We are delighted to bring Tamworth Yard to the market; a consented development site for 9 well-designed apartments in the centre of Croydon. Full planning permission has been granted to demolish the existing warehouse, and build two modern 3 storey blocks which will comprise 3 one bedroom, 3 two bedroom & 3 three bedroom apartments. All the flats will benefit from private terraces/balconies, as well as there being an inner courtyard area which offers an abundance of shared amenity space for residents.
The site is located in the heart of central Croydon close to a host of amenities & leisure facilities, as well as having superb transport links into London and many other popular destinations further afield. All of the finished units sit within the ‘help to buy’ bracket, and as such we believe will appeal to first time buyers, professionals and investors. Professionals will appreciate the easy access into Central London and good sized apartments which will allow for a comfortable work from home set up.
Investor purchasers will be safe in the knowledge that the high quality finished units will be highly sought-after by renters. Investing capital into a new build flat in central Croydon will certainly offer a more fruitful return than leaving money in the bank, and a safe bet in comparison to some
The icing on the cake is that developers will only pay the commercial rate of Stamp Duty which at the guide price works out to be £57,000, and there is a CIL payment of c.£10,000 (subject to indexaction). This site is certainly one of a kind, and we don’t anticipate it being on the market for all that long.