Monday, 7 March 2016

Perfect Pound Hill Pad

Every town has its favoured neighbourhoods and Pound Hill is a contender for Crawley's most sought after.  Easy access to the M23 junction 10 and the mainline railway station at Three Bridges make it ideal for commuters.  The highly rated schools in Pound Hill and neighbouring Three Bridges ensure property is in high demand and prices are high.    
Chepstow Close, Pound Hill
Shillan, the Pound Hill based agent have just listed this one bedroom maisonette in Chepstow Close, Pound Hill.
Having its own outside space and allocated parking will tick the boxes of many prospective tenants and help achieve the higher end of the rental price guide of £825 per calendar month.  The property looks to be in "move in" condition that will appeal to property investors looking to achieve a quick let.  Over the last ten years the property value and the rent have both increased at the same pace, both are showing a 30% increase compared to the 2006 levels.

Property prices have certainly moved upwards over the past 24 months but investing in good quality properties in sought after areas will ensure they remain tenanted with good quality tenants whatever happens to the housing market.  One bedroom properties with gardens have a wide appeal to young singles or couples but would also appeal to older tenants looking for a long term rental.

If you have any questions on this or any other residential property investment in the Crawley area you are welcome to contact me for advice.

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