This full page advert in the Straits Times appearing today.
1,2 and 3 Bedroom Apartments from £275,000.
Transport links:
1) 13 minutes from East Croydon to London Bridge Station. Verified correct (London TFL)
2) 16 minutes from East Croydon to London Victoria Station. Verified correct. (16 to 18 minutes)
3) 15 minutes from East Croydon to Gatwick Airport. Advert didn't mention, but this is also an advantage.
Where is Croydon?
Croydon is a large town in South London, 15km south of Charing Cross. It is in Travelcard Zone 5.
Croydon is of interest. Transport links are not bad. More importantly, there is huge re-generation going on here, up to the value of £1billion. The Croydon regeneration scheme is one of the most impressive regeneration efforts going on in Greater London in recent years.
Plans to construct a £1bn state-of-the-art retail and leisure development
The Mayor of London has given the green light for this ambitious plan. According to the Press Release, the project will built a brand new 1.5 million square foot development - the third largest shopping centre in London. There will be cinemas, a bowling alley and up to 600 new homes. The 75,000 sq m development will include a 54 storey residential tower, together with a hotel and offices.
The site sits within the Croydon Opportunity Area – one of 33 areas designated by the Mayor with significant capacity for new housing, commercial and other development. The Croydon Opportunity Area envisages the construction of 10,000 new homes and improvements to key parts of the local transport infrastructure, including East Croydon station. This will create 7,500 jobs
Morello Tower, Croydon
The 75,000 sq m development will include a 54 storey residential tower, together with a hotel and offices.
I found this advertising video interesting to watch.
Google Maps - East Croydon
If you can spare time and money to fly to London to take a look, that is best. However, a good alternative would be to spend some time, using Google Maps, to 'walk the ground'. It is free.
The screenshot above shows you the East Croydon station. I do not know the exact location of this development, but ask the sales agent to tell you exactly where the site is, so that you can assess for yourself whether it really is a 3 minute walk, or more. The other transport links as advertised have been verified.
Convince yourself that the neighbourhood is ok. You do not want to be caught off-guard, by say a big factory nearby, or even an Airport around the corner! (Think Royal Wharf...)
Verdict?
This project is interesting, and worth a second look. While the project is in Zone 5, there is huge regeneration going on. Compared to Central London, the investment quantum is much more bite-sized.
Any views and thoughts on this development and Croydon in general? Do share with us on our community forum.
Important Disclaimer - . The views contained in this blog and blog post are entirely mine. We cannot be made responsible for any investment decisions you may, or may not, take. Nothing in this blog can be construed as professional investment advice, as we are NOT professional investors and we are ill qualified to give you any advice. Read the blog at YOUR own risk
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