Is Croydon a good place to invest?

Croydon was known for many years as being a concrete jungle. But modern Croydon is changing fast. It’s reinventing itself as a new, ambitious, vibrant part of London. One thing that hasn’t changed though is that Croydon is one of the cheapest parts of London for property investors, offering excellent value for money.

Are house prices falling in Croydon?

According to sales data compiled by the online property website Rightmove, the average house price in Croydon reached £420,256 in 2020, with Croydon semis fetching an average £515,012. Flats sold for an average of £307,111.

Is Croydon in London help to buy?

For first time buyers who believe that purchasing their own home is out of reach, Help to Buy homes in Croydon can help them take those vital first steps onto the London property ladder. With recent and future development, Croydon is an exciting place to live.

Is Croydon a good place to live?

The area sits just 11 miles from London Charing Cross, meaning the centre of the capital is within arms distance! The regions excellent commuter links to London coupled with more moderately priced properties than other locations in the capital means that living in Croydon as a great option.

Is Croydon being gentrified?

Croydon is apparently only the 30th most gentrified borough in London. The same Croydon that has a Boxpark, is home to arts and creative hub Matthews Yard, is getting a gleaming new Westfield, and has a great throbbing pink hard-on for gentrification towering over it, in the form of Saffron Tower.

Are London house prices rising or falling?

House prices have risen by 343% since 1996 London takes the top spot as the region with the biggest increase, with a house price difference of £413,548, leaping from £78,139 in 1996 to £491,687 in 2021. The East of England takes second place, with a percentage difference of 455 per cent over the 25 year period.

What is Help to Buy scheme London?

Currently Help to Buy in London offers equity loans to buyers looking to purchase a new build home with a purchase price up to £600,000. Borrowers benefit from not paying any interest on this loan for the first five years.

How can I get help to buy?

To qualify for London Help to Buy, you need to:

  1. Be a first-time buyer (i.e. you must never have owned a property before)
  2. Be buying a new-build home worth £600,000 or less.
  3. Have a deposit of at least 5%
  4. Not let out the property or use it as a second/holiday home.

Is Croydon Safe 2020?

Croydon has been the most violent borough considerably this year with 1,617 violent crimes reported. The second most common crime in the area has been vehicle offences with 682 incidents. Croydon was the second most dangerous borough in London in 2020.

Is Shirley Croydon a nice place to live?

Shirley is a wonderful place for families, with lots of 1930s detached and semi-detached properties, plus a selection of more modern homes situated in Shirley Oaks Village and the award winning private Lawdon development.