Tag: flat

8th September 2015

2 bedroom flat, Broadfield, Crawley

Here’s and interesting apartment at Rathlin Rd on the outskirts of Broadfield, Crawley. The property, which is a 2 bedroom apartment with a balcony, is being marketed by Connells at £240000. The asking price may seem a bit steep when you compare it, for example, with the Pembroke Park development in Three Bridges. Rents for properties at this location vary from about £925pcm to £1000pcm, which would give a gross yield ranging from 4.5% to 5%.

Nonetheless from the marketing photos the property appears to be presented in very good condition. The Rightmove link is: http://www.rightmove.co.uk/property-for-sale/property-36264264.html?premiumA=true

Rathlin RoadFor the purpose of renting, however, there is one key drawback with this property. Can you spot it ? It can be remedied fairly easily for a few hundred pounds, but if implemented would make the property more appealing to a wider range of potential tenants – which is key to avoiding rental void periods.

Not sure of the issue we’re talking about ? Then drop us an e-mail to crawley@northwooduk.com and we’ll let you know.

If you’re looking for property investments in and around Crawley and would like some advice on what to buy and what features to aware of – like the apartment above – why not give us call on 01293 515588 or alternatively send us an e-mail to crawley@northwooduk.com   .

3rd September 2015

2 bedroom flat, Trafalgar Gardens, Pound Hill, Crawley

A 2 bedroom apartment in the gated Trafalgar Gardens development, Crawley. You can almost roll out of bed onto Thee Bridges station from here ! The location will appeal to a very wide range of prospective tenants from those working locally in Crawley or Gatwick airport, to those who commute up to London, but don’t want to pay London rents. Additional plus points include lift access (which is not included in all of the Trafalgar Gardens blocks) and underground parking. The property is marked by Fox & Sons at £220 000. For more information here is the Rightmove link http://www.rightmove.co.uk/property-for-sale/property-36198504.html?premiumA=true

Properties like this apartment in Trafalgar Gardens have been achieving between about £995 & £1075 pcm. Based on the purchase price this gives a fairly healthy annual gross yield of between 5.4% to 5.7%.Trafalgar Gdn 3-9-15There is just one feature in the property we would recommend changing, however. This should not cost too much (perhaps a few hundred pounds) and would make the property appeal to a much wider selection of potential tenants. As such, this would help in reducing void periods i.e. the length of time the property was empty between tenancies. If you’re interested in this property and would like to know the “tweek” we’re proposing, just drop us an e-mail and we’ll let you know.

If you’re looking for property investments in and around Crawley and would like some advice on what to buy and what features to be aware of – like the apartment above – why not give us call on 01293 515588 or e-mail to crawley@northwooduk.com   .

17th August 2015

2 bedroom flat, Three Bridges, Crawley

Here’s a two bedroom flat in Crawley’s ever popular Pembroke Park development in Three Bridges. Although a little further from the main line train station than Trafalgar gardens, for example, the development is nonetheless only about a 10 minute walk away. Marketed by Moore & Partners, this particular property has the advantage of an allocated covered parking space.

For a closer look at the details, here’s the Rightmove link: http://www.rightmove.co.uk/property-for-sale/property-52491122.html

Pembroke ParkAlthough the property is one of the smaller examples in the Pembroke Park development, it benefits from an ensuite to the master bedroom and a family bathroom with a shower. Hence, the flat is ideal for couples and professional sharers alike.

Current rental figures for these flats are between £950 & £995 pcm, giving a respectable maximum gross annual yield of between 5.4% to 5.7%. Well worth a look in our opinion.

If you’re looking for property investments in and around Crawley, don’t hesitate to ask us for advice on what to buy and, more importantly, what not to buy ! Our advice is free, so give us a call on 01293 515588 or e-mail crawley@northwooduk.com.

22nd July 2015

2 bedroom flat, Maidenbower, Crawley

In our opinion, here’s a good two double bedroom flat in Maidenbower, marketed by Choices with a guide price of  £220 000. The bathroom includes a bath as well as a shower cubicle – so all bases covered there. Although the property does not benefit from an ensuite shower room, in good condition it should let for about £995 pcm. This gives a maximum gross annual yield of about 5.2%. Not too bad at all !

Here is the Rightmove link if you would like to check further details: https://www.rightmove.co.uk/rmplus/property/showPropertyMcr.action?propertyId=35549922Maidenbower 22-7-15If you would like any advice on where or where not to buy for investment in the Crawley area, or want the lowdown on a property you have your eye on with another agent, feel free to give us a call on 01293 515588 or e-mail crawley@northwooduk.com.

 

20th July 2015

2 bedroom flat, Woodfield Lodge, Northgate, Crawley

Woodfield Lodge is a very popular development and always seems to rent well. Connect-UK are marketing this 2 double bedroom apartment for sale at £220 000. There is a family bathroom and an ensuite to the main bedroom. So the property will appeal to couples as well professional sharers.

For more details, here’s the Rightmove link:

https://www.rightmove.co.uk/rmplus/property/showPropertyMcr.action?propertyId=53566310

Although there aren’t internal photos, assuming that the flat is good condition, it should let for about £975pcm to £995pcm. This would give a decent maximum gross annual yield of between 5.3% & 5.4%.

Woodfield LodgeIf you would like any advice on where or where not to buy for investment in the Crawley area, or want the lowdown on a property you have your eye on with another agent, feel free to give me a call on 01293 515588.

14th July 2015

2 bedroom flat, Ifield, Crawley

Here’s a 2 bed apartment that has just come on to the market with a tenant already in-insitu. Priced at £214 950, the agent (Taylor Robinson) has stated the tenant is currently paying £950pcm, which is par for the course for this type of property.

Ifield 14-7-15Here is the Rightmove Link:

https://www.rightmove.co.uk/rmplus/property/showPropertyMcr.action?propertyId=35426322

The property is aimed at investors. However, you should carry out your own due diligence when taking over a tenant – rental payment history being one of the key questions to ask. Always remember as well, that tenants can also give notice and leave.

However, based on the rental figure quoted, you would achieve a maximum annual gross yield of 5.3%, which is very respectable indeed.

If you would like any advice on where or where not to buy for property investment in the Crawley area, or want the lowdown on a property you have your eye on with another agent, feel free to give us a call on 01293 515588 or e-mail crawley@northwooduk.com .