£335,000
2 bed flat for saleCherry Orchard Road, Croydon CR0
2 beds
2 baths
Chain free
Leasehold
About this property
Balcony
Underground parking
A residents’ gym
Modern Fitted Kitchen
Lease 100+ Years Remaining
Available Chain Free
Rental Yield is between 5.4 - 6.6%
A well-presented two-bedroom, two-bathroom apartment in the popular Morello development, offered chain free with a long lease of over 100 years.
The apartment comprises a spacious open plan living and dining area with access to a private balcony, a modern fitted kitchen with integrated appliances, two double bedrooms (one with en suite shower room), and a contemporary family bathroom.
Residents benefit from concierge service, a residents 2019; gym, landscaped communal gardens, secure underground parking, lift access, and bicycle storage.
Transport connections are excellent, with East Croydon Station just a short walk away. From here, there are fast services to London Bridge, London Victoria, Gatwick Airport and beyond, as well as direct London Overground links to Shoreditch and East London. Boxpark, local shops, cafés and amenities are also close by.
Lease & Costs:
• Lease: Over 100 years remaining
• Service Charge & Ground Rent: £3,000 per annum
Investment Note:
Currently let as individual rooms generating approx. £1,850 pcm, delivering a gross yield of 6.6%.
If rented as a single unit, the estimated rental income is approximately. £1,500 pcm (5.3% gross yield).
The apartment comprises a spacious open plan living and dining area with access to a private balcony, a modern fitted kitchen with integrated appliances, two double bedrooms (one with en suite shower room), and a contemporary family bathroom.
Residents benefit from concierge service, a residents 2019; gym, landscaped communal gardens, secure underground parking, lift access, and bicycle storage.
Transport connections are excellent, with East Croydon Station just a short walk away. From here, there are fast services to London Bridge, London Victoria, Gatwick Airport and beyond, as well as direct London Overground links to Shoreditch and East London. Boxpark, local shops, cafés and amenities are also close by.
Lease & Costs:
• Lease: Over 100 years remaining
• Service Charge & Ground Rent: £3,000 per annum
Investment Note:
Currently let as individual rooms generating approx. £1,850 pcm, delivering a gross yield of 6.6%.
If rented as a single unit, the estimated rental income is approximately. £1,500 pcm (5.3% gross yield).
More information
Tenure
Leasehold (100 years)
Service charge
Council tax band
Ground rent
£3,000
Ground rent date of next review
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