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Friends Road, Croydon, CR0 - Image 1
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Friends Road, Croydon, CR0

South East

£310,000
Listed on 19/11/2025

Property Details

Bedrooms
3
Type
Flat
Area
1047 sqft

Description

This spacious three-bedroom flat boasts over 1,000 sq. ft. of living space and offers an exciting opportunity for renovation and investment. Situated in the sought-after Friends Road area of Croydon, the property features a generous reception room, a separate kitchen, and three comfortably sized bedrooms, providing ample room for reconfiguration and modernization. While the interior could benefit from updates, this presents a prime canvas for buyers eager to customize their living space or investors looking for a project with substantial value-add potential. The flat includes access to a communal garden at the rear, providing an inviting outdoor space for residents to enjoy, as well as a private cellar that offers significant storage solutions or possibilities for creative use—subject to planning permissions. The location enhances its appeal, being conveniently close to East Croydon Station and various local shops, cafes, and essential amenities. This accessibility makes it an attractive option not only for homeowners but also for buy-to-let investors keen on maximizing rental income in a vibrant neighborhood. With a long lease of 125 years, this property stands as a solid entry into the Croydon market with ample opportunity for growth and personalization.

Investment Analysis

(CR0 area)

Below Market Value

This property is priced -33.3% below area average per sq ft

-33.3%
Potential saving
This Property
£296/sq ft
Area Average
£444/sq ft
Avg Rent (weekly)
£378
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£511,124
10% above area average per sq ft
Potential ROI
+46.0%
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

Friends Road, 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
£1,136
Based on a loan of £232,500 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