Tuesday, 2 August 2016

Tollgate Hill Maisonette

On my daily trawl of the property listings I came across this 1 bedroom maisonette in leafy Tollgate Hill being marketed by the local agent, Homes Partnership.  We rent many of these in this location and the ground floor maisonettes are especially popular because they each have a private garden.  You can view the listing on rightmove by clicking here:

The rent for this property is currently £800 per calendar month which would give a yield of 5%.  Landlords need to be aware of the £6500 stamp duty they will be paying but at least they’ll be safe in the knowledge that there will be no shortage of demand from tenants.  Just a short walk from a No.10 Fastway bus stop gives easy access to Gatwick and the M23 junction at Pease Pottage is a few minutes drive for any tenant that commutes.  

What I found most interesting is the £180,000 asking price is 9% higher than the actual sold price of a similar maisonette that sold only a year ago in the same development.  
Hillingdale - Tollgate Hill

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