One of last blocks built by firm whose debts ‘bankrupted’ Croydon go on sale for up to £560,000

By Tara O’Connor, Local Democracy Reporter

Controversial developer Brick by Brick has put some of its final flats up for sale in Croydon – with some features to help owners save on energy bills.

Apartments in the new block in Croydon town centre are on offer for up to £560,000. Kindred House will be one of the last developments completed by  the council-owned firm.

The 128 homes are being built on part of the former Wandle Road car park and will overlook the Croydon Flyover. Work on the 25-storey block started in March 2019 and was originally supposed to be finished in March 2021.

Now it is expected to be ready in May 2022 and some have gone on sale. Prices start at £340,000 for a one-bedroom flat and go up to £560,000 for two bedrooms.

The homes have triple glazing and an air circulation system which could save on heating bills.

The flats are for sale on the website of estate agent Hamptons. The listing reads: “Kindred House is a stunning new development within moments of the centre of Croydon. These apartments are designed with natural materials and modern technology to help you live more sustainably.

“As well as engineered parquet flooring, there are timber shelves to the kitchen and bathrooms as well as hard wearing Silestone worktops. Triple glazing throughout to keep the heat in and the sound out. Mechanical ventilation with heat recovery units also help ensure the air you breathe is circulated for freshness and any heat extracted is recycled for efficiency.”

Kindred House will be one of Brick by Brick’s final developments in the borough before the company is wound up in 2023.

Croydon council set up the company in 2016 and loaned it £200 million, which auditors said contributed to the council being forced to declare itself bankrupt in November 2020.

In January new bosses were brought on board to take charge in the company’s final year.

The other development still to be completed is Red Clover Gardens in Lion Green Road, Coulsdon. This is the company’s largest development of 157 homes which is expected to be finished in February 2023.

 

 


 

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