1-bedroom house · RH10 3NL
To rentListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Homes Partnership Lettings & Management is delighted to offer to let this double room with en-suite shower room in Pound Hill, with the water charges and council tax included.
The room is accessed via the communal hallway and is benefits from a double fitted wardrobe, worktop area, microwave and fridge/freezer.
A refitted shower room is also a real feature of this apartment. Communal facilities include a kitchen with cooking and washing up facilities and a communal washing machine (charges apply).
Outside there is provision for 1 x car parking in The Parsons Pig car parking area.
In our opinion this would be a great base for an airport worker or someone needing Manor Royal and we would urge an early viewing.
The apartment is available for immediate occupancy on an unfurnished basis.
Location The ever popular Pound Hill is located on the east of Crawley and is bordered by Three Bridges and Manor Royal to the west and Maidenbower to the south.
It is one of the largest local neighbourhoods and has a variety of housing from first time buyer flats to executive detached houses approaching £1,000,000.
There are two parades of shops, three pubs, three churches and surgeries in the area.
Schooling includes an infant school, junior school, primary school and large parts of the neighbourhood fall within the catchment area of Hazelwick School in Three Bridges.
There is a bowls club, and Worth Park Gardens offer formal gardens and lake, croquet lawn and tennis court; some of the beautiful trees in the gardens date back to the original planting in the 1840s!
Pound Hill is serviced by the Metrobus routes and Three Bridges mainline train station is easily accessible with fast and direct routes to London and Brighton.
Communal Entrance Communal entrance accessed via a private entrance facing onto the Balcombe Road. Communal stairway leading to the first floor hallway.
Doors to the communal kitchen, communal laundry room and the studio apartment.
Studio (3.64m x 3.60m) Spacious studio area, carpeted flooring, wall mounted electric heater, built-in wardrobe and high level cupboard housing the fuse board and prepayment meter for the electricity.
Freestanding fridge with freezer box and work top space above. Single glazed, wooden framed window.
Shower Room Refitted private shower room white a white suite comprising of a pedestal wash hand basin and low level WC. Tiled walls. Glass shower enclosure with wall mounted electric shower.
Single glazed, wooden framed window. Communal Kitchen Communal kitchen with cooking and washing facilities shared amongst three other studio apartments.
Communal Laundry Area Communal laundry area with a washing machine (prepayment) for shared use amongst the the other studio apartments.
Summary Of Charges To Tenants Money due to reserve a property: Holding Deposit: Equivalent to 1 Weeks' Rent Money due in cleared funds prior to the start of tenancy: One month's rent in advance Dilapidations Deposit (Equivalent to one month's rent) Material Information Holding Deposit Amount: Equivalent to one weeks rent | Broadband information: For specific information please go to | Mobile Coverage: For specific information please go to Parking - Off Street 1 x Car to be provided with unrestricted access to The Parsons Pig car park
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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.
Area
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FAQ
About Flat 3, The Parsons Pig, Balcombe Road, Crawley, Crawley
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