ADDRESS2 Hunter Road, Crawley, West Sussex, RH10 6DD
TYPEHouse, Mixed Use, Other, Residential, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON10th August 2021
This is a fantastic opportunity to purchase an established, up and running HMO in Crawley. This is an end-terraced property and it comprises an open plan style kitchen/living area, 6 bedrooms, 3 bathrooms (2 en-suite), and 1 WC. Additionally, there is one off-street car parking spot. The property is well maintained and in very good condition. The Gross Income is £37,980 per annum and the Gross Yield is 8.44%.
The property benefits from being on a quiet residential street and close to the centre of Crawley. The property is close to the County Mall shopping centre which is a 12-minute walk away and the local park is a 10-minute walk away from the Southgate park. It is also ideally located to transport links, the Gatwick Fastway bus stop, 'Southgate Avenue South' is located a 3-minute walk which is direct to the airport within 20 minutes. Hence, the property is a popular location for tenants working at the airport. Crawley train station is also within a 20-minute walk.
Income; *Please note there has been a reduction in some room prices with COVID* potential to raise the rents back up to standard in the future.
Room 1 - £550 / Room 2 - £450 / Room 3 - £460 /
Room 4 - £450 / Room 5 - £630 / Room 6 - £625
Total; £3,165 PCM / £37,980 PA
Gas - £74.47 / Electric - £76.25 / Water - £32.68 / Council Tax - £194 / TV License - £13.20 / Broadband - £75.50 / Cleaner - £79.20 / Management - £474.75