Brand New: 2 bedroom apartment, Manor Royal, Crawley
Here’s an opportunity to buy a brand new 2 bed apartment in the heart of Manor Royal, Crawley. Marketed by Cubitt & West, the asking price for the 1st floor flat advertised here is £200 000. Here’s the Rigtmove link in case you want some more details : http://www.rightmove.co.uk/new-homes-for-sale/property-36525576.html.
It’s a little more difficult to gauge the market rent for these properties as they are a fair distance from others in the area. However, we would expect a 2 bedroom example like this to achieve between £950 and £1000pcm in the current market. With an asking price of £200 000, this would give a maximum gross annual yield of between 5.7% & 6%. If you regularly read this blog, you’ll know that is a pretty good return, given the area and current state of the market.
One word of advice, however. If you’re serious about a property in this development, make sure you secure at least one allocated parking space (and preferably two). Allocated parking spaces can mean the difference between getting your flat rented quickly and having it hang around empty for a while.
If you’re a property investor looking for your next buy-to-let deal, or new to lettings and not sure what and where to buy, why not give us a call to discuss the different options Crawley has to offer. Alternatively, drop us an e-mail to crawley@northwooduk.com.
The Crawley Property Blog 