The average monthly rent for a two bedroom flat in Croydon is £1,471 – one of the most affordable areas of London.
How Much Can I Let Out A Two-Bed Property For in Croydon?
As of December 2024, according to the ONS, the average rent for two-bedroom properties in Croydon was £1,471 – a year-over-year increase of 9.8% from £1,348 in December 2023.
Recent data from Foxtons shows that the average rental price in Croydon for a two-bedroom property is around £450 per week.
The average weekly rental for a two-bedroom property in Croydon is £450. Source: Foxtons
Around that average, there is a great deal of variation with Rightmove and Zoopla showing two-bed properties in Croydon for anywhere between £1,350 monthly to £3,200.
What Factors Affect the Rental Price of a Two-Bed Property in Croydon?
Various factors can impact the rental price of a two-bed flat in Croydon including:
Size
Beyond the number of bedrooms, the size of the flat also makes a difference when it comes to how much rent you can charge.
You need to think about the total size of the flat as well as the size of the bedrooms, the flat’s distribution, the spaciousness and layout. All of this will impact how much you can charge for rent. Generally, the more space there is, the more you can charge.
Facilities
This comes down to how comfortable it is to live in this property.
For example, does it have a fully fitted kitchen? Does it have more than one bathroom? Does it come with a parking space or garage? Any additional features or facilities will mean that you can charge more.
Furniture
Are you planning to rent out your flat fully furnished? If so, you can charge more rent. Tenants often seek out fully furnished properties so that they don’t have to spend time, effort and money kitting out the flat.
If it is already ready for them to move in, this is something many people are happy to pay extra for.
Condition
Is your two-bedroom Croydon flat in good condition or could it do with some love? The better your property is in terms of modernity or refurbishment, the more rent people will be willing to pay. Not only that, but you will likely get more interest from tenants.
Location
Where in Croydon is your property? Croydon is a popular destination for renters but certain locations, such as near a station or a supermarket, could mean that you might be able to charge a higher rent.
Is Croydon Popular For Renters?
Croydon is a popular location for renters, largely thanks to its affordability. In research from Zoopla, Croydon ranked top in London’s affordability rankings.
It is also a preferred destination for many thanks to its relatively low cost of living, with a cost of living (including rent) 41.8% lower than London (Numbeo). This, coupled with its easy commute to the city centre, green spaces and developing cultural offering, makes it a sought-after destination for both young professionals and families.
Which Area in Croydon Is Most Popular With Renters?
Croydon refers to an entire borough with certain areas better than others when it comes to renting. In general, renters look for areas with cheaper rent and better connections.
Areas like South End & St Peter’s Road and Selhurst South & West Croydon are known to be on the cheaper side. Here, you might want to look at setting a slightly lower rental price to make your prices more competitive and maximise your chances of tenant interest.
Areas like Woodcote and Sanderstead are more expensive so a higher rent wouldn’t be out of place here. Generally speaking, the areas benefiting from good transport links (especially direct commute to London) are popular with renters and can yield higher rental prices.
Sanderstead is one of the most expensive areas of Croydon whereas West Croydon and Central Croydon are significantly cheaper. Source: Planvu
Is Buying an Investment Property in Croydon a Good Idea?
The rental market in Croydon is in high demand, with many young professionals and families looking to live there. This is only going to go up as Croydon continues to invest in and expand its cultural offering – with large-scale investment in retail, entertainment and sports.
Though rents here are lower than in other areas of London and landlords may be expected to charge slightly less than in other areas, they are also likely to have plenty of interest from renters and high occupancy.
Landlords can also expect for rent prices to increase in the coming years as Croydon becomes even more popular. Monthly rent in Croydon has already increased 9.8% between December 2023 and December 2024 (ONS) with rents steadily increasing since 2016.
Owning a property and using a property management company in London to help with the tenants can be a great way to ensure consistent profit – without even needing to be there.
Profitability: Renting Out a Two Bedroom Flat in Croydon
Croydon is one of the most affordable areas in London to rent.
For landlords, this means that while the rental prices may be slightly lower than in other areas of London, they can still charge an average of £1,471 monthly rent.
Depending on amenities and exact location, they could charge even more. As Croydon becomes even more up-and-coming, it is likely that London landlords will benefit from high tenant demand, high occupancy and maybe even higher rental prices in the future.
To maximise profit even more, landlords can work with property management in London to ensure that their Croydon property is reaching its full potential.
If you need help managing your property in Croydon, J Property Management is a London property management company that can help. To find out more get in touch with the team at info@jpropertymanagement.co.uk
