1 bedroom flat, Copeland House, Rathlin Road, Broadfield, Crawley
Here’s a charming looking 1 bedroom flat in Copeland House, Broadfield, Crawley that has just come on to the market. It’s on with estate agents Zoom995 at £169995.
The warm sunshine in the picture, however, gives the game away a bit. A little further digging indicates that the property actually first came on to the market back in September …. which indicates the vendor hasn’t been able to sell at this price ! Well, not to worry, we’ll store that piece of information away and use it later …. here’s the Rightmove link for further details http://www.rightmove.co.uk/property-for-sale/property-36615825.html
You’ll see from the internal photos that the property appears to be presented in very good condition, which is all to the good.
1 bed flats in Copeland House are renting for between £750pcm and £800pcm. In fact there’s one available now for £875pcm …… which may be just a little too high. It’s still on the market To Let and has been since the end of November. Only time will tell if they achieve this price.
If we look at the rental yield for this flat based on the rents that have been achieved i.e. £750pcm & £8000pcm, we get a range from 5.3% to 5.6%. So, not too bad at all.
Of course, using our “inside” knowledge regarding the actual marketing date of the property, you should have a better than evens chance of negotiating the price down a bit. As we always say, if you don’t ask, you don’t get !
If you’re looking for investment properties in and around the Crawley area, why not give us a call on 01293 515588. We’re more than happy to give you advice & will even view properties on your behalf before you buy. Please note, we don’t charge for this service either ! That way you get an independent, unbiased opinion of a property’s investment potential. Always remember that the selling agent in any property deal acts for the vendor, not the purchaser ! Alternatively, you can e-mail us at crawley@northwooduk.com.
The Crawley Property Blog 