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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