With house prices being at their highest level & the government
taking a bigger slice of the landlords income we worry there aren’t any good
investments to be had in Crawley. But I
think there are – this 3 bedroom house come on the market this week Mansell McTaggart
in Crawley High Street.
Investors might gasp at the £260,000 price tag but the hard
work has already been done – it looks to be in move in condition. Now it’s not just sales prices that have been
climbing, we have recently let a similar end of terrace house in Bewbush for
£1150 per month, that’s a yield of 5.3%. Rents in this part of town have risen by over
20% in the last three years and if the current commentators are to be believed,
they show few signs of slowing down. The
new stamp duty rules would increase the stamp duty bill by an additional £7800 but those
investors with a long term view would be happy to recoup from the capital gains
tax when the property is disposed of.
For any advice on rental prices or the Crawley rental market don’t
hesitate to get in touch.
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| 3 Bedroom House - Bewbush |
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