New Coulsdon flats with ‘parking option’ for £100 a month – Inside Croydon

Residents began to occupy the long-vacant Red Clover Gardens. But as property correspondent BARRATT HOLMES reports, anyone who owns a car is likely to be hit with extra bills.

Money spinners: someone is making a lot of money from BxB apartments. Just not the people of Croydon

Private tenants who want to live in new blocks of flats in Coulsdon, built on what was a public car park, are being offered ‘parking options’ for their vehicles – for an extra £100 a month on top of their level already dizzying. the rents.

That’s the deal being offered to residents moving into Red Clover Gardens, the latest development sold by Brick by Brick, where some flats are being marketed for £2,400 a month.

Croydon’s Tory mayor Jason Perry triumphantly announced last week that he had managed to find a buyer for the five “architect-designed” blocks containing 157 flats, which have sat unoccupied for most of the two years he has been in charge. function.

The development was sold to a little-known Essex property company, Regen Capital, for £38 million.

What poor Perry failed to mention was that the council had struck a hugely expensive lease with Regen for three of the blocks, a deal which could end up costing Croydon residents £60m over 50 years after as exclusively revealed by Inside Croydon.

A subsidiary of Regen is marketing 72 “architect designed” homes in Red Clover Gardens through Reigate estate agent Maxwell Valentine.

“Key features”, according to their sales document, include the properties being “New Construction” (to be completed in 2022), “luxury apartments”, “award winning architecture” and what they describe as “parking options”.

The flats are next to what remains of the original Lion Green Road car park.

Powered by: Lion Green Road public car park with EV charging stations to soon have night-time charges – introduced by Mayor Perry

When one of Inside Croydon Citizen journalists contacted Maxwell Valentine to ask exactly what was meant by ‘parking options’, they were told that there are a limited number of reserved spaces and they are available to renters for an additional £100 per month.

So that’s £1,200 a year to park the motor, on top of possibly £28,800 in rent. Plus utility bills. And did anyone mention Croydon’s Council Tax which from April 2023 has increased by 21%..?

Read more: Perry’s ‘sale’ of Coulsdon flats will cost Croydon £60m!
Read more: Latest Brick by Brick apartments to let from £2,400 per month
Read more: BxB’s downfall was predictable. Why didn’t anyone else notice?

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