Month: August 2015

25th August 2015

3 bedroom house, Tilgate, Crawley

From the outside, here’s a nice looking house that first came on to the market in early July (see our 1st July 2015 blog entry). Well, it’s now come down in price from £285 000 to £277 000 – bit of an odd price, but there you go ! The property is on the market with estate agents House Network Ltd..

As the market is still reasonably quiet at the moment there may be scope to drive the price down a bit further, particularly given the fact that it would be wise to tone down some of the internal room colours.

Here’s the link Rightmove link to see further details http://www.rightmove.co.uk/property-for-sale/property-35271762.html?premiumA=true

Properties like this mostly appeal to families and, in our opinion, represent a good solid long term investment. With rents pushing at the seams due to reduced supply, you should achieve a rent of £1200 to £1250 pcm, giving a maximum gross annual yield of between 5.2% to 5.4%. Of course, if you could get a bit more off the asking price, so much the better !

Tilgate 25-8-15

If you’re looking for property investments in and around Crawley and would like some independent advice on something you have your eye on, why not give us call before you part with any money. We don’t charge for our opinion. Feel free to give me a call on 01293 515588 or drop us an e-mail to crawley@northwooduk.com .

20th August 2015

3 bedroom house, Furnace Green, Crawley

Here’s a 3 bed house in Walesbeach Close, Furnace Green, Crawley, which came on to the market yesterday. The property is being marketing by Moore & Partners at £270000, and has the added advantage of a garage en-bloc. Here’s the Rightmove link http://www.rightmove.co.uk/property-for-sale/property-51294535.html?premiumA=trueWalesbech Furnace Green

The agent states that the house has 3 double bedrooms and there is a 4 piece bathroom suite including shower cubicle.

A property like this appeals to families and can achieve a rent of £1150 to £1200 pcm, giving a gross rental yield of between 5.1% & 5.3%

If you’re looking for property investments in and around Crawley and would like some independent advice on something you have your eye on, why not give us call before you part with any money. We don’t charge for our opinion! Feel free to give us a call on 01293 515588 or drop us an e-mail to crawley@northwooduk.com          .

19th August 2015

3 bedroom house, Southgate, Crawley

A very well presented 3 bedroom terraced house in Southgate, Crawley. The property is just on the market at £280 000 with Move Revolution, Rightmove link: http://www.rightmove.co.uk/property-for-sale/property-51286693.html#Southgate

From an investment point of view this type of property will probably appeal to a family rather than sharers or younger professional couples. Consequently in the long run you may find longer average tenancies. It’s also handy for the No.10 Fastway bus service to Gatwick airport or Manor Royal.

All things being equal, we would expect to achieve between £1150 & £1250 pcm in rent for this type of property, giving a gross yield of between 4.9% & 5.4%

If you’re looking for property investments in and around Crawley and would like some independent advice on something you have your eye on, why not give us call before you part with any money. Feel free to give us a call on 01293 515588 or e-mail crawley@northwooduk.com .

17th August 2015

2 bedroom flat, Three Bridges, Crawley

Here’s a two bedroom flat in Crawley’s ever popular Pembroke Park development in Three Bridges. Although a little further from the main line train station than Trafalgar gardens, for example, the development is nonetheless only about a 10 minute walk away. Marketed by Moore & Partners, this particular property has the advantage of an allocated covered parking space.

For a closer look at the details, here’s the Rightmove link: http://www.rightmove.co.uk/property-for-sale/property-52491122.html

Pembroke ParkAlthough the property is one of the smaller examples in the Pembroke Park development, it benefits from an ensuite to the master bedroom and a family bathroom with a shower. Hence, the flat is ideal for couples and professional sharers alike.

Current rental figures for these flats are between £950 & £995 pcm, giving a respectable maximum gross annual yield of between 5.4% to 5.7%. Well worth a look in our opinion.

If you’re looking for property investments in and around Crawley, don’t hesitate to ask us for advice on what to buy and, more importantly, what not to buy ! Our advice is free, so give us a call on 01293 515588 or e-mail crawley@northwooduk.com.

13th August 2015

2 bedroom flat, Three Bridges, Crawley

Marketed by Greenaway, here’s 2 bedroom flat with a £200 000 guide price. The property is currently tenanted so you might be able to buy a ready made investment from day one. However, if you do takeover the tenants, make sure that you check their rental history. Believe me, you don’t want to takeover a tenant who is struggling to pay the rent ! If you want to know more about what checks to carry out when purchasing an investment property with a tenant in situ, send us an e-mail and we can go into more detail than space allows here.

Three Bridges 13-8-15Details for this particular property can be found on Rightmove at http://www.rightmove.co.uk/property-for-sale/property-35908353.html

There is one feature of the property we would change, but it shouldn’t cost you more than a few hundred pounds. The change, however, will make the property appeal to a wider range of prospective tenants. Again, drop us an e-mail if you’re interested.

The fact that the flat is situated closer to Manor Royal than Three Bridges station does affect the rent a little. However, a property like this should be achieving £900 to £975 pcm, giving a respectable annual gross yield in the region of 5.4% to 5.9%. As this property is leasehold, don’t forget to factor in things like ground rent & leasehold charges if/when you run your ruler over it !

If you’re looking for property investments in and around Crawley or would like some independent advice on something you have your eye on, why not give us call before you part with any money. We don’t charge for our opinion. Feel free to call us on 01293 515588 or drop us an e-mail to crawley@northwooduk.com          .