Fifteen Lansdowne, Croydon, London is a contemporary refurbishment perfectly placed in the heart of Croydon’s transforming town centre. A selection of one and two bedroom apartments, each open-plan home includes spacious living spaces, with detailed specifications ensuring every modern day convenience is catered for.
- 98 1 and 2 bed apartments
- Estimated completion date – Q1 2017
- Lease Term 250 years
- Price range – £256,000 – £465,000
- Estimated Service Charge £1.95/per square ft
- Ground rent
- 1 bed – £325 pa
- 2 bed – £375 pa
- parking – £50 pa
- Forecasted annual house price growth of 6% pa
- Up to 70% LTV available
As London’s biggest borough, Croydon could be a city itself. With a growing economy and commercial sector, great transport links and a high standard of affordable living, it’s the perfect destination for young professionals. Major investment is set to further transform the area. Croydon Westfield will boost local employment and tempt further regeneration into what is quickly becoming London’s latest investment hotspot.
Numerous major regeneration schemes are transforming Croydon. Residents can loo forward to an enhanced public realm, new world class leisure and retail destinations, high quality housing, schools and a new and improved transport infrastructure. The Westfield and Hammerson Development will be completed in 2019. The £1 billion venture will create a state of the art retail and leisure destination.
Croydon is one of London’s most well-connected towns. Whether commuting for work or leisure, easy access to the bus, train and tram means residents can easily make the journey they desire. Used by 27 million passengers a year, East Croydon is Britain’s second busiest rail interchange, connecting into central London in 18 minutes and Gatwick Airport in just 14 minutes.
Local Croydon Schools offer great educational opportunities, with 30 primary, 8 secondary and 9 independent schools. Croydon College has 8,000 students. Croydon’s proximity to London also gives students access to some of the world’s top universities.
The Mayor’s Housing Strategy states that 42,000 new homes need to be constructed annually for the next 25 years to meet growing demand across Greater London. In Croydon alone the population is expected to reach 426,000 by 2031 – that’s an additional 35,000 people requiring housing over the next 20 years.
Demand and Supply
housing in the Borough represents good value measured against other areas of the Capital. With the regeneration boom, high levels of population growth are forecast.
With population pressure set to drive higher demand for property, the required new housing supply in the Borough is correspondingly high. However, the level of construction is Croydon still appears insufficient.
Like much of London, Croydon has seen house proces grow strongly over the past ten years. Prices have increased 63% between 2005 and 2015 to reach and average of £354,595.
Given central London’s high rents and growth in popularity, over the last five years rates in Croydon’s Rental Market have steadily increased.Register your interest
- 1 and 2 bed apartments
- Sale Price: £256,000 - £465,000
- Annual Maintenance Fee: £1.95 per square ft
- Availability: Opportunities available