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 !
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 .
The Crawley Property Blog 