Month: September 2015

9th September 2015

One bedroom maisonette, Northgate, Crawley

A one bedroom maisonette in Glenview Cl, Northgate, Crawley has just come on to the market with Astons estate agents at £159950. Gelnview 9-9-15Although there are no internal photos to show condition, properties like this usually rent for in excess of £700 and may be more. Ideal as a starter home, in case you get fed up with the rental game!

Based on the asking price and our rental guide, you should get a gross annual rental yield of around 5.25%

Here’s the Rightmove link :http://www.rightmove.co.uk/property-for-sale/property-36297228.html

If you’re looking for property investments in and around Crawley & would like some advice on what to buy and what features to aware of, why not give us call on 01293 515588 or drop us an e-mail to crawley@northwooduk.com   .

8th September 2015

2 bedroom flat, Broadfield, Crawley

Here’s and interesting apartment at Rathlin Rd on the outskirts of Broadfield, Crawley. The property, which is a 2 bedroom apartment with a balcony, is being marketed by Connells at £240000. The asking price may seem a bit steep when you compare it, for example, with the Pembroke Park development in Three Bridges. Rents for properties at this location vary from about £925pcm to £1000pcm, which would give a gross yield ranging from 4.5% to 5%.

Nonetheless from the marketing photos the property appears to be presented in very good condition. The Rightmove link is: http://www.rightmove.co.uk/property-for-sale/property-36264264.html?premiumA=true

Rathlin RoadFor the purpose of renting, however, there is one key drawback with this property. Can you spot it ? It can be remedied fairly easily for a few hundred pounds, but if implemented would make the property more appealing to a wider range of potential tenants – which is key to avoiding rental void periods.

Not sure of the issue we’re talking about ? Then drop us an e-mail to crawley@northwooduk.com and we’ll let you know.

If you’re looking for property investments in and around Crawley and would like some advice on what to buy and what features to aware of – like the apartment above – why not give us call on 01293 515588 or alternatively send us an e-mail to crawley@northwooduk.com   .

3rd September 2015

2 bedroom flat, Trafalgar Gardens, Pound Hill, Crawley

A 2 bedroom apartment in the gated Trafalgar Gardens development, Crawley. You can almost roll out of bed onto Thee Bridges station from here ! The location will appeal to a very wide range of prospective tenants from those working locally in Crawley or Gatwick airport, to those who commute up to London, but don’t want to pay London rents. Additional plus points include lift access (which is not included in all of the Trafalgar Gardens blocks) and underground parking. The property is marked by Fox & Sons at £220 000. For more information here is the Rightmove link http://www.rightmove.co.uk/property-for-sale/property-36198504.html?premiumA=true

Properties like this apartment in Trafalgar Gardens have been achieving between about £995 & £1075 pcm. Based on the purchase price this gives a fairly healthy annual gross yield of between 5.4% to 5.7%.Trafalgar Gdn 3-9-15There is just one feature in the property we would recommend changing, however. This should not cost too much (perhaps a few hundred pounds) and would make the property appeal to a much wider selection of potential tenants. As such, this would help in reducing void periods i.e. the length of time the property was empty between tenancies. If you’re interested in this property and would like to know the “tweek” we’re proposing, just drop us an e-mail and we’ll let you know.

If you’re looking for property investments in and around Crawley and would like some advice on what to buy and what features to be aware of – like the apartment above – why not give us call on 01293 515588 or e-mail to crawley@northwooduk.com   .