Monday, 25 May 2015

BUY-TO-LET DEAL OF THE WEEK: 3 bed house in Chichester, £265,000, 4.5% yield

This extended 3 bed semi near Chichester's city centre could make a solid buy-to-let investment.

It has just come to the market priced at £265,000. This seems a sensible price considering last Summer it remained unsold when advertised at £270,000. Whilst it was a little overpriced then, 12 months on with house prices in Chichester having risen it now seems pretty good value for what is a sizeable 3 bed house in excellent (internal) condition.

I'm no structural expert but I'd certainly get someone to give it a once over, with particular focus on what seems to be an aging roof.

If this is ok the fundamentals are there: double glazing, gas central heating and neutral decor throughout along with a downstairs cloakroom, modern bathroom and a beautifully extended kitchen/diner. It even has rear access to provide off street parking - quite a novelty in Chichester's city centre.

It has risen over 70% in price since it was last sold for £155,000 in August 2006. Whilst part of this can be attributed to the internal works that have taken place, it also bodes well as proof of the capital growth that can occur in these properties.

In the meantime, if it were to rent for around £995pcm it would achieve a 4.5% rental yield.
Full details can be found on Rightmove via the following link:

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-establishedprofessional 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 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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