The first residents are due to move into Bellway Homes’ new 72-home development at Penhurst Square in Addiscombe next month.
A range of one, two and three bedroom apartments and four bedroom houses are targeted at first-time buyers, young couples, commuters and investors with some of the apartments available through the Help to Buy London scheme.
Mark Harrop, head of sales at Bellway Homes South London, said: “With many house hunters being priced out of London, the outskirts are becoming far more popular because they provide more space, and more for buyers’ money. “The upcoming Croydon regeneration is unlocking the suburb’s potential to become a leading destination in south London.”
A road at Penhurst Square called Nihill Place was unveiled last year in honour of Croydon Harriers race walker Paul Nihill who grew up in Addiscombe then went on to win a silver medal at the 1964 Olympic Games.