Thursday, 5 March 2015

A Little Different

I saw this little one bedroom house come on the market with our friends on Crawley High Street, Mansell McTaggart.  The house is quite quirky in that the bedroom is “gallery” style above the living area.  You can see the pictures & floorplan by clicking below.

Quirky is all very well but would it make a good investment.  Another agent in town is currently advertising one of these houses at £875, it has been enlarged by the addition of a conservatory but there would be no harm advertising the house listed above at £800.  The house would score highly with most tenants because of its Pound Hill location, parking and private garden.  If purchased at the asking price & rented at £800 the gross yield is 5.4%.  However I did read somewhere the other day that 75% of sold properties were not achieving their initial asking price so there could be room to improve the yield even further.

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