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1 Bed Apartment House For Sale Commonwealth Drive, Crawley, RH10

£180,000- Apartment

Yield: 6%
1 of 11
Yield: 6%
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  • Rental Guide: £720 - £900
  • 1 Bedroom(s)
  • Description
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Key Features

  • Modern One Apartment
  • Fitted Kitchen
  • Neutral Décor Throughout
  • Communal Gardens
  • Secure Allocated Parking Space
  • Spacious Accommodation Throughout
  • Bathroom With Shower (over The Bath)
  • Radiator Heating & Double Glazing
  • Walking Distance To Town Centre/three Bridges Station
  • Further Residents & Visitors Parking
Last Updated: 13th February 2020

Description

A superior and larger than average first floor apartment with secure underground allocated parking space, located in the highly desirable Pembroke Park development in Three Bridges, within walking distance of both Crawley town centre and Three Bridges railway station.

This property is offered with neutral décor throughout and is Tenanted with an Assured Shorthold agreement which expires in August 2020.

The building is accessed via a communal entrance door with electronic fob access, or via an entry-phone system which rings through to the apartment. The communal entrance hall houses the apartment's post box and stairs and a lift lead to all floors including to the basement level where the property's allocated parking space can be found.

The front entrance door opens into a spacious hallway that features two large built in storage cupboards. Accessed from the hallway is a vast living area which is much larger than the average property in the area. The room features a large picture window that overlooks the communal gardens and local area.

The spacious fitted kitchen is fitted with shaker style units and complimenting worktops with an inset stainless steel sink with mixer tap. The worktop space is generous and provides ample space for food preparation. The kitchen features a range of integrated appliances including a built in washing machine, oven, hob and extractor fan. Further space is also provided for a fridge/freezer (provided). The walls are part tiled (splash backs) and the flooring is vinyl.

Also located off the hallway is the spacious bedroom with large window plus ample space is provided for a double bed and bedroom furniture. A wardrobe is included with the sale.

The bathroom features a paneled bath with independent shower (over the bath), low level WC with push button flush and pedestal wash hand basin. The walls are part-tiled and the flooring is vinyl.

Over and above the secure allocated basement parking space the apartment also has use of residents and visitors parking spaces, radiator central heating and double glazing throughout. The property has been kept to a high standard and must be viewed to be appreciated. There are also delightful communal gardens for residents and their visitors use plus on site there is a Tesco Express, beauty salon, children's nursery and a dental surgery.

For further details and to arrange a viewing please do not hesitate to contact Greenaway Residential Estate Agents on[use Contact Agent Button]. 

LIVING ROOM 14' 7" x 13' 1" (4.44m x 3.99m)  

KITCHEN 8' 6" x 7' 6" (2.59m x 2.29m)  

BEDROOM 10' 10" x 8' 4" (3.3m x 2.54m) max  
Agent Details
Greenaway Residential
High Street, Crawley, RH10 1DD
Show Contact Number
01293 561 188

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
5.5

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Very good rental demand in this area.
Compared to other property investments this gives a very poor return.
0

Interest Rates

Bank of England Base Rate:
0.1%
Current record low interest rates encourage house prices as it encourages people to borrow.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages will lead to steady house price growth.
5

Fiscal Policy

Stamp Duty:
£5400
9.6

Comparison with other investment alternatives

Investng in this property will give you a slightly better regular return when compared to other conservatve nvestments.
6

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

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Rental Data
1 bedroom properties in proximity are mostly listed £900 - £900 – 3 recently listed properties were found in that band. However, the highest were £950, £950, £900.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested