Tag: Ifield-Crawley

10th October 2015

2 Bedroom, Split Level Maisonette, Ifield, Crawley

Take at look at this 2 bed, split level maisonette in Ifield, Crawley, that has just come on to the market. The property is a “Commission property” i.e. built as part of the Crawley New Town development, post 2nd World War. As such, although it is not new, it has the advantage of much larger all round accommodation, compared with its contemporary counterparts. Add to that a large private garden and we think it would make a good long-term investment.

The property is being marketed by Martin & Co with a Guide Price of £210 000. Here’s the Rightmove link for further details: http://www.rightmove.co.uk/property-for-sale/property-51870907.html

Ifield - Warren DrProperty like this one in Ifield, Crawley, will appeal particularly to couples with young children because of the private garden. Based on the guide price, to get a 5% gross annual return, you would need to achieve a rent of £875pcm. We would estimate that a property like this should achieve £875pcm to £950pcm.

If you’re looking for property investment in and around Crawley, or know someone who is, give us a call on 01293 515588 to discuss what options are available in the area. Alternatively, e-mail us on crawley@northwooduk.com.

19th September 2015

Three Bedroom House, Ifield, Crawley

Some property investors are concerned about buying leasehold properties. They’re worried, for example, about the maintenance charges levied by the freeholder, what happens to the communal areas in the case of flats etc.. etc….

Investing in leasehold properties is fine in our opinion. However, freehold properties are equally as good. So, if you feel happier owning the freehold, why make life more difficult for yourself by buying leasehold ! ?

So, here’s a potential freehold investment property. It is a 3 bed terraced house in Ifield, Crawley, close to Ifield train station. In good condition, these types of properties will normally rent for upwards of £1200pcm. This property is marketed by King & Chasemore, Crawley, with a guide price of £270 000. For more details, here’s the Rigtmove link: http://www.rightmove.co.uk/property-for-sale/property-54774053.html

Treyford 19-9-15From the marketing photos the property looks in good condition (but do please check !) and has a garage en bloc. There are also local schools close by, which brings us nicely on to the subject of the type of potential tenants properties like this will tend to attract. Any guesses ?

If marketed in the right way a property like this 3 bedroom house will, of course, attract families. Proximity to schools is very often a major consideration for these types of tenants and this property has both primary & secondary schools close by.  If you’d like to know more about letting these types of properties – both pros & cons – we have a free guide to help you. Just send us an e-mail and we’ll forward it on.

Back to the figures…what about the yield ?

Well, based on the guide price and a rental figure of around £1200 pcm, you would expect a maximum gross annual yield of 5.3 %. With a bit of tough negotiation, however, you might be able to get a price reduction & improve the yield figures. As estate agents ourselves we can give a bit of “inside information” – strictly legal of course ! – about presenting any offer you care to make in the best possible light. Just let us know and we’ll forward the information to you.

If you’re looking for property investments in and around Crawley, or would like a an independent opinion on a property you have your eye on or are buying through another agent, why not give us a call. We’re on 01293 515588. You can also e-mail us on crawley@northwooduk.com.

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 .

1st July 2015

3 bedroom house, Ifield, Crawley

If you’re looking to invest in a family home you may well end up with less turnover of tenants. Families tend to stay for longer on average once children get settled in to schools etc…

Here’s the type of property you may want to consider in Mendip Close, Ifield, Crawley. On the market at £265000 with Cubitt & West, we would expect the property to let for £1150 to £1200 pcm. This give a gross annual yield of between 5.2% and 5.4%

Mendip Cl 1-7-15Here’s the Rightmove link:https://www.rightmove.co.uk/rmplus/property/showPropertyMcr.action?propertyId=50682322#

If 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 us a crawley@northwooduk.com .