Monday, 9 February 2015

Buy-to-let deal of the week: 2 bed house in Chichester, £209,950, 4.9% yield:

They say never judge a book by its cover and I think that's appropriate for property sometimes too.

Not exactly a 'looker' from the outside, this 2 bed house could be a great investment for someone willing to look beyond its initial kerb appeal.

It offers spacious accommodation, including 2 large double bedrooms, a modern kitchen and upstairs bathroom as well as double glazing and gas central heating. It is in fantastic condition, with modern neutral decor throughout, meaning it is ready to let straight away.

I have just been notified of a price reduction to £209,950, meaning a potential 4.9% yield if it were rented out for an easily attainable £850pcm.

It last sold for £175,000 in May 2009 (just about the bottom of the market) so the 20% increase in price since then is not unreasonable and also shows the decent capital growth that this property is capable of achieving.

Full details can be found on Rightmove via the following link:
http://www.rightmove.co.uk/property-for-sale/property-47922940.html

chichester buy-to-let front

chichester buy-to-let lounge kitchen

chichester buy-to-let bedroom

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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:


c/o CRJ Lettings, 30B Southgate, Chichester, West Sussex, PO19 1DP
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Location: Chichester, West Sussex, UK

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