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Which areas of Croydon have the best balance of affordability but good income/high rents?

Croydon is famous for its central bustling, sky-scraper lined streets but many landlords seeking competitively-priced property AND top-end rents generally look to its surrounding suburbs for good returns on investment.

This is partly down to transport links. Outer Croydon is peppered with train and tram stops particularly in its northern, southern and western reaches, although in greener areas to the east, less so.

Here we explore some of the different kinds of areas that surround central Croydon from tightly-packed urban streets to leafy suburbs to see which offer the best potential return on investment (ROI) for buy-to-let investors looking for apartments, based on Rightmove figures.

Addington

Where: Near Addington Park and golf club, east of central Croydon.
Average price: £254,900
Average rent: £900pcm
ROI: 4.23% gross per annum

Addiscombe

Where: east of central Croydon but not far out enough to be suburban.
Average price: £344,600
Average rent: £1,100pcm
ROI: 3.83% gross per annum

Purley

Where: 3.5 miles directly south of Croydon.
Average price for an apartment: £292,400
Average rent: £1,150pcm
ROI: 4.7% gross per annum

Selhurst

Where: Half a mile north of central Croydon.
Average price: £260,900
Average rent: £1,000
ROI: 4.59% gross per annum

Selsdon

Where: West Croydon, 3.5 miles from centre.
Average price: £254,200
Average rent: £875pcm
ROI: 4.13% gross per annum

South Croydon

Where: Area directly below centre well known for its strip of restaurants.
Average price: £280,900
Average rent: £1,100
ROI: 4.7% gross per annum

South Norwood

Where: two miles north of centre, near Crystal Palace FC
Average price: £270,500
Average rent: £1,050pcm
ROI: 4.65% gross per annum

Wallington

Where: four miles west of the centre.
Average price: £264,400
Average rent: £1,000pcm
ROI: 4.53% gross per annum

These figures are averages, of course, but we hope they give you a good steer if you’re looking for some of the more interesting opportunities near Croydon.

Overall the London Borough of Croydon enjoys a price per sq ft that is approaching half that of the Greater London, and that its two-bedroom apartments offer the best returns at 4.3% average annual ROI.