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: http://www.rightmove.co.uk/property-for-sale/property-32127672.html
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: http://www.rightmove.co.uk/property-for-sale/property-32127672.html
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E-mail me on clive@crjlettings.co.uk or call 01243 624 599.
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