1 bed flat in Broadfield, Crawley
For those investors interested in high rental yields, this 1 bedroom flat in Broadfield, Crawley has just come on to the market with agents Taylor Robinson, priced at £139950. Here’s the Rightmove link if you’re interested in taking a look http://www.rightmove.co.uk/property-for-sale/property-51455587.html. From the pictures, the flat looks to be in good order.
With regards to letting, we would expect a flat like this to achieve a rent of between £725pcm & £775pcm. Based on a purchase price of £139950, this would give a gross yield of between 6.2% to 6.6%. Followers of our blog will note that this is probably the highest potential gross yield we have reported to date. Do remember the “Golden Rule” of property investment, however, that when the rental yield is high, capital growth tends to be lower.
If you’re considering investing in a buy-to-let property in Crawley or surrounding towns, why not give us a call. We’re more than happy to have a chat with you about our favourite subject ! Alternatively, drop us an e-mail to crawley@northwooduk.com.
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