Friday, 26 June 2015

Gossops Green is Great for long term tenancies

Any landlord looking for a long term investment would be wise to look at the potential of the three bedroom house in the Gossops Green area of Crawley.   It is being marketed with local agent Northwood at a guide price of £240,000.

Gossops Green is one of those “middle of the market areas” of the town.  It is close to the railway station at Ifield but has never achieved the commuter status of the neighbourhoods on the east side of Crawley.  However – what it does do well is attract long term tenancies.  The average length of the tenancies in the properties I rent in the surrounding roads is in excess of 5 years.  These are family homes in an area popular with families with school age children.  The schools in Bewbush, Ifield and Gossops Green are easily accesible as well as Ifield Community College and St Wilfrids Catholic Scholl for the older children,   The current rental prices of £1100 per calendar month will result in a gross yield of 5.5% and with the average capital gain of 40% over the last 10 years it could make a solid investment.
Gossops Green Family Home

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