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See how verdicts work3-bedroom detached house · CR0 2XU
For saleListed 27 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A unique residential & commercial opportunity with potential.
This unusual and highly versatile property offers a rare combination of residential accommodation, substantial commercial/workshop space and potential for future redevelopment, subject to the necessary planning consents.
Originally arranged as a three-bedroom residential house, the property has in recent years been utilised by a business and now presents an excellent opportunity for a purchaser looking to restore the residential element, continue a commercial use, or explore alternative uses and redevelopment potential.
To the rear is a particularly substantial workshop, which has historically been operated as a car repair business.
The size and nature of this space provide considerable flexibility and could appeal to a variety of commercial users, subject to any necessary consents.
The property also benefits from a large rear yard, currently providing useful external space but offering the potential to be transformed into an attractive private garden or landscaped amenity area.
The combination of the existing building, substantial rear workshop and generous outside space makes this a property with considerable scope for improvement and reconfiguration.
This is an opportunity likely to appeal to developers, investors, owner-occupiers and commercial operators seeking a property with genuine scope to add value and create something tailored to their individual requirements.
Location The property is peacefully situated on Union Road in Croydon, which provides easy access to the area's extensive range of shops, restaurants and amenities, together with excellent road and public transport connections.
Transport Links For the commuter, East Croydon mainline station is within one mile, offering regular rail services to London Victoria, London Bridge, Clapham Junction, Gatwick Airport, and many other destinations too.
Within around half a mile, at West Croydon Station you will find rail services including the Overground [Windrush Line], providing regular services linking to the DLR and Jubilee lines, as well as many other stations.
The Croydon Tram Link is accessed at West and East Croydon stations, and provides links to Beckenham, Wimbledon, Central Croydon, and many more.
Bus routes are closer still on St James Road and Whitehorse Road.
The Residential House Ground Floor Main Room 7.07m (23'2") x 4.74m (15'7") Kitchen 3.36m (11') x 2.83m (9'3") Bathroom 2.89m (9'6") max x 1.83m (6') First Floor Main Room 7.08m (23'3") x 4.74m (15'7") [Formally two bedrooms] First Floor Back Room 3.35m (11') x 2.83m (9'3") [Formally bedroom 3] Externally Workshop 13.75m (45'1") max x 7.73m (25'4") max Yard (15m x 8m) The paved yard space provides useful outdoor space and has the potential to be a pleasant garden for the residential house.
Parking - Off Street Off-street parking is available in the yard, accessed via the vehicular gates to the side, as well as space for several vehicles in the workshop at the rear of the yeard.
There is also space for a standard-sized vehicle at the front.
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
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
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.
Area
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FAQ
About 23 Union Road, Croydon
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