Wednesday, 28 September 2016

Looking to invest in the Crawley property market? How about this flat in Ifield.

I have to admit to being a bit of a sucker for these maisonettes.  Not only do I already rent out a lot of them but I grew up in one these, it was the first property my parents had when they moved to Crawley in the late sixties (obviously I was born much later….!!).  This one is in the very popular area of Ifield and is being marketed by local agent Moore & Partners, you can view the details on Rightmove by clicking the link below:

Built by the new town commission these properties have excellent room sizes making them an ideal choice for couples and young families alike.  The separate kitchen and large garden will appeal to a family and could lead to a long term tenancy, especially as Ifield has a good range of schools.  The asking price of this property is 37.5% higher than a similar flat that was marketed in 2013 which shows just how much the sales market has moved upwards over the last few years.  However, as a rental property and long term investment, it’s the current yield of 5.2% that would interest investors and that is based on the current asking price of £220,000.  Landlords would need to be aware that the additional stamp duty will cost them £8500.  If you are considering an investment purchase or have a property to sell please contact me at the Martin & Co office in Crawley town centre.  
Loxwood Walk, Ifield

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