Crawley homes are half the price per sq foot than those in South London
New research has shown that buying in Crawley offers home-buyers fantastic value for money when compared with the equivalent properties in the south of London.
Brand new two bedroom apartments are available in Crawley at just half of the price per square foot that you would pay for a property in the bottom 10% of the price range in the South London boroughs. Prices for homes in areas such as Stockwell, Wandsworth and Clapham in the South West and Southwark,, Greenwich and Blackheath in the South East average between £600 and £650 per square foot. The average price for even the cheapest 10% of properties in the area is still £437 per square foot according to recent research published by Jones Lang LaSalle.
Contrast that with new research from leading developer, Fairview New Homes, which shows that a brand new two bedroom apartment in Pembroke Park in Crawley is available for just £232 per sq foot, and it becomes obvious why more and more people are looking to Crawley as a serious alternative to living in south London.
Priced so competitively, Pembroke Park and Crawley attracts significant interest from investors.
A two bedroom apartment is available for a purchase price of £145,995 and similar properties are renting in Pembroke Park for £900pcm giving a market rental yield of 7.4%.
One investor who owns five properties in Pembroke Park comments: “The flats have proved an excellent investment for me. I paid between £147,000 and £165,000 for the apartments and I get monthly rents of between £900 and £975. The demand for the flats is such is that they have never stood empty for more than a month between tenancies.
For investors looking to buy at Pembroke Park, Fairview New Homes is presently offering a to guarantee investors an additional annual return of 2.5% - on top of the market rent. The rental guarantee runs for two full years.
One bedroom apartments are available at Pembroke Park from just £132,995 and two bedroom apartments are available from £145,995. Further details about Pembroke Park can be found at fairview.co.uk.
