2 Bedroom Flat, Broadfield, Crawley
Here’s a 2 bedroom flat that has just come on to the market with Inspire Estate Agents at £185000. Although Broadfield may not be the most popular location in Crawley, remember that property correctly priced will always sell or rent. This flat also comes with the added bonus of a garage – definitely a selling point. Here’s the Rightmove link for further details http://www.rightmove.co.uk/property-for-sale/property-57580043.html
The location of this flat in Broadfield is very convenient for the Fastway bus service with access to Crawley Town Centre & Gatwick airport. So for airport or town centre workers it’s ideal. We’ve had a similar property on our books for a number of years now and have not had any issues letting it out.
Bearing in mind that there are two double bedrooms and a garage, rents for these types of flats are between £875pcm and £925pcm – depending on condition and when the property is marketed. These rents compare favourably with those for more modern flats close to Three Bridges station, which now let for up to £1100 pcm !
So, if you considered purchasing this flat, based on the asking price and anticipated rent, you would expect to see a gross rental yield of between 5.7% & 6%. These are fairly high yields for the Crawley market. Do remember, however, that high yields are often accompanied by lower capital growth. Still worth a look though, depending on your investment strategy.
If you’re looking to invest in the Crawley property market we’d love to from hear, even if your plans are only tentative at the moment. Just give us call on 01293 515588. What’s more any advice we give is free ! Alternatively, you can drop us an e-mail to crawley@northwooduk.com. Look forward to hearing from you.
The Crawley Property Blog 