2 bedroom flat, Furnace Green, Crawley
Marketed by Astons to “investors only” is this 2 bedroom flat in Furnace Green, Crawley on the market for £169950. The agents state that the property is currently tenanted and that the rent being achieved is £875pcm. Here’s the Rightmove link for further details http://www.rightmove.co.uk/property-for-sale/property-52224724.html
As we’ve said before, if you plan to buy with tenants in-situ, do check their rent payment history. In addition, to avoid disrupting the tenants and to save yourself a few pounds, you might be able to get the white goods “thrown-in” with the purchase price. After all, it is unlikely that the current owner/landlord will have anywhere to put them ! Lastly, for the purpose of due diligence, always enquire as to why the owner is selling.
What about the rental yield ?
We’ve checked comparable properties in the area and the quoted rent of £875pcm seems spot on. So based on the purchase price of £169950, you would expect to get a return of close to 6.2%. So not too bad at all.
Whether you’re an experienced investor or considering buying an investment property for the first time, we’d be more that happy to have a chat with you. Should you see a potential investment property through another agent, we could also view it and give you an independent opinion on its suitability – before you part with any money on surveys or solicitors fees. We don’t charge for this service, so just give us a call on 01293 515588. Alternatively, you can also e-mail us at crawley@northwooduk.com.
The Crawley Property Blog 
One thought on “23rd November 2015”