Monday 29 September 2014

Buy-to-let deal of the day - 2 bed house in Tangmere, £180,000, 5.2% yield

This 2 bed house in Tangmere could be a solid investment for both yield and capital growth.

Recently reduced by £10,000, having been on the market for just 4 weeks, suggests a deal could be done. It is already reasonably priced against similar property's recently sold and on the market now. At £180,000 and needing no more than a little decoration to give it a clean neutral look, I think it would rent comfortably at £775pcm, giving it a solid yield of 5.2%. This is very good for a freehold property just a few miles from Chichester city centre.

I think Tangmere could see decent future capital growth as Chichester gets ever more expensive and first time buyers look to move slightly further out to get better value for money.

It also comes with the added bonus of having a garage in a block, which you might be able to rent separately for a little extra income.

It's on with Whiteheads and full details can be found on Rightmove via the following link:

chichester buy to let tangmere


If you are looking for an agent that is well-establishedprofessional 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 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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