1 bedroom flat, Horley

Here’s a 1 bedroom flat in Horley, on the market with estate agents James Dean at £130000. As far as rent is concerned, they say that a flat like this should achieve a figure of £750pcm, which in our opinion seems reasonable. Here’s the link to Rightmove if you would like some further details…. http://www.rightmove.co.uk/property-for-sale/property-37525584.html

Based on the agents estimate of the likely rent and an asking price of £130000, the rental yield is an impressive 6.9%.  Do remember in general, however, the higher the yield, the lower the capital growth.

If you’re an investor looking to purchase a property in Crawley or the surrounding towns such as Horley, Redhill, Reigate, Horsham & East Grinstead, don’t hesitate to give us a call on 01293 515588. We’d be more than happy to have a chat with you. Alternatively, you can also drop us an e-mail to crawley@northwooduk.com.