As property prices in London continue to sit around the £440,000 for first time buyers, when a property enters the housing market at under £200,000 in one of the up and coming boroughs around the capital, it might just feel like a catch.
However with a bit of love and elbow grease, this recent property available in Croydon, South London could very well be the perfect entry level property for first time buyers, especially for those needing to commute into the city centre during the hustle and bustle of rush hour.
Barnard Marcus has listed a property through Zoopla that fits that description: a studio house situated on Courtney Road, currently listed for £180,000. This one floor property has a separate bedroom, bathroom and kitchen/reception area allowing new buyers the comfort of a private space when entertaining company.
In the listing from the estate agent’s Croydon branch, they describe the listing as “a newly decorated first floor flat offering an open plan kitchen lounge, a large double bedroom & white bathroom suite. Benefits include a garage and further off street parking, a communal garden with access to the side, and is offered to the market with no chain and a share of the freehold.”
The property is situated within the B Council Tax band in South London, with access to Waddon and West Croydon train stations less than one mile away, and two schools, St Andrew’s CofE School and The Minster Junior School under half a mile.
Enquiries regarding the property at Courtney Road in Croydon can be made through Barnard Marcus - Croydon on 020 3551 2832 or by emailing the agent through the listing on Zoopla.
How much would a mortgage cost for this studio property in Croydon?
According to NatWest’s mortgage calculator, a mortgage for this property over a 25 year repayment term and a 10% deposit of £18,000 would equate to a monthly mortgage payment of £1,093 per month (with interest rates currently at 6.5%)
Property summary
Where: Courtney Road, London Price: £180,000 Agent: Barnard Marcus Croydon Contact: 020 3551 2832
1. The kitchen/reception area of the Courtney Road, Croydon property currently on the market (as of November 14 2022)
The kitchen/reception area of the Courtney Road, Croydon property currently on the market (as of November 14 2022)
2. The kitchen/reception area of the Courtney Road, Croydon property currently on the market (as of November 14 2022)
Another angle of the kitchen/reception area of the Courtney Road, Croydon property currently on the market (as of November 14 2022)
3. The bedroom area of the Courtney Road, Croydon property currently on the market (as of November 14 2022)
The bedroom area of the Courtney Road, Croydon property currently on the market (as of November 14 2022)
4. The bathroom of the Courtney Road, Croydon property currently on the market (as of November 14 2022)
The bathroom of the Courtney Road, Croydon property currently on the market (as of November 14 2022)