Monday 23 March 2015

BUY-TO-LET DEAL OF THE WEEK: 3 bed house in Tangmere, £200,000, 5.4% yield:

This 3 bed house in Tangmere might look familiar to my longer-term readers. I posted it back in October as my 'buy-to-let deal of the week' and within two days it had been sold! Since then though the sale has fallen through, providing a second opportunity to buy a very nice 3 bed house in Tangmere.



Whilst I understand it previously sold well above the £200,000 guide price, six month's on I would hope the vendor hasn't become anchored to that 'sale price' and rather to the fact that they want to move home....and six month's later they still haven't.

If it were bought for the asking price it would produce a favourable 5.4% yield based on a rental figure of £895pcm. Considering it's a freehold property that needs little to no work prior to letting, this seems like a good long-term buy. 

Whilst the kitchen may need replacing in a few years time, it has the fundamentals in the form of double glazing and gas central heating, plus it comes with a garage too. There's also the rare-addition on this estate of an en-suite to the master bedroom.

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


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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: Tangmere, Chichester, West Sussex, UK

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