2 bedroom apartment, Pound Hill, Crawley
Another month bites the dust ! This 2 bed apartment in Pound Hill, Crawley has just been listed on Rightmove today. Marketed by Moore & Partners it has a Guide Price of £190000. However, the Rightmove details give a price ranging up to £220000, so it’s fairly clear that the vendors are looking for a bit more than £190k. Here’s the link for further details: http://www.rightmove.co.uk/property-for-sale/property-54481715.html
Property in this area of Crawley usually rents for around the £900pcm to £950pcm mark. So based on these rental figures your maximum gross yield would be a healthy looking 5.7% to 6%. Putting the property on the market at this time of year might also indicate that the vendors would like the deal done before Christmas. So, if you’re an investor and can move quickly, an offer at the lower end of the price range might be just what they’re looking for.
If you’d like to discuss property investments in and around Crawley, don’t hesitate to give us a call on 01293 515588. You can also e-mail us on crawley@northwooduk.com.
The Crawley Property Blog 