Tuesday, 15 July 2014

Central Crawley Apartment with 6.2% Yield

When the old Crawley swimming pool and sports centre was demolished who knew the area would be transformed into one of Crawley’s most sought after developments for rental property.  I have seen this 2 bedroom apartment come on to the market with Mansell McTaggart at a price that would make it a great investment.

I believe it is the location of the development that fuels the great demand for these apartments, they are within walking distance of Crawley town centre, Crawley train station and Three Bridges train station with its direct trains to London Victoria & London Bridge.  Not forgetting that underground parking and ensuite bathrooms also score highly on tenants wish lists.

Finding a tenant at the rental value of just under £1000 per month is the easy part, perhaps more difficult is actually purchasing the property at the advertised price of £190,000 to achieve the rental yield of 6.2%.

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