Rightmove is a popular property website that provides good information about properties available for sale or rent. The website allows users to search for properties based on location, price range, number of bedrooms, and other criteria, some of that data is what this article is going to look at, specifically the market activity for RH10 which has always been a popular location in Crawley. This article will provide an overview of the investment activity in RH10, based on the data provided by Rightmove for the period between 1st March and 31st March.
RH10 Property Prices
According to Rightmove's data, the average property prices in RH10 for houses with different numbers of bedrooms are as follows:
- 1 bedroom: £220,540
- 2 bedroom: £389,149
- 3 bedroom: £484,038
- 4 bedroom: £578,330
- 5 bedroom: £735,781
According to Rightmove's data, the average property prices in RH10 for flats with different numbers of bedrooms are as follows:
- 1 bedroom: £193,433
- 2 bedroom: £241,028
- 3 bedroom: £320,000
Compared to the neighbouring RH11 area, the prices in RH10 are higher for most property sizes.
RH10 Rental Prices
The average rental prices in RH10 for houses and flats with different numbers of bedrooms are as follows:
- 1 bedroom: £915
- 2 bedroom: £1,368
- 3 bedroom: £1,642
- 4 bedroom: £2,033
- 1 bedroom: £1,111
- 2 bedroom: £1,353
The data shows that the rental prices in RH10 are higher than in RH11, which has an average of £320,000 for a 3-bedroom house. This suggests that the demand for rental properties in RH10 is higher than in RH11, which could be due to the proximity of the Gatwick airport or the town's good transportation links.
RH10 Investment Potential
RH10's high property prices and rental yields make it an attractive investment option for property investors, which we have seen constantly throughout the years at Taylor Robinson.
RH10 is a high-demand area for both buying and renting properties. The area's proximity to Gatwick airport and good transport links makes it attractive for people who work in the travel, hospitality industries and for many commuters due to the good links to London via Three Bridges Station. The high rental yields and property prices make it an attractive investment option for property investors.
If you are thinking about buying a property to let out or have one currently available, please call Ben on 01293552388.