1 bedroom flat, Three Bridges, Crawley
Greenaway estate agents have just put this 1 bedroom flat on to Rightmove, with an asking price range of £175000 to £185000. Located at the popular Pemroke Park development, it comes with an underground parking space and has a balcony. Here’s the Rightmove link for further details: http://www.rightmove.co.uk/property-for-sale/property-35472354.html
As we’ve said before, location is vital when you’re considering property investment. It is one of the key factors in determing the length of void periods you might suffer during your ownership of the property.
Location is very good for this particular devlopment which, as a consequence, is popular with tenants and investors alike. If you’re familiar with Crawley, the flat is well placed for access to Three Bridges main line station (fast trains to London), Gatwick airport, Crawley town centre and just a short drive to the Manor Royal industrial estate. So, in our opinion, location is very good.
So what about the yield ?
Flats like this rent for between £825pcm and £875pcm at the present time. Based on the asking price & rent ranges, the gross rental yields are between 5.4% to 6%. Not bad at all, in our opinion.
If you’re looking to purchase an investment property now or in the future, do give us a call on 01293 515588. Even if you’re buying a property through a “rival” agency, we’d be more than happy to view it and give our opinion on the potential yield you might achieve. What do we charge for this service, I hear you ask ! To you Sir, to you Madam…. it’s free. But please, don’t let on to anyone else ! Alternatively, you can also e-mail us on crawley@northwooduk.com.
The Crawley Property Blog 