There was a time when Horsham was Number One on Kirstie & Phils best place to buy a property and investors should take a look at the new Horsham Gates development. With one bedroom flats starting at £142,500 the development will offer an exciting investment potential.
The flats are literally just up the road from Horsham mainline station and with some trains to London Victoria taking only 54 minutes the properties will be in high demand from commuters. Gatwick workers are well served too with a 22 minute commute and up to 7 trains an hour to the Airport railway station. As with all new builds the properties are “compact” but being brand new and perfectly sited in the town they will attract a good rent. Being a bit smaller these would probably rent for around the £750 a month, giving a yield of 6.3%. Larger 1 bedroom flats in the development are being marketed at £185,000 and would rent at the higher figure of £850 but would still achieve a yield of over 5%.