Outram Road, Croydon, Lower Addiscombe, Croydon CR0

This property presents a notable investment opportunity with two substantial freehold buildings located on a tranquil residential street in the desirable area of Lower Addiscombe, Croydon. Spanning an impressive 5,206 sq ft, the buildings are currently configured as eight one-bedroom self-contained apartments, each fully let under assured shorthold tenancies (ASTs), generating an annual rental income of £91,200. With a current estimated rental value (ERV) of approximately £132,000, there is significant potential for increased revenue through strategic enhancements or adjustments to the existing layout. The property is situated on a notably large plot, offering ample opportunities for development or reconfiguration—subject to necessary planning permissions. Investors can consider various avenues such as extending the current units or even redeveloping the site entirely. Lower Addiscombe stands out not just for its quiet residential atmosphere but also for its excellent transport links and proximity to local amenities and green spaces. This combination makes it a popular choice among renters and homeowners alike, enhancing its long-term investment appeal. Whether you are looking to maximize your return on investment or create a tailored living space, this property serves as an ideal foundation for future growth.