Tag: Pembroke Park-Crawley

21st January 2016

2 Bedroom Apartment, Three Bridges, Crawley

The Pembroke Park development in Three Bridges, Crawley is ever popular with both tenants and investors alike. Here’s a 2 bedroom apartment on the development being marketed by estate agents Moore & Partners with a guide price of £210000. The property details indicate a price range of £210000 to £230000. For a closer look here is Rightmove link :  http://www.rightmove.co.uk/property-for-sale/property-39221817.html

Commonealth Dr 18-1-16

The property looks to be in good condition from the marketing photos and the apartment block itself benefits from lift access – always useful for carrying the weekly shopping ! In addition, there is a an underground parking space, a balcony and the property is offered with no chain. Other similar apartments are being offered mostly at slightly higher prices, although the vendors here would presumably like to get as close to £230 000 as they could.

As we’ve said before, flats at Pembroke Park are in an excellent location for access to Three Bridges mainline station (fast trains to London & the South Coast), Manor Royal and Gatwick Airport.

Properties like the apartment featured here attract couples as well as professional sharers. It is therefore good to know that the main family bathroom has a shower over the bath, with tiling up to the ceiling in the “bath area”.

In terms of rent, these apartments are now commanding between £1000 and £1100 pcm. Taking the best and worse case scenarios in terms of purchase price paid and rent achieved, you get a potential range of gross rental yields between 5.2% & 6.3%. Pretty healthy indeed.

If you’re considering investing in property in and around the Crawley area, either now or some time in the future, you can always give us a call for a chat. Our advice is free and if we don’t know the answer to your question, we  almost certainly “know a man who does” ! So, give us a call on 01293 515588 or alternatively drop us an e-mail to crawley@northwooduk.com.

 

 

 

 

19th November 2015

1 bedroom flat, Three Bridges, Crawley

Greenaway estate agents have just put this 1 bedroom flat on to Rightmove, with an asking price range of £175000 to £185000. Located at the popular Pemroke Park development, it comes with an underground parking space and has a balcony.  Here’s the Rightmove link for further details: http://www.rightmove.co.uk/property-for-sale/property-35472354.html

Pembroke Pk 19-11-15

As we’ve said before, location is vital when you’re considering property investment. It is one of the key factors in determing the length of void periods you might suffer during your ownership of the property.

Location is very good for this particular devlopment which, as a consequence, is popular with tenants and investors alike. If you’re familiar with Crawley, the flat is well placed for access to Three Bridges main line station (fast trains to London), Gatwick airport, Crawley town centre and just a short drive to the Manor Royal industrial estate. So, in our opinion, location is very good.

So what about the yield ?

Flats like this rent for between £825pcm and £875pcm at the present time. Based on the asking price & rent ranges, the gross rental yields are between 5.4% to 6%. Not bad at all, in our opinion.

If you’re looking to purchase an investment property now or in the future, do give us a call on 01293 515588. Even if you’re buying a property through a “rival” agency, we’d be more than happy to view it and give our opinion on the potential yield you might achieve. What do we charge for this service, I hear you ask ! To you Sir, to you Madam…. it’s free. But please, don’t let on to  anyone else ! Alternatively, you can also e-mail us on crawley@northwooduk.com.