This property offers a compelling opportunity for investors in Crawley, currently operating as a fully licensed House in Multiple Occupation (HMO). With five generously sized bedrooms and the potential to add a sixth, there is significant scope for growth in both rental income and capital appreciation.
The residence features a modern kitchen equipped with integrated appliances and ample storage solutions, making it suitable for communal living. The shared living space fosters a welcoming atmosphere among tenants. Outdoors, the large rear garden provides additional value, featuring a canopy and external shed for extra storage needs.
Strategically located near the town center, this property benefits from excellent access to public transport and nearby amenities, which consistently attract tenants. The local market remains robust with high demand for rental properties in this area.
Currently, the achievable monthly rental income breaks down as follows: £650 for the downstairs single room; £725 for the larger downstairs double; and £700 each for three spacious upstairs doubles. This totals approximately £3,475 per month or an annualized figure of around £41,700—yielding an impressive 8.9%. The prospect of extending to include a sixth bedroom (subject to planning permission) could enhance these figures even further.
For investors looking for solid returns in a desirable locale with sustained tenant demand, this property presents a low-risk investment opportunity. Viewings are available by appointment only to provide prospective buyers with an in-depth look at the property's features and its potential. Contact us today to explore this promising investment further.
