Monday 8 December 2014

Buy-to-let deal of the week: 2 bed house in Donnington, £219,950, 4.6% yield

They say good things come in small packages and this 2 bed house in Donnington is no exception. It looks positively tiny from the front yet has well-proportioned rooms inside, including 2 double bedrooms both with built-in storage cupboards.

I like Donnington as an area - it's slightly more affordable than Chichester itself yet this particular property is a mere 0.5 miles from Chichester's train station via a pleasant walk along the nearby Chichester canal.

This house previously sold for £183,000 in June 2012. Since then, property in Donnington has increased an average of 11%, so you'd think it should be on sale for around £203,000. However, in that time it's benefitted from re-decoration, a new kitchen, major spruce up of the garden and the addition of a conservatory, adding yet more usable floorspace to the decent sized starter home. It's also got the all-important double glazing, gas central heating and allocated parking for 2 cars.

Tenant demand for 2 bed houses is always strong in and around Chichester, so I think this would rent quickly for at least £850pcm. That would give a decent yield of 4.6% from a modernised freehold property, based on paying the full asking price of £219,950.

I think it's a real Christmas cracker of a property and would make a great low-hassle buy-to-let investment, producing a solid yield and good potential for future capital growth.

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

***This was sent to my newsletter subscribers last Friday and was sold over the weekend! To hear about my 'buy-to-let deal of the week' a few days early, please subscribe to my weekly newsletter via the form at the bottom of this page or by contacting me with your name and e-mail address.***

chichester buy to let house front

chichester buy to let house kitchen

chichester buy to let house 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

No comments:

Post a Comment