
£7,327
Based on a loan of £1,500,000 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