Studio flat for sale

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Studio flat for sale

Southbrook, Tollgate Hill, Crawley, RH11
£125,000

Price History

Initial price £130,000
24/04/25 £125,000
Price Change -3.85%

Description

This ground floor studio apartment in the popular Tollgate Hill area of Crawley offers a unique investment opportunity or first-time buyer's dream home. With a 954-year lease, the property boasts a modern refitted kitchen and bathroom, as well as a recently replaced hot water cylinder and immersion. The apartment also features an allocated parking space and is situated in a convenient location. With an estimated market rent of £900 per month and a gross yield of 8.64%, this property presents a lucrative investment opportunity. Additionally, the property benefits from mains supplies, including electric, water, and drainage. With a peppercorn ground rent and a service charge of £83.54 per month, this property offers excellent value for money.