CR0 Croydon Town Centre — Property Development

CR0 covers Croydon Town Centre in Croydon (Greater London). Major opportunity area — Westfield-led town-centre regeneration.

Local market snapshot

• Average property value: £365,000
• Indicative gross rental yield: 5.5%
• Council planning regime: Gateway 2

Local authority: London Borough of Croydon — Gateway 2, Article 4 active, average build cost £2650/sqm.

Hot strategies in CR0

• Commercial to Residential (Class MA) — Permitted development and Class MA prior approval rules
• Build-to-Rent (BTR) Schemes — Institutional residential rental developments
• Airspace & Rooftop Development — Adding floors above existing buildings

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