2-bedroom flat · RH10 6TR
For saleListed 74 days
Opportunity summary
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About
Service charge (For Leasehold tenure): £823.58 per year. Ground rent (For Leasehold tenure): £576 per year.
Positioned in a quiet residential close within the highly favoured neighbourhood of Southgate, this first-floor two-bedroom maisonette offers a practical layout, excellent proportions, and the distinct advantage of its own private front door.
Offered to the market with no onward chain, the property is an ideal prospect for first-time buyers or buy-to-let investors.
The Property Entrance is via a private ground-floor front door, opening to a lobby with a practical storage cupboard for coats and shoes, with stairs leading directly to the first-floor landing.
The living room is well sized, bright and spacious, with a dining area.
This versatile room comfortably accommodates both a full seating area and a small dining table, making it a highly functional hub for daily living.
Positioned directly off the dining area is a modern, separate kitchen.
It is well-arranged with a comprehensive range of wall and base units, an integrated electric oven with a gas hob, and a washing machine.
A front-facing window overlooks the quiet close and the allocated parking.
The main bedroom is a comfortable double, the second bedroom is also a double, offering flexibility to be utilised as a guest room or a dedicated home office.
Finally, there is a clean, contemporary bathroom suite, complete with a panelled bath with an electric overhead shower, a pedestal hand wash basin, and a low-level WC.
Outside & Parking The property benefits from one allocated parking space situated directly opposite the entrance, alongside accessible visitor parking bays at the entrance to the close.
Location & Connectivity Southgate remains one of Crawley’s most sought-after areas.
The property is within short walking distance of Crawley town centre, offering an array of high-street shopping, restaurants, and leisure facilities.
For commuters, Crawley Railway Station is easily reachable on foot, providing direct services into London Victoria and London Bridge in approximately 35 minutes.
Gatwick Airport and the M23 corridor are also just a short drive away. The location is also served by a number of regular bus routes.
Investor Appeal With an EPC rating of C (highly compliant with modern letting regulations) and a realistic market rent of approx £1,300 pcm, this property represents a low-maintenance addition to any portfolio, offering an attractive gross yield of approximately 7.25%.
Leaseholder Advantage Under the Leasehold & Freehold Reform Act, the incoming buyer has the immediate statutory right post-completion (with no two-year waiting period) to extend the lease to 990 years and legally reduce the ground rent to a peppercorn, significantly enhancing the long-term value of the asset.
Mandatory Material Information Table Information Category Property Details (7 Saltdean Close, RH10 6TR) Property Type First-Floor Maisonette (Standard Brick & Tile Construction) Tenure Leasehold Lease Term Remaining 117 Years (125 years from 25 December 2018) Ground Rent £48 per month (£576 per annum) Service/Maintenance Charge £823.58 per annum (for insurance & private road upkeep) Council Tax Band Band B (Crawley Borough Council) EPC Rating C Electricity Supply Mains connection Water & Sewerage Mains water and mains drainage Heating Source Gas central heating (mains gas) Broadband Speed Standard, Superfast & Ultrafast available (Up to 1000Mbps via Openreach/Virgin) Mobile Coverage Strong coverage across O2, EE, Vodafone, and Three Parking One allocated space opposite + visitor parking bays Flood Risk Very Low risk from rivers, seas, and surface water Rights & Easements (Title C1 & C2) Subject to legal rights of access for public/estate utility services, sewers, and mains drainage (Conveyances 1946 & 1984) Covenants & Restrictions (Title A3) Standard leasehold covenants apply; lease restricts alienation/sub-letting without consent (refer to legal pack) Property additional info Lounge/Dining Room: 19' 2" x 9' 10" (5.84m x 3.00m) Bedroom 1: 12' 1" x 9' 8" (3.68m x 2.95m) Kitchen: 10' x 6' 2" (3.05m x 1.88m) Bathroom Bedroom 2: 6' 9" x 9' 11" (2.06m x 3.02m) Entrance Roof type: Others.
Mobile signal/coverage: Good. Flooded in the last 5 years: No. Construction materials used: Brick and block. Water source: Direct mains water. Electricity source: National Grid.
Sewerage arrangements: Standard UK domestic. Heating Supply: Central heating (electric). Broadband internet type: FTTP (fibre to the premises). Parking Availability: Yes.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About 7 Saltdean Close, CRAWLEY
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