Redevelopment makes Croydon a property hotspot

WITH most parts of the country in the property doldrums at the moment, there are not too many places that look like clever investments. One that is bucking the trend is Croydon, which will be the next UK city to undergo a serious regeneration. There are plans to inject &pound;3.5bn into the city over the next couple of decades. <br /><br />New skylines, public squares, small parks and new housing developments are all part of the improvements to the area, while the land surrounding the River Wandle will be revived with lagoons and tree-lined walkways. <br /><br />Among all the regeneration, one thing that won&rsquo;t change is Croydon&rsquo;s convenience for commuters. It is only 20 minutes away from central London by train and the arrival of the East London Line extension in June 2010 will link West Croydon mainline station with Wapping and Shoreditch. <br /><br />Jim Holliday, Sales Director of Fairview New Homes &ndash; whose Fusion development is close to West Croydon station &ndash; says: &ldquo;The ELL extension is going to bring central London within a 30 minute train journey of Croydon. It will also make access to the nightlife hotspots of Hoxton and Shoreditch a lot easier.&rdquo;<br /><br />It is no surprise that house prices have already started to jump in anticipation of all this change. In July, Rightmove reported that prices surged 4.7 per cent in Croydon &ndash; the second best performance by a London borough. But they are still 6.7 per cent lower compared to July last year. <br /><br />Now is an ideal time to find a well-priced house or apartment in Croydon before home values really start to soar. <br /><br /><strong>FUSION, CROYDON</strong><br />From &pound;132,000 for a one-bedroom flat<br />Contact the marketing suite on 020 8689 7666 or visit