Monday 24 November 2014

Buy-to-let deal of the week: 2 bed house in Chichester, £200,000, 5% yield

This week's 'buy-to-let deal of the week' practically wrote itself....

The day after finishing last week's article for the newspaper, I noticed the unsold house on Chatsworth Road that I mentioned had been reduced by £20,000!

That means this 2 bed mid-terrace on a popular street in Chichester is now priced at £200,000.

It has some rather 'individual' decor inside, so a few coats of a more neutral colour could be in order. But with gas central heating, double glazing, two decent sized bedrooms plus the addition of a conservatory at the back, it has all the makings of a good starter home.

Having previously sold for £167,000 in December 2008 (bang on the bottom of the market), this indicates a near 20% increase in value in 6 years, which suggests there's good potential for future capital growth too.

I think this would rent quickly for around £825pcm, maybe even a little more as tenant demand is strong at the moment and there's not many other 2 bed houses in this price range.

It's also good to know (as per the article) that it should sell easily when you want to exit your investment.

Full details can be found on Rightmove via the following link:

chichester buy to let property front

chichester buy to let property kitchen

chichester buy to let property lounge


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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