29 bed block of flats for sale

Scarbrook Road, Croydon CR0

Freehold investment | 15 apartments | £350,100 pa income | east croydon

The Investment

Boulevard Point is a contemporary purpose-built residential development at 15 Scarbrook Road, CR0 1SQ, offered for sale in its entirety as a single freehold investment. The building comprises 15 fully tenanted apartments across floors three to ten, generating a total gross rental income of £350,100 per annum (£29,175 pcm), reflecting a gross yield of approximately 5.0% and a net yield of approximately 4.3% at the asking price of £7,050,000.

Net income after management fees runs at £25,324 pcm (£303,888 per annum). All 15 remaining apartments are occupied, providing an investor with immediate, stabilised income from completion.

The Building

Apartments span floors three to ten with many enjoying far-reaching skyline views across South London. The unit mix comprises 8 one-bedroom and 7 three-bedroom apartments, with individual sale values of £375,000 for a one-bedroom and £550,000 for a three-bedroom unit. The building offers a clear exit strategy through phased individual sales at a premium to the bulk acquisition price.

All apartments are finished to a high specification throughout, including Cashmere global quartz worktops, Bosch integrated appliances (oven, hob, extractor, microwave), Indesit dishwasher and fridge/freezer, white polished marble bathroom tiling, underfloor heating with Linastat thermostat controls, and screwless brushed steel usb sockets throughout. Each apartment benefits from a private balcony or terrace and floor-to-ceiling windows. Communal areas feature a stainless steel finished lift, ceramic-tiled lobby and a secure video entry system throughout.

The Location

Boulevard Point occupies a quiet residential address on Scarbrook Road, a short walk from East Croydon station — one of Britain's busiest mainline stations and the principal transport hub for South London and the south coast. From East Croydon, London Bridge is reached in 13 minutes, London Victoria in 16 minutes and Gatwick Airport in 15 minutes. Farringdon (for Crossrail/Elizabeth Line connections) is 25 minutes, and St Pancras International 29 minutes.

Croydon town centre, with its two major retail hubs, Boxpark, the South End restaurant quarter and the refurbished Fairfield Halls cultural venue, is all within easy walking distance. Several Outstanding and Good Ofsted-rated schools are within a mile of the building, and Wandle Park and Park Hill Park are both a 10-minute walk.

The Opportunity

Croydon is one of South London's most active regeneration stories, with sustained investment in retail, culture, education and public realm continuing to drive rental demand and capital values. For an investor seeking a scale freehold asset with strong, diversified income across 15 units, immediate occupancy and a clear disposal strategy, Boulevard Point is a compelling opportunity in one of London's most well-connected commuter towns.

Financial Summary

Asking Price: £7,050,000
Gross Annual Income: £350,100 p.a.
Gross Monthly Income: £29,175 pcm
Net Annual Income: £303,888 p.a.
Net Monthly Income: £25,324 pcm
Gross Yield: ~5.0%
Net Yield: ~4.3%
Total Units: 15

Unit Mix
8 x 1-bed, 7 x 3-bed

Tenure: Leasehold units with Freehold being sold as well.

Full tenancy schedule, floor plans and specification available upon request. Viewings strictly by appointment only.