Sunday 3 August 2014

Buy-to-let deal of the day - 3 bed house Donnington - £250,000, 4.7% yield

I've been watching the development at Milestone Cottages in Donnington for a little while now. It's a small row of nine 3 bed houses just a mile South of Chichester's train station. Having been fully sold, a couple of plots have come back to the market in recent weeks and I think they offer a great low-maintenance return to investors.

Currently on the market with both Stride & Sons and Sims Williams, the remaining plots start from £250,000.

These have rented for around £975pcm previously, returning a decent 4.7% yield considering it's a brand new property complete with warranty should any maintenance crop up (could be one you save agent's management fees on and look after it yourself?)

Full details can be found on Rightmove via the following link:
http://www.rightmove.co.uk/new-homes-for-sale/property-28686219.html

FYI: There is currently one available to rent at £1,100pcm, which seems a little high but then it's a much larger plot (I don't think much of the agents description though):
http://www.rightmove.co.uk/property-to-rent/property-31751346.html

If you are considering buying a property for investment in the near future, as I don't sell property, I am always happy to give you my considered opinion on which property to buy (or not as the case may be) to give you what you want from your investment.



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If you are looking for an agent that is well-established, professional and communicative in Chichester, then contact us to find out how we can get the best out of your investment property.

E-mail me on clive@crjlettings.co.uk or call 01243 624 599.

Don't forget to visit the links below to view my previous buy-to-let deals and Chichester Property News articles:


c/o CRJ Lettings, 30B Southgate, Chichester, West Sussex, PO19 1DP
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Location: Chichester, West Sussex, UK

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