LETTING & ESTATE AGENT

Following the government’s update on 13th May 2020 regarding home moving in England during the Covid-19 outbreak, we are pleased to announce our branches in England will start re-opening their doors for booked appointments over the coming weeks. Health and safety remains our main priority, and a number of strict measures will be put in place to protect our staff and customers. Our offices in Scotland and Wales will continue to support customers from home. Visit our branch page to find contact details for your local office.

Value Croydon

Value Croydon

Croydon has been named as one of the least expensive London boroughs in which to rent a property, on average, according to figures released by tenant referencing company Homelet (Homelet Rental Index Jan.14 - Feb. 15).  Croydon came second to Havering, which is the cheapest London borough. The neighbouring borough of Sutton was fourth cheapest, while Kensington & Chelsea unsurprisingly took the title of most expensive. 

Croydon was also revealed to be the most populous borough - with 372,752 residents.

Commenting on the statistics Peter Brown, Director of Martin & Co Croydon, said “Croydon's popularity has previously been due to its combination of fantastic transport links into and out of London and its relative affordability, making it a cheaper place to rent or buy.

"Compared with other areas within a 15 -20 minute commute of Central London, Croydon remains great value.  Landlords have also been able to receive returns of 6% plus, making it an excellent place to invest."

Things are changing, however, with a tremendous amount of investment - including a proposed new Westfield Shopping Centre . the town has been tipped as a property hot-spot. According to Zoopla, sales values rose by 13% last year. Whilst there are still cheaper properties, 1-bedroom flats in some of the newest development areas have been achieving rents of around £1200pcm.  Return rates for investors remain high, and the chances of further capital growth for property owners will increase as the area continues its growth.