Project's Overview

Nestled directly opposite East Croydon Station in the heart of Croydon, London CR9, this prime development site offers unparalleled connectivity. East Croydon Station provides swift access to London Victoria in just 16 minutes and quick links to London Gatwick Airport, making it ideal for commuters and residents seeking proximity to Central London. Croydon’s ongoing regeneration, including the £1.4 billion Westfield shopping centre and major infrastructure upgrades around the station, positions this location for significant value uplift in the coming years.

The property comprises a 7-storey Class E office building totaling 81,546 sq ft (7,576 sq m) GIA on a 0.59-acre site, complete with 16 car parking spaces directly in front of the main entrance. Granted permitted development rights in March 2025, the consented scheme allows conversion to 132 residential units (C3 use): 112 studios and 20 one-bedroom apartments, delivering a net internal area of 59,045 sq ft. This represents a low capital value of £135 psf, offering strong immediate returns.

Investors can reconfigure the studios into one-bedroom apartments to optimize rental yields, or explore alternative uses such as build-to-rent, co-living, hotel, or education facilities. Stitch Architects’ indicative feasibility studies highlight potential for enhanced upwards extensions and new build schemes, given the site’s allocation for residential development, unlocking further value creation opportunities.

Croydon’s transformation into a vibrant urban hub, bolstered by projects like the Croydon Growth Zone and Fairfield regeneration, will drive demand for high-quality housing. With excellent transport links and proximity to employment centres, this asset promises robust capital appreciation and rental income growth.

Offered freehold in excess of £8,000,000 at £98.10 psf, this is a compelling investment with secured planning permissions minimizing risk and accelerating delivery.

🪙 The Croydon Growth Zone, covering the East Croydon area including Altyre Road, offers 100% business rates relief for five years on new developments, spurring commercial and residential investments that enhance property values and market liquidity through accelerated urban growth.
🪙 The £42 million refurbishment of Fairfield Halls, Croydon's key cultural venue near East Croydon, completed in 2023, continues to draw events and visitors, increasing footfall and town centre desirability to support rising residential property values.
🪙 The Promise, a 54-storey residential tower with 679 apartments approved in 2023 on Scarbrook Road adjacent to East Croydon Station, is under construction with completion expected by 2028, injecting premium housing supply and signaling strong investor confidence for value uplift nearby.
🪙 Approval of the Croydon Vocational Education Academy (CVEA), a new multi-storey education facility on Factory Lane near East Croydon Station granted in 2023 with construction starting in 2025, will attract students and staff, boosting local demand for housing and enhancing rental yields.
🪙 Ongoing Croydon town centre regeneration under the Croydon Partnership, including mixed-use developments around the station area valued at over £1 billion, aims to deliver retail, offices, and homes by 2030, driving significant capital appreciation through improved amenities and connectivity.
🪙 Public realm enhancements and gateway improvements around East Croydon Station, part of Croydon Council's 2024-2030 strategy, include better pedestrian links and green spaces, expected to increase commuter appeal and property desirability in the coming years.
🪙 Gatwick Airport's ongoing capacity enhancements and faster train links from East Croydon (under 15 minutes), with service upgrades through 2025-2030, improve regional connectivity, attracting professionals and supporting robust rental and capital growth for nearby residential assets.
Show on MapRequest ROI calculation