2-bedroom flat · CR0 7EX
For saleListed 118 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Within the highly regarded Mildred Court retirement development, this second [top] floor apartment is bright and spacious throughout, facing the front of the block and offering pleasant, leafy outlooks.
The property features a 26’ lounge/diner complete with a Juliette balcony and provides a perfect place for relaxing and entertaining guests.
There are two double bedrooms, a spacious entrance hall, and a large shower room. The generously proportioned interior of this apartment needs to be seen to be fully appreciated.
With cupboards in the hallway and wardrobes in bedroom one, it is safe to say that there is ample storage space, and the property is offered chain free for a hassle-free transaction.
Location Mildred Court is conveniently situated in the highly regarded Addiscombe/Shirley Park area on Bingham Road, which is a really popular tree-lined residential road conveniently located for a wealth of amenities.
Addiscombe tram stop is within 0.2 of a mile [it's approx 4 minutes on the tram to East Croydon and you can be at London Bridge and London Victoria in 16 minutes].
Local shops, supermarkets, cafes, and bus routes are within a few hundred yards, as is the delightful Addiscombe recreation ground.
For full directions, please see the map or contact Allen Heritage Estate Agents in Shirley.
Communal Areas Mildred Court has the feel of a posh hotel, with bright and well-decorated hallways and stairwells. There is a passenger lift in the block, superbly kept communal gardens.
There is a friendly community within Mildred Court, and events such as coffee mornings and the like take place regularly, where new residents are always welcome to join in should they desire.
On-Site Facilities There is a large, well-kept laundry room on the ground floor with many branded washing machines and tumble dryers, and space to air and iron clothes.
A small gym can also be found on the ground floor. Residents can hire a guest suite for when family and friends wish to stay over at a reasonable daily charge.
The house manager is present during part-time office hours. Tenure Information The following tenure details of this property have been supplied by the vendor; we have not seen the originals.
The flat has a long lease of in excess of 100 years, as a lease of 125 years was granted in 2006. The maintenance charge is approx £4,669 per annum, and the ground rent is £199.50 per half year.
The Accommodation Entrance Hall Lounge/Diner 7.99m (26'2") max x 3.43m (11'3") Kitchen 2.31m (7'7") x 2.16m (7'1") Bedroom 1 4.69m (15'5") x 2.99m (9'10") Bedroom 2 4.74m (15'6") max x 2.86m (9'4") max Shower Room 2.22m (7'3") x 1.97m (6'6") Communal Garden Beautiful, well-kept gardens surround this luxurious development featuring an array of mature trees and shrubs and colorful borders.
The delightful communal patio area is off the lounge and is ideal for gatherings in the summer months.
Parking - Secure Gated There is a gated car park for the residents of Mildred Court, and additional parking for guests and visitors.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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 Flat 37, Mildred Court, Croydon
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