2 bed flat for sale

Cherry Orchard Road, Croydon CR0

A well-presented two-bedroom, two-bathroom apartment in the popular Morello development, offered chain-free with a long lease of over 900 years.

The apartment comprises a spacious open-plan living area with access to a private balcony, a modern fitted kitchen with integrated appliances, two double bedrooms (one with an en suite shower room), and a contemporary family bathroom.

Residents benefit from a concierge service, a residents’ on-site gym, landscaped communal gardens, secure underground parking, lift access, and bicycle storage.

Transport connections are excellent, with East Croydon Station just a short walk away. From here, there are fast services to London Bridge, London Victoria, Gatwick Airport and beyond, as well as direct London Overground links to Shoreditch and East London. Boxpark, local shops, cafés and amenities are also close by.

Investment Note:

Currently, generating approx. £1,850 pcm, delivering a gross yield of 6.6%. (month-by-month tenancy)

The estimated average rental income is approximately £1,500 pcm (5.3% gross yield).

Auctioneers Comments:

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to complete within 56 days (the "Reservation Period"). Interested parties' personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack, which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price, including VAT, subject to a minimum of £6,600.00, including VAT. This is paid to reserve the property for the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer, in which case they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.