City A.M has synthesised data and predictions from some of London’s biggest estate agents to identify the top London hotspots – and – guess what – Croydon is one of them.
According to Savills, the average asking price in Croydon is now £353,987, while CBRE recorded price growth of 17% in 2016. CBRE’s Borough by Borough report revealed that Croydon experienced the highest rental growth in London, yet with average rents of £1,254 pcm, the borough remains significantly lower than the London average and the 6th most affordable in the capital. All this makes Croydon a prime target for buy-to-let investors.
At Inspired, we maximise every square inch of floorspace to create homes that are affordable to young professionals, yet offer a high specification featuring engineered hardwood flooring, Smart thermostats by NEST, 1 Gig hyperoptic broadband, Bosch kitchen appliances, granite worktops and Villeroy & Boch bathrooms – adding to their appeal to tenants. Our micro living model, which enhances rental per square foot and minimises service charges, means we often achieve yields in excess of 5% gross and 3% net, inclusive of lettings and management, which we offer in-house through Inspired London.
Prices at our Croydon developments start at £292,950. Call the sales team on 0208 688 6552 to enquire or visit www.inspiredhomes.uk.com for more information.
Click HERE to read City A.M’s analysis and to find out about the other hotspots.