I saw this little one bedroom house come on the market with
our friends on Crawley High Street, Mansell McTaggart. The house is quite
quirky in that the bedroom is “gallery” style above the living area. You
can see the pictures & floorplan by clicking below.
Quirky is all very well but would it make a good
investment. Another agent in town is currently advertising one of these
houses at £875, it has been enlarged by the addition of a conservatory but
there would be no harm advertising the house listed above at £800. The
house would score highly with most tenants because of its Pound Hill location,
parking and private garden. If purchased at the asking price & rented
at £800 the gross yield is 5.4%. However I did read somewhere the other
day that 75% of sold properties were not achieving their initial asking price
so there could be room to improve the yield even further.
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