A modern refurbished tower only minutes from East Croydon rail station and the £1 billion future Westfield shopping mall, Lansdowne Terrace is perfectly placed to benefit from Croydon’s revival. Comprising of 70 one bedroom and 28 two bedroom apartments, the new Lansdowne Terrace development is scheduled to complete in Q1 2017.
Landowne Terrace - Opportunity For Capital Appreciation
- 10 year house price growth of 63% (2005 and 2015)
- Average house price of £354,595 by Nov 2015.
- Year-on-year growth of 11.1% Q3 2014-2015.
Lansdowne Terrace - Investment Highlights
- Modern tower refurbishment in the heart of Croydon
- Selection of spacious 1/2-bed apartments
- Just a short walk from the new £1 billion Westfield leisure and retail hub
- Only 2 minutes’ walk to East Croydon station
- London Bridge in 18 minutes
- London Victoria in 19 minutes
- Gatwick Airport in 14 minutes
- Sizes from 424 to 783 square feet
- Estimated completion Q1 2017
- Up to 70% LTV available
- Projected rental yields of up to 4.69%
- Average price of GBP610 per square foot
- Parking spaces available at £25,000
- Starting from £256,000
Croydon has developed into one of London’s most exciting growth zones, with new residents being attracted in increasing numbers due to the lifestyle benefits and significant value available compared to other parts of the city.
Why Invest In Croydon, London?
Regeneration: GBP3.5 billion of investment, including a new Westfield shopping mall, set to transform the town centre
Industry: home to 12,000 businesses including BT, Goldman Sachs and Barclays Capital
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 11.1% in the year to Q3 2015
Croydon is also well-connected, with integrated rail, tram and bus services providing quick access to London, Brighton and the south of England. The main rail hub at East Croydon is outer London’s busiest national rail station with trains during rush hour every 5 minutes to London Bridge (18 mins), London Victoria (19 mins), and Brighton (42 mins). Gatwick, the UK’s second largest airport, is only 14 minutes by train from East Croydon, serving over 200 destinations across 90 counties for over 40 million passengers a year.
All these factors are attracting new residents at record rates. Central Croydon’s population alone is expected to grow by 20,000 between 2011 and 2020. Meanwhile across the borough new residents are forecast to take Croydon’s total population above 400,000 for the first time by 2021 – representing growth of 9.9% over just a decade.
In the face of this growing population, Croydon faces a considerable housing shortfall. The local council believes they need 1,900 new homes per annum to 2017/2018 to catch up with the shortfall, however this appears unlikely to be achieved with only 1,283 completions recorded in 2014.