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Croydon is the most southerly borough in London, as well as the largest in terms of population. The area is currently undergoing a large regeneration process which is predicted to attract more businesses and tourism. Croydon really is one of those ‘up and coming’ places within London, but if you are looking to move from the borough, what can you expect when selling your home?
Looking to sell your Croydon home?
Property in Croydon is generally a lot more affordable than most of London, with the average property selling for around £432,467.
Detached properties are the most expensive for buyers in the area – depending on the number of bedrooms, you could be looking at achieving an asking price of around £803,618 in the Borough of Croydon.
Flats are the least expensive, but due to an increasing demand, prices have risen by 18% in the last year alone. A flat in the borough of Croydon will go for £325,073 on average.
Looking to rent your home in Croydon?
You may be wanting to move from Croydon, but what can you expect when putting your property on the rental market? Property will generally help you achieve a monthly rental income of £1,200 PCM in Croydon. This rental income will depend on the type of property you are offering.
Depending on the property type, you can expect a rental income of:
Buyer demographic in Croydon
Croydon is a popular destination for young families and married couples, with the average age of the area at 36 years old. The London Borough of Croydon is a fairly diverse location, and so you can expect interest from a whole range of different ethnicities when advertising your home.
Property in Croydon generally sells quite quickly in comparison to the rest of London. On average, you can expect your home’s selling process to be completed within 61 days of first being advertised.
Terraced homes are highest in demand for the area and will be snapped up within 49 days, while detached properties may take a little longer, at around 73 days on average.
Similar locations to Croydon
Croydon is undergoing a mass amount of regeneration across the borough which is having a great effect on property prices. The borough is well connected with the underground, as well as overground and tramlink services.
Comparemymove.com is the best start to planning any move, whether you are relocating within London, the UK or further afield. Get free quotes from Comparemymove.com and save up to 70% off your Croydon removals.
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