1-bedroom flat · CR0 5LP
For saleListed 71 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Own 100% of your home for just £199,999. Create a My Pocket account to book in for a viewing!
All homes will benefit from access to a 9th floor landscaped Social Garden, 20th floor Nordic Garden and 21st floor Hidden Garden - all with fantastic views over south London - as well as a residents' lounge, a co-working space and a wellness room, all equipped with Hyperoptic Wi-Fi.
Addiscombe Grove CR0 is located just a two minute walk from East Croydon station, providing speedy transport links into central London as well as links across south London via the Tramlink service.
EPC: B rating Council tax: Band C Pocket homes at Addiscombe Grove are sold at a 20% discount to people who meet the following eligibility criteria: Buyers must live or work in London, have an annual income of no more than £90,000 and be a first time buyer.
When the time comes to resell, you will initially have to try to find a buyer who meets the eligibility criteria and subletting is only permitted in extenuating circumstances; see brochure for further details.
The reservation fee to secure a home is £500 which is fully refundable if the reservation is cancelled within 14 days of finalisation.
The home is ready to move into now and the period from reservation to completion usually takes two – three months.
Buyers should budget approximately £4,000 - £5,000 for the costs associated with buying a home.
This home is being sold by Pocket Living Addiscombe Grove Limited, Tower House, 10 Southampton St, WC2E 7HA. Images are of a typical Pocket home.
The method of construction is a modular built structure with a tiled facade.
The warranty provider is Premier Guarantee, and this provides a two-year defect liability period on the individual home, and 10 years on the structure of the building (until March 2033).
Addiscombe Grove is a car-free development (apart from with respect to two shared spaces for Blue Badge holders available on a first come first serve basis), and homeowners will not be granted a residents' permit.
A Heat Interface Unit (hiu) connected to a centralised boiler delivers heating and hot water; each resident will be billed according to their own controlled usage and cannot change gas suppliers.
For electricity, residents can change to a different supplier of their choosing, subject to availability.
Wiring for Sky+/Sky Q, BT telephone and BT Openreach Fibre is available, and residents will receive Hyperoptic Wi-Fi installed with a 3-month free service.
Buyers can change to a different supplier of their own choosing, subject to availability.
Mobile coverage varies by provider, for an indication of specific speeds and supply or coverage in the area, refer to the Ofcom's mobile and broadband checker.
These homes will come with a 125-year lease (from 2022) and a Residents’ Management Company (rmc) has been formed by the homeowners at Addiscombe Grove.
It is the intention that the freehold will be transferred to the rmc upon the sale of the last home.
The building is managed by a managing agent, and the service charge covers the cost of running the building. *Images are of a typical pocket home
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
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Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About Flat 64, Addiscombe Grove, Croydon
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