Situated just to the side of Gatwick Airport the town of Horley enjoys a strong demand for rental properties. One of the areas that always generates a great deal of interest is Langshott, on the east side of Horley. Started in the 1980’s it is still being added to today, the newest part, the Acres completed late last year. There is a full range of property from detached houses at £475,000 to 2 bedroom apartments under £200,000. All of these properties are a short walk from the town centre and train station and only minutes from the Fastway bus service with its direct connection to both terminals at Gatwick Airport.
Of the 37 properties for sale today in the Langshott area, 27 of them have a buyer and are sold subject to contract demonstrating that if you want to sell, the chances of finding a buyer are good. The great news for home owners is that average prices over the last five years have outperformed the local market by 11%. Average prices on Langshott have risen by 20% whilst the average rise in the more general Horley area has been 18% over the last five years. The good news also extends to investors with high demand leading and high rents resulting in decent yields with minimal void periods. New build properties don’t always have the greatest yields but we let a 2 bedroom, 2 bathroom brand new house in Coppice Lane with a very respectable yield of 5.2%.