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Addington Road, South Croydon, London, CR2 - Image 1
Addington Road, South Croydon, London, CR2 - Image 2
Addington Road, South Croydon, London, CR2 - Image 3
Addington Road, South Croydon, London, CR2 - Image 4

Addington Road, South Croydon, London, CR2

South East

£550,000
Listed on 02/08/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This semi-detached house, currently functioning as commercial therapy rooms, presents an excellent opportunity for renovation and investment. With planning permission already granted to convert the property from commercial to residential use, the potential for transformation into a family home is significant. The existing gross internal area (GIA) of 86.7 square meters can be expanded through approved plans for an extension, allowing for a total proposed GIA of 134.3 square meters following a loft conversion and additional structural enhancements. This expansion offers ample space to create a comfortable five-bedroom residence, making it ideal for families or potential renters in a growing market. Located in Selsdon, this property benefits from its proximity to a small but vibrant high street, featuring various shops, cafés, a supermarket, and a local library. The surrounding area boasts access to green spaces like Selsdon Wood and Littleheath Woods, providing recreational opportunities right on your doorstep. While Selsdon no longer has its own train station, nearby options such as Sanderstead and East Croydon offer regular services to central London and Gatwick Airport, ensuring convenient travel connections. It’s important to note that the outbuilding is not included in this sale. This property combines the promise of residential development with community advantages that make it an attractive investment opportunity in an evolving area.

Investment Analysis

(CR2 area)
Area Average
£468/sq ft
Avg Rent (weekly)
£405
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£120,000 - £180,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (CR2)

Area prices are rising by +2.2% over the last 12 months
3 year growth: 3.6%
5 year growth: 7.9%
Investment Disclaimer: Analysis based on CR2 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

Addington Road, South Croydon, London, CR2
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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
£2,015
Based on a loan of £412,500 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