Month: July 2015

22nd July 2015

2 bedroom flat, Maidenbower, Crawley

In our opinion, here’s a good two double bedroom flat in Maidenbower, marketed by Choices with a guide price of  £220 000. The bathroom includes a bath as well as a shower cubicle – so all bases covered there. Although the property does not benefit from an ensuite shower room, in good condition it should let for about £995 pcm. This gives a maximum gross annual yield of about 5.2%. Not too bad at all !

Here is the Rightmove link if you would like to check further details: https://www.rightmove.co.uk/rmplus/property/showPropertyMcr.action?propertyId=35549922Maidenbower 22-7-15If you would like any advice on where or where not to buy for investment in the Crawley area, or want the lowdown on a property you have your eye on with another agent, feel free to give us a call on 01293 515588 or e-mail crawley@northwooduk.com.

 

20th July 2015

2 bedroom flat, Woodfield Lodge, Northgate, Crawley

Woodfield Lodge is a very popular development and always seems to rent well. Connect-UK are marketing this 2 double bedroom apartment for sale at £220 000. There is a family bathroom and an ensuite to the main bedroom. So the property will appeal to couples as well professional sharers.

For more details, here’s the Rightmove link:

https://www.rightmove.co.uk/rmplus/property/showPropertyMcr.action?propertyId=53566310

Although there aren’t internal photos, assuming that the flat is good condition, it should let for about £975pcm to £995pcm. This would give a decent maximum gross annual yield of between 5.3% & 5.4%.

Woodfield LodgeIf you would like any advice on where or where not to buy for investment in the Crawley area, or want the lowdown on a property you have your eye on with another agent, feel free to give me a call on 01293 515588.

14th July 2015

2 bedroom flat, Ifield, Crawley

Here’s a 2 bed apartment that has just come on to the market with a tenant already in-insitu. Priced at £214 950, the agent (Taylor Robinson) has stated the tenant is currently paying £950pcm, which is par for the course for this type of property.

Ifield 14-7-15Here is the Rightmove Link:

https://www.rightmove.co.uk/rmplus/property/showPropertyMcr.action?propertyId=35426322

The property is aimed at investors. However, you should carry out your own due diligence when taking over a tenant – rental payment history being one of the key questions to ask. Always remember as well, that tenants can also give notice and leave.

However, based on the rental figure quoted, you would achieve a maximum annual gross yield of 5.3%, which is very respectable indeed.

If you would like any advice on where or where not to buy for property investment in the Crawley area, or want the lowdown on a property you have your eye on with another agent, feel free to give us a call on 01293 515588 or e-mail crawley@northwooduk.com .

1st July 2015

3 bedroom house, Ifield, Crawley

If you’re looking to invest in a family home you may well end up with less turnover of tenants. Families tend to stay for longer on average once children get settled in to schools etc…

Here’s the type of property you may want to consider in Mendip Close, Ifield, Crawley. On the market at £265000 with Cubitt & West, we would expect the property to let for £1150 to £1200 pcm. This give a gross annual yield of between 5.2% and 5.4%

Mendip Cl 1-7-15Here’s the Rightmove link:https://www.rightmove.co.uk/rmplus/property/showPropertyMcr.action?propertyId=50682322#

If you would like any advice on where or where not to buy for investment in the Crawley area, or want the lowdown on a property you have your eye on with another agent, feel free to give us a call on 01293 515588 or e-mail us a crawley@northwooduk.com .