Monday 16 March 2015

BUY-TO-LET DEAL OF THE WEEK: 2 bed house in Fishbourne, £230,000, 4.6% yield:


Last week I looked at a 2 bed house in Fishbourne for £229,950 that had just hit the market....and has already sold.


This week I have another 2 bed house in Fishbourne, priced at £230,000. For the extra £50 you get a brand new house, rather than a slightly dated older property, complete with an en-suite, downstairs cloakroom and an extra 28% (168 square feet) of space compared to last week's offering.


Sounds like a deal to me!


It's on a new development of 25 two and three-bedroom homes. This particular plot (no.4) is due to be completed in the Summer, with the rest of the development continuing until the end of the year. This means the first set of tenants will be going into a shiny new home (great) but on a building site for 6 months (less great). Because of this fact I think a rent in the region of £875pcm would be easily achievable, generating a 4.6% yield....from a brand new property complete with warranty! It's likely to achieve slightly more than this once the builders are off-site but the property still maintains it's new-home rental premium.


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


fishbourne buy to let front

fishbourne buy to let plan

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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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