It's busy and urban and suffers from the perception of being a 'chav mecca.' People listen to the Croydon accent and think 'chavvy and common,' which is unfair. Some of the centre does look quite ugly, with all of those 1970s style high rises, but I actually think Croydon has a lot going for it. Lots of businesses want to locate there, and it has more offices and company headquarters then anywhere else in Britain, outside central London. I think more will come because it has really good transport links, and critical mass (300 thousand people, the most populous London borough). The other respondee is right, it is also thought of as a place where you either work, or where you pass through on the train (or change trains) rather than somewhere where you live, but I think that might change too. Over the coming decade, property prices in central London will dictate that you have to live further out of the centre, and where better to pitch up than somewhere with really good transport links? Once developers fully realise this, adverts will start cropping up, highlighting Croydon's attractive parts. The more businesses locate and people arrive in search of cheaper property, the more Croydon will develop, and the more prosperous it will become. (and the ugly high-rises in the centre will all be tarted up to look nice). I come from Watford, another part of Greater London which has negative connotations and perceptions of being somewhere to find guests for the Jeremy Kyle show, but the very same thing has happened here too. We have had a lot of positive redevelopment over the past 15-20 years, and it has become quite a nice place to visit. You wait and see, Croydon will get neon lights and a waterside. If this was ten years ago, I would be saying that you would be getting a branch of Borders as well. What I think Croydon needs most is a nightlife district (we have a very good one in Watford and it wins awards). I haven't really thought of Croydon as a good night out. If central Londoners start arriving more and more, this will happen - and you've got to admit, the creative scene in Croydon is pretty good. Saint Etienne started out there (I love them) and you can also claim the most successful female singer in the world at the moment - Adele. That girl will continue to go stratospheric. There's your poster child, someone to really put Croydon on the map.

I think his price will go up gradually over a while. Maybe a few weeks to a month will go up by multiple thousands but not too much. If you want to wait for a few thousand more go ahead but if you want the coins just sell.