Thursday, 23 July 2015

6% Yield in Wonderful West Green

Cheviot Close, West Green, Crawley

With rental prices shooting ever upwards but sales prices seeming to stall how about this one bedroom maisonette in the West Green area of Crawley.  Currently marketed by new agent Blakemore & Sons it would make the ideal first investment purchase with a possible 6% yield.

Summer is traditionally a quieter time for the sales market.  However it does make it a good time to buy before the prices start increasing again when the market heats up after the holidays.
This property in Cheviot Close is not the biggest one bedroom property in Crawley but would make the perfect home for an individual or young couple because the maisonette is located reasonably close to the town centre and very close to Crawley Hospital.  The rents on one bedroom properties currently are nudging up to £795 per month and if achieved would result in a yield of 6%.  Looking back ten years these properties were selling at £128,000 and therefore have enjoyed a capital increase of 30%. 

If you have seen any properties that interest you & would like a rental agents thoughts you are welcome to contact me at the Martin & Co office on Orchard Street, Crawley Town Centre.
St Peters Church, West Green, Crawley

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