1-bedroom flat · CR0 5SG
For saleListed 2 daysAuction 11 Nov · in 19 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price = £75,000+ **For Sale By Public Auction 11th November 2026 09:30 am.
To inspect the legal documents for this property go to our website to download the legal pack** A Vacant Second Floor One Bedroom Flat in Need of Modernisation Tenure Leasehold.
The property is held on a 125 year lease from 20th August 1980 (thus approximately 78 years unexpired ). Location The property is situated on a residential road close to local shops and amenities.
The open spaces of Lloyd Park are within easy reach. Transport links are provided by South Croydon rail station.
Description The property comprises a second floor one bedroom flat situated within a semi detached building arranged over ground and two upper floors.
Accommodation Second Floor Reception Room Kitchen Bedroom Bathroom Exterior The property benefits from allocated parking.
Further Information When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder.
This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension.
The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
EPC Rating D
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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
Agent & docs
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FAQ
About Flat 5, 62 Coombe Road, Croydon, Surrey, CR0 5SG
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