Monday 13 October 2014

Buy-to-let deal of the day: 1 bed flat in Chichester, £115,000, 6% yield

I spotted this one bed flat a few weeks ago whilst doing my normal search through Rightmove, nearly making it my buy-to-let deal of the week. It was £124,995 back then and now its been reduced by nearly £10,000 to an attention grabbing £115,000.

Whilst I don't normally recommend flats, this one comes with a brand new 125 year lease and a stonking 6% yield! The ground rent (£40pa) and service charges (£330pa) are reasonable enough that even factoring these costs in, your yield would still be 5.7% based on the recently reduced asking price.

It's in good condition too, with fresh decor, a modern kitchen, double glazing and gas central heating (even the boiler looks in decent nick!).

It could prove to be a trouble free buy-to-let for someone, ready to rent out straight away for around £575pcm.

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

chichester buy to let property front

chichester buy to let property lounge

chichester buy to let property kitchen


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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