Wednesday, 25 January 2017

Crawley Studio Apartment – Worthwhile investment with 6% yield

Studio apartments tend to be the first rung on the property ladder for tenants or a temporary place to stay for visiting workers and experience a higher turnover of tenants than the larger properties.  But with a constant stream of workers coming to Crawley to work at Gatwick Airport the studios are always in demand.  I have seen this studio come on to the market with local agent Inspire, you can view the listing by clicking the link.

The Southgate area of Crawley has always been popular with tenants, it is walking distance  to the town centre and railway station and is well placed for access to Gatwick via the FastWay bus routes.  This block offers a large car park and the flat itself is a really good size compared to some studio apartments we have seen.  The rental value would be a minimum of £650 per month easily achieving a gross rental yield of 6% based on the asking price of £130,000.  Landlords would need to be aware that the second home stamp duty would levy a bill of £4000.  For any advice on Crawley rental properties you are welcome to contact me at the Martin & Co office in Crawley town centre. 

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