Monday, 8 June 2015

Crawley Landlords Enjoy Capital Growth

I have recently been speaking with a number of Crawley landlords about the importance of a balanced portfolio of rental property.  Mortgage lenders will always concentrate on the monthly returns and aim for high yields but with property prices in Sussex increasing faster than the national average landlords must not forget capital growth as the reason for their investment.   

A 2 bedroom house we recently let in Golding Close, Maidenbower was rented at £1100 per month.  The house is currently valued at £285,000 which would only give a yield of 4.6% if purchased and let out today.  However the current landlords bought the property in 2010 for £221,000 and if the current valuation is correct they have enjoyed a capital growth of 30%, outstripping any return from bank or building society.   

Whether you are a first time investor or experienced landlord and considering your next buy to let purchase contact me in our Crawley office for advice on the local market. 

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