Friday, 17 February 2017

Crawley Property Investment - Maisonette with 6% yield

I have previously highlighted many Tilgate properties & if you missed those here is another.
This great little maisonette is on to the market with local agent Taylor Robinson in the Tilgate area of Crawley and would make a solid rental investment, you can view the details by clicking the link below.

Having checked through the data these properties were selling for £130,000 in 2006, today’s asking price represents an astonishing 54% increase in capital value over the last decade.  Built by the new town commission between 1955 & 1958 the area of Tilgate included a diverse range of flats, houses, maisonettes and bungalows designed to ensure a balanced social mix in the neighbourhood.  This maisonette benefits from generous room sizes, a separate kitchen and its own private garden.  Always popular with tenants, I have let a number of these properties, the last one rented over a year ago at £925 per month which even at today’s asking price is still a 6% yield.  Famed for its park, nature centre and lake, the Tilgate area of Crawley is favoured by young families because of the access to schools and the extensive leisure facilities.  Not to mention the well-equipped K2 centre with pools, gym and sports facilities.  Investors would need to take into account the £7500 stamp duty due if the purchase price remained at £200,000.

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