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Mill Lane, Croydon

South East

£400,000
Listed on 18/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
732 sqft

Description

This three-bedroom semi-detached property, located on the desirable Mill Lane in Croydon, presents a unique opportunity for renovation and investment. With a chain-free status, it is particularly appealing for those looking to create a personalized living space or capitalize on its potential in a growing neighborhood. The ground floor showcases an open-plan living and dining area, enhanced by a bay window that invites natural light and creates an airy atmosphere. The kitchen is functional, featuring ample storage and a breakfast bar, while the inclusion of a separate utility room increases practicality for everyday family life. Additionally, there is potential for extension (subject to planning permission), allowing future owners to expand the living space according to their needs. Upstairs, the property comprises three well-sized bedrooms. The master bedroom benefits from dual windows that offer both light and space for various furniture arrangements. The second bedroom can comfortably fit a double bed alongside wardrobes, making it versatile for guests or family members. The third bedroom serves well as a single room or home office. A fully tiled family bathroom with shower-over-bath configuration and an additional separate WC provides convenience for busy households. Situated close to local shops and restaurants, residents will enjoy easy access to everyday amenities. Waddon Station and Wandle Park Tram Stop are within walking distance, providing excellent transport options into London and other destinations. With its valuable renovation potential and prime location, this property stands as an excellent investment opportunity for buyers looking to enhance their living environment or secure future appreciation in this promising area.

Investment Analysis

(CR0 area)

Above Market Value

This property is priced +23.1% above area average per sq ft

+23.1%
This Property
£546/sq ft
Area Average
£444/sq ft
Avg Rent (weekly)
£378
Avg Yield
5.5%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£357,348
10% above area average per sq ft
Potential ROI
-16.9%
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

Mill Lane, 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
£1,465
Based on a loan of £300,000 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