Buy-to-let deal of the week: 3 bed house in Chichester, £210,000, 5% yield

I've featured a couple of 2 bedroom houses on the Arundel Park estate as my previous 'buy-to-let deal of the week'. This time, for not much more than the 2 bed houses, is a 3 bed end-terrace on Caernarvon Road.

Admittedly it needs a little updating inside, including a new kitchen, decoration and carpets. And whilst it benefits from gas central heating already, unfortunately the wooden framed single-glazed windows should really be replaced for new double glazing.

Even factoring in around £10,000 to do all the necessary work (which should provide a decent uplift in value) I feel this sizeable property in a popular location could be a good investment. On at an asking price of £210,000, once done up I think it could rent for around £925pcm, representing a solid 5% yield.

It's on with Stride and Son and full details can be found on Rightmove via the following link:
http://www.rightmove.co.uk/property-for-sale/property-46625812.html

___________________________________

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:

Follow The Buy-To-Let Property Investment Market in Chichester

Chichester Property Market LinkedIn Page for Clive Janes

CRJ Letting Agents Chichester Facebook Page

CRJ Letting Agents Chichester Twitter Page

Chichester Investment Property Management Specialist CRJ Letting Agents Website

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

__________________________________