Croydon Area Guide

The second largest of London’s boroughs, Croydon offers affordable housing with good transport links into the centre of London and out to nearby Surrey and the South Coast. The attractive house prices make this exciting South London borough a great choice for families.

 

The second largest of London’s boroughs, Croydon offers affordable housing with good transport links into the centre of London and out to nearby Surrey and the South Coast. The attractive house prices make this exciting South London borough a great choice for families.

Property market

£397k Average house price
£1,300 Average Rent, 2 Bed
5% Average yield
8% Price growth over last 5 years
22% Price growth 5-years forecast
13% Rental growth over last 5 years
16% Rental growth 5-years forecast

Lifestyle

21 Number of ‘Outstanding’ primary schools
6 Number of ‘Outstanding’ secondary schools
395 Restaurants and cafes
1275 Number of shops
32% Proportion of open space
42 Number of stations
2 PTAL (Public Transport Accessibility Level)

The Boxpark development – with its bars, restaurants, and event spaces - has redefined the town centre making it a hotspot for foodies, drawing attention from across the capital.  The wider Croydon area offers some of the biggest names in leisure and retail as well as a large number of businesses enjoying the new office spaces, fantastic transport links, and local talent.

The area is well connected with fast overground trains in from East Croydon to both London Bridge, and Victoria, making this a popular destination for those looking to live away from the more expensive inner-city boroughs. And with easy access to Gatwick Airport, Croydon is also very attractive to those with busy international travel schedules. Being only 30 minutes from central London - and home to an impressive 42 rail and tram links for residents and commuters to choose from - this vibrant, bustling town offers all the benefits of living in London without the high costs.

 

Insights

 

  • Average house price 23% below London average
  • Average rent for a 2-bed flat is 27% lower than the London average
  • House price growth over the last 5 years was 8%, lower than London at 10%. However, over the next 5 years, house price growth is expected to be 22%, higher than London at 19%
  • Average asking rents grew 13% over the last 5 years, lower than London at 14%
  • Average rents are predicted to grow by 16% over the next 5 years, higher than London at 14%

London's first airport (now defunct) was the Croydon Aerodrome, constructed in 1915.

It’s great living in Croydon; with excellent National Rail links it's less than 30 minutes away from London Bridge or Victoria. I enjoy spending time in East Croydon which has become newly trendy, with Boxpark offering a large choice of places to dine and drink. Croydon centre is also great for shopping with lots of big name retailers and a farmers' market every weekend.

London boroughs

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Disclaimers

 

  • Average 2-bed yield is calculated by REalyse using median 2-bed asking rent and median 2-bed sales prices.  
  • Rental growth over the last five years is for all property (not 2-beds).
  • All data is the latest available as of January 2022.
  • PTAL – Transport for London's (TFL) Public Transport Accessibility Levels (PTALs) are a detailed and accurate measure of the accessibility of a point to the public transport network, taking into account walk access time and service availability. Each area is graded between 0 and 6b, where a score of 0 is very poor access to public transport, and 6b is excellent access to public transport.

 

Sources

 

  • Average Price – ONS, October 2021
  • Asking rent – Realyse, December 2021
  • Yield – Realyse, December 2021
  • House price and rental forecasts – CBRE Research - Read our five-year forecast 
  • Outstanding primary and secondary schools – OFSTED (December 2021)
  • Number of cafes and restaurants – ONS (2020)
  • Number of shops – ONS (2021)
  • Open space – GiGL (2015)
  • Number of stations – TfL (2015)
  • PTAL – TfL (2015)