Wednesday, 4 May 2016

Nearly 6% yield in Northgate

All the pundits have been saying there has been a general slowdown on the number of properties coming to market which has in turn led to fewer hot properties showing up on the listings.  But I saw this wonderfully located one bedroom maisonette in Glenview Close, Northgate come on with Arington.

I know these make great rentals, I already have tenants living in the same street.  Located in Nothgate the road is very close to the major employers on Crawley Industrial Estate.  The Thales, Veritas and Virgin Holidays & Airways buildings are within a fairly short walk.  Gatwick is easily accessed via the No.10 FastWay bus and Crawley train station is 15 minutes in the opposite direction.

The highest yields are always to be found on the smaller properties and at its current price a yield of 6% is possible.  The property benefits from an enclosed kitchen rather than the current craze of having cookers and washing machines open plan to the main living area and has a decent sized double bedroom. 

If you are considering a buy to let purchase you are more than welcome to contact me for advice on the property and its appeal to the tenant market.

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