Thursday, 18 August 2016

Crawley Property Investment - Commonwealth Drive

The Crawley Rental market is booming with many workers coming in to the area to work at Gatwick Airport, Manor Royal Industrial Estate or the influx of international accountancy firms in Crawley Town Centre.  Sharers will always prefer properties that have similar sized bedrooms and I have seen this recently reduced apartment being advertised with my neighbour, Zoom995.  You can view the details by clicking the link:
The development at Commonwealth Drive is in a fabulous position for commuters and town workers alike.  Located halfway between Three Bridges mainline railway station and Crawley Town Centre the transport links to Gatwick Airport, London Victoria or London Bridge Stations are within easy reach.  The apartment has two double bedrooms and from the photo’s on the listing they both look a good size and would suit sharers.  Hopefully the tenants would have a maximum of one car because this apartment has the benefit of one space in the underground carpark and parking elsewhere on the development is very tight.  At an achievable rent of £1050pcm the reduced price of £234,950 would achieve a yield of 5.3% but depending on how quick the owner wishes to sell they may accept a lower offer.  I have seen similar properties in the same development are being advertised at the lower price of £230,000.  Landlords need to be aware that the ground rent and service charges at this development are in excess of £100 per month and the additional property stamp duty would generate a bill of £9,248.00.  
Commonwealth Drive, Crawley Town Centre

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