Monday, 19 January 2015

Buy-to-let deal of the week: 3 bed house in Chichester, £250,000, 4.7% yield

This 3 bedroom house, about 1 mile East of Chichester's city centre, is in a truly immaculate condition throughout.

It looks to have been re-decorated and re-carpeted throughout, with a new kitchen and new upstairs 4-piece bathroom. This means it is ready to rent out and should provide minimal on-going maintenance as it has been modernised inside.

It's good size (2 double bedrooms and a large single), excellent condition and proximity to the city centre means it should rent out quickly for around £975pcm. This would provide a 4.7% yield, based on paying the full asking price of £250,000.

One downside is a lack of gas central heating, although I suppose it saves you the hassle of the gas safety certificate each year! It would've been nice too had they re-configured the downstairs ever so slightly so as to provide a larger kitchen/diner rather than the long narrow kitchen it has now.

A similar property sold in 2010 (bottom of the market) for £185,000, proving this particular street has good potential for capital growth, having seen a 35% increase in that time. 

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


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. 


Chichester buy-to-let front

Chichester buy-to-let kitchen

Chichester buy-to-let lounge

___________________________________

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:


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

Posted by at
Labels: , ,
Location: Chichester, West Sussex, UK

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)