Tuesday, 19 August 2014

Investment Opportunity - Southgate

With house prices being at their highest level we worry there aren’t any good investments to be had in Crawley.  But I think there are – I saw this 3 bedroom house come on the market this morning with Connells in Crawley High Street.

Investors might gasp at the £220,000 price tag but with a little bit of touching up these properties will rent for £1100 per month to a family – that’s a 5.7% yield which is pretty good on a 3 bedroom house.  Renting to a single family will give any landlord an easier life and a more stable let.  Southgate has always been popular with tenants, it is close to Town, has great links to Gatwick and is a traditional family neighbourhood.  The price may seem high but doing a quick search on Rightmove is showing similar properties in the £230,000 to £240,000 price range.      

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