I received a very interesting letter the other day from a Croydon resident. He declared he was a Croydon homeowner, retired and mortgage free. He stated how unaffordable Croydon’s rising property prices were and that he worried how the younger generation of Croydon could ever afford to buy? He went on to ask if it […]
31.5 miles – The average distance people go to escape living in Croydon
“How far do Croydon people go to move to a new house?” This was an intriguing question asked by one of my clients the other week. Readers of my property blog will know I love a challenge, especially when it comes to talking about the Croydon Property Market! For the majority, the response is not […]
1 in 4 Croydon Properties are Leasehold
There are 23.36 million properties in England and Wales with 64% being owner occupied and 36% being rented either from a private landlord, local authority or housing association. Over nine out of ten of those English and Welsh owner-occupied properties are a whole house or bungalow. Now, most people would assume they would be freehold […]
6.25% Yield Investment Property in Croydon
Earlier this week a landlord came into the office after reading my blog with an investment property to Let. He has been searching for properties over 5% yield, and was convinced that there are no more available. Well, after a very quick search I found one that, if the Agent has calculated correctly, should show […]
Should the 33,217 home owning OAP’s of Croydon be forced to downsize?
This was a question posed to me on social media a few weeks ago, after an interesting discussion with some clients about our mature members of Croydon society and the fact many retirees feel trapped in their homes. After working hard for many years and buying a home for themselves and their family, the children […]