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 5000 new homes targeted to be built this year alone! 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.
Hermitage Residence offers a great investment without having to wait for any build or refurbishment times AND there are even tenants already in the property due to the locations high popularity resulting in an instant rental income!
As there are only nine units to choose from you need to act fast to secure one of these fantastic properties
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
The Hermitage Residence is located close to excellent transport links and is within walking distance of the Westfield shopping centre in Croydon.
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