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Queen Elizabeths Drive, New Addington, Croydon, CR0 - Image 1
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Queen Elizabeths Drive, New Addington, Croydon, CR0 - Image 8

Queen Elizabeths Drive, New Addington, Croydon, CR0

South East

£315,000
Listed on 11/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
800 sqft

Description

This two-bedroom terraced home presents a promising opportunity for renovation and investment. Positioned conveniently opposite a green space, the property is within close proximity to essential local amenities, including shops, restaurants, and leisure facilities. The area features a leisure center equipped with a swimming pool, enhancing the lifestyle options available to residents. The home comes with practical features such as double glazing throughout and gas central heating, providing a solid foundation for potential updates. While it does require modernization, this presents an ideal canvas for those looking to add value through personalized improvements. Accessibility is a notable advantage of this location; the local tram line is just minutes away from the property, offering direct routes to Croydon town center and its mainline station with frequent services to London. Additionally, the neighborhood boasts a variety of educational options, including both state and independent schools, making it appealing for families. Overall, this property not only provides immediate comfort but also significant potential for growth in value through renovation efforts. It represents an attractive investment in a location that balances community amenities with convenient transport links.

Investment Analysis

(CR0 area)

Below Market Value

This property is priced -11.3% below area average per sq ft

-11.3%
Potential saving
This Property
£394/sq ft
Area Average
£444/sq ft
Avg Rent (weekly)
£378
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£390,544
10% above area average per sq ft
Potential ROI
+13.2%
After renovation
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

Queen Elizabeths Drive, New Addington, Croydon, 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
£1,154
Based on a loan of £236,250 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