Croydon flats offer investment potential
Investors seeking flats for sale in Croydon can secure solid yields over 5% at Taylor Wimpey’s 793 London Road development.
The paltry return low interest rates deliver on hard-earned savings is ensuring Taylor Wimpey alternative to putting money can be a lucrative solution in South London.
The popular homebuilder has recently launched a brand new release of stylish apartments for those seeking new builds in Croydon at its sought-after 793 London Road development in property hotspot Thornton Heath.
This stunning collection of one and two-bedroom apartments is proving a big hit with investors due to the great-value prices, coupled with the buoyant rental market in the area. Indeed, one of the new release of flats to buy in Croydon was snapped up almost as soon as it went on sale.
Savvy investors can now reserve their choice of plots at 793 London Road, where a 5.2% to 5.6% rental yield for these new properties in Croydon can bring in big returns for landlords.
According to an independent local estate agent’s rental yield guide, a brand new one-bedroom apartment costing just £149,995 at 793 London Road can command £650pcm rent, delivering a 5.2% yield on the investment.**
A brand new two-bedroom property at 793 London Road, costing as little as £179,995 should attract £850pcm rent, delivering a 5.6% yield.**
But those seeking such a fantastic investment need to be quick off the mark, as there will only be six two-bedroom flats and just a pair of one-bedroom designs available to buy in this new phase of Taylor Wimpey properties for sale in Croydon.
Paula Carter, Regional Sales and Marketing Director for Taylor Wimpey, says: “These brand new apartments for sale in Croydon are fantastic value for money, and when you take into account the high rental yield they can achieve, they give a much better return than leaving money in the bank.
“And, of course, with property prices on the rise in the London Borough of Croydon*, purchasers can expect their investment to grow and grow.
“With prices this good, great-value properties at 793 London Road won’t be available for long – so investors will have to act quickly if they want to avoid missing out!”
The flats in Thornton Heath are ideally located in an area popular with a wide range of tenants, including city commuters, and are within easy reach of shops and restaurants, a new sports and leisure centre and Thornton Heath railway station, which puts London Victoria only 25 minutes away.
Croydon town centre is just two miles from the new homes, providing an excellent array of trendy bars and places to eat, a wealth of shops and leisure facilities including the Centrale shopping centre, the Clocktower theatre, Croydon Sports Arena and a choice of cinemas and dance venues.
To find out more about investment properties in Croydon, the Sales Centre at 793 London Road is open Friday to Monday from 11am to 6pm and from 12pm to 7pm on Thursdays.
* According to the Nationwide Building Society’s House Price Index, published on June 30, 2010, house prices in the London Borough of Croydon rose by 8% in the second quarter of the year (April to June 2010).
** Suggested rental figures and rental yields provided by Barnard Marcus Estate Agents.
