2 bed houses on Arundel Park have featured several times as my 'buy-to-let deals of the week'. This is for good reason; having identified houses as a preferred investment option over flats, these starter houses are affordable, rent well and offer a decent yield. There is also good potential for capital growth and they are proven to sell well too should you wish to release capital.
This 2 bed house is on Buckingham Drive, which is a nice part of Arundel Park as it's a little further away from the train line. It's a little smaller than some of the 2 beds I've previously featured, which is particularly noticeable in bedroom 2 not being a double bedroom. Even so, for a young couple using bedroom 2 as a study or baby room, that shouldn't impact on the rentability too much.
With a new boiler to the gas central heating, replacement double glazing, a pretty garden and the bonus of a garage, it should rent quickly at £850pcm, giving you a 4.9% yield based on paying the full asking price of £209,995.
Full details can be found on Rightmove via the following link:
www.rightmove.co.uk/property-for-sale/property-48656696.html
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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.
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