Croydon tops the list of first time buyer hot spots with some of the biggest growth levels for starter homes, thousands of new residential developments are also in the pipeline in an around Croydon with numbers reaching as high as 1000 new homes targeted to be built in year 2019! [source3]
With only around 60% of the new homes quota being built last year there is already a housing shortage in the area which will only help to drive prices even further still.
High yield buy to let opportunity in London, the Hermitage Residence is located close to excellent transport links and is within walking distance of the Westfield shopping centre in Croydon.
Hermitage Residence apartments is a key ready and tenanted studio apartments offering 7% Gross per year rental assured. Located in a fast up and coming area of Croydon these apartments offer a great investment opportunity for both instant rental income and capital appreciation.
A total of nine renovated and furnished studio apartments are available, starting at just 170,000 GBP.
Croydon is one of the fastest growing areas of London and is currently undergoing regeneration in many parts. This is just one of many reasons making this vibrant suburb of London an investment hotspot.
Industry – Home to 12,000 businesses including BT, Goldman Sachs, and Barclays Capital.
Regeneration – 5 billion GBP of investment, including a new Westfield shopping mall, set to transform the town centre.
People – 29.9% population growth forecast between 2011 and 2021.
Demand – Housing completions in 2014 met only 68% of the council’s annual target.
Value – Croydon prices are on average 60% lower than central London.
Uplift – Average Croydon property value up 18.3% in the year to August 2016.
What is the purchase process for Hermitage Residence?
I am looking for Migration services as well. Will AJ Homes provide one?
If you are planning to visit, reside or extend your stay in the UK, our specialist advisors, are also qualified as immigration providers are here to help you and your family with our specialist immigration advisory service. Our expert immigration providers can provide advice, practical assistance and professional representation to guide you through the application and decision-making process from start to finish.
Our expert advisors often have more hands on experience of immigration and asylum cases than even the UK’s most highly qualified immigration solicitors, and can offer advice and assistance in applications to stay in the UK.
AJ strives to be an international boutique developer recognised for its innovation and providing holistic services to its buyers with comprehensive hassle free products and services that add values to its buyers in their investment
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source1: http://www.cityam.com/248367/london-areas-dominate-list-fastest-growing-economies
source2: https://www.standard.co.uk/news/london/housing-crisis-sends-property-prices-in-londons-suburbs-soaring-to-record-level-a3168146.html
source3: https://www.croydon.gov.uk/planningandregeneration/framework/lpevidence/homes/needfor-homes