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Handcroft Road, Croydon, Surrey CR0 3LE - Image 1
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Handcroft Road, Croydon, Surrey CR0 3LE

South East

£1,000,000
Listed on 16/12/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This freehold industrial unit presents a prime opportunity for investors and developers looking to capitalize on its redevelopment potential. Currently functioning as a car repair garage, the property encompasses a workshop area complete with MOT facilities, offices, and storage rooms, offering approximately 660 sqm (7,101 sq ft) of versatile space on a 0.2-acre plot. Located just north-west of Central Croydon, it benefits from robust transport links, including proximity to West Croydon and East Croydon stations, which facilitate quick access to central London and Gatwick Airport. The site is well-positioned for various future uses subject to necessary planning permissions, including educational facilities or residential accommodations, despite a recent failed application for 20 flats. With thoughtful planning considerations and strategic vision, this property could be transformed into an attractive residential or mixed-use development.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £300,000
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

Handcroft Road, Croydon, Surrey CR0 3LE
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Mortgage Calculator

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£
£
%
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,663
Based on a loan of £750,000 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