In yesterdays blog story at mycrawleyhome.com I wrote about landlords
traditionally buying at the bottom of the market, today I have seen this studio
apartment in Ifield come to market with local agent King & Chasemore. You can view the details by clicking the
following link.
Studio apartments are the first rung on the ladder for
single occupants and quite often rented as a temporary home by workers moving into
the area who are not familiar with the town.
With the price tag at £125,000 and an expected rent of £650 we would
achieve a yield in excess of 6%.
Landlords should bear in mind that studios will rent quicker as a furnished
let, the tenants would be very unlikely to come with their own furniture. In many cases we would also expect to provide
the basic crockery and cookware in the kitchen.
Camelot Court has ample parking for those with a car and is within
striking distance of Ifield Station for connections to Horsham, Crawley, Gatwick and beyond. The studio room is spacious and bright with a double aspect and has a good range of storage cupboards. Investors should bear in mind
that they’ll be paying £3750 in stamp duty whilst a purchaser buying it as
their only home will be paying nothing in stamp duty.
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| Camelot Court - Ifield |
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