Buy-to-let deal of the week: 2 bed house in Tangmere, £210,000, 4.6% yield

This 2 bed house in Tangmere is in excellent condition, ready to let out immediately for around £800pcm. At the purchase price of £210,000, that would generate a yield of 4.6% with very little hassle.

The property is of a good size with two double bedrooms and a spacious conservatory off of the lounge, via bi-folding doors. It also has a garden, downstairs cloakroom, modern kitchen, gas central heating via a replacement boiler and UPVC double glazing. It also comes with the benefit of a garage, which could either be retained or rented seperately for a little extra income.

A similar property (which was in need of a new bathroom and kitchen) in the street sold in November 2013 for £180,000. This would suggest the street has seen an impressive double-digit percentage rise in a little over a year.

Full details can be found on Rightmove via the following link:
www.rightmove.co.uk/property-for-sale/property-47390353.html

If you'd like my honest opinion (and a few stats) about a property you are considering purchasing for buy-to-let, please get in touch.

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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.

Don't forget to visit the links below to view my previous buy-to-let deals and Chichester Property News articles:

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