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Elgin Road, Croydon, CR0

South East

£525,000
Listed on 26/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1195 sqft

Description

This three-bedroom terraced property on Elgin Road presents a unique opportunity for both first-time buyers and investors looking to enhance their real estate portfolio. Having been cared for by the same family for over four decades, this home combines character with considerable renovation potential. The spacious interiors are defined by high ceilings and an open-plan kitchen that serves as a welcoming gathering space, ideal for modern living. The main reception room offers a cozy retreat, while the two generous double bedrooms upstairs benefit from natural light through stylish bay windows. A third room provides flexibility as a nursery or home office. The bathroom stands out due to its size, providing ample opportunity for updates, such as adding a separate shower unit. Additionally, the loft space holds significant promise for future development into an extra bedroom with an ensuite (subject to planning permissions). Outside, the manageable garden features artificial grass and has been enjoyed with a hot tub during warmer months, while the front drive includes two private parking spots — a notable benefit in this area. Situated within walking distance of Addiscombe High Street and top-rated schools, alongside convenient transport options including bus routes and tram services, this property not only offers comfort but also great potential for value appreciation through thoughtful renovations.

Investment Analysis

(CR0 area)

Below Market Value

This property is priced -1.0% below area average per sq ft

-1.0%
Potential saving
This Property
£439/sq ft
Area Average
£444/sq ft
Avg Rent (weekly)
£378
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£583,441
10% above area average per sq ft
Potential ROI
+3.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
125
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (CR0)

Area prices are rising by +4.3% over the last 12 months
3 year growth: +2.4%
5 year growth: +5.7%
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

Elgin Road, Croydon, CR0
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,893
Based on a loan of £393,750 over 30 years at 4.06% 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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