Block of flats for sale

Fernham Road, Thornton Heath CR7

Freehold Block of Three Flats – Fernham Road, Croydon (CR7)

This freehold block of three self-contained flats offers investors a strong 8.41% gross yield and reliable rental income in a well-connected South London location with consistently high tenant demand. Fully let and producing £3,645 pcm (£43,740 per annum), the property provides a stable, immediate return with scope for value enhancement.

The building comprises:

1 x Studio Flat

2 x One-Bedroom Flats

Each unit is self-contained, separately accessed, and suited to the strong rental market for affordable, compact accommodation in the area. EPC ratings range from D to E, with Council Tax Band B across the block. Interiors are rated Fair, offering potential for refurbishment-led uplift in both capital value and rental income.

Held on a freehold title (SGL517113), the property allows full control over the building, tenancy management, and future asset strategy. It spans approximately 269 sq ft per unit (varies slightly by flat) and has an EPC validity date to August 2030.

Fernham Road benefits from excellent access to:

Thornton Heath Station (fast routes to London Bridge and Victoria)

Local high street shops, supermarkets, cafés, and amenities

Bus routes into Croydon, Streatham, Norbury, Brixton, and Central London

Ongoing regeneration across the wider Croydon and South London corridor

This area remains highly popular with young professionals and key workers seeking well-connected, good-value rental options, ensuring low void periods and robust long-term demand.

With its freehold status, diversified rental income, and strong yield, this block presents a straightforward, high-performing multi-unit investment with future upside through redecoration or reconfiguration.