8 bed property for sale

Outram Road, Croydon, Lower Addiscombe, Croydon CR0

Exceptional Investment Opportunity. Two substantial freehold buildings on a quiet residential road in Lower Addiscombe, Croydon. Configured as 8 x one-bedroom apartments, fully let on ASTs. Development potential.

Located on a peaceful residential street in sought-after Lower Addiscombe, these two impressive 5,206 sq ft freehold buildings present a rare and versatile investment opportunity. Currently arranged as eight self-contained one-bedroom apartments, all let on assured shorthold tenancies (ASTs), the property generates an annual rental income of £91,200, this can be vastly improved upon and we believe there is an estimated rental value (erv) of approximately £132,000. Set on a notably large plot, the building offers significant scope for further development or reconfiguration, subject to planning consent. Whether you're looking to enhance the existing layout, explore extension potential, or redevelop entirely, this property provides a compelling canvas for capital growth.

Lower Addiscombe is a well-connected and desirable area of Croydon, popular with renters and homeowners alike, with excellent transport links, local amenities, and green spaces nearby.

Please use the reference PTNY6207270 when contacting Foxtons.