Monday, 22 June 2015

BUY-TO-LET DEAL OF THE WEEK: 3 bed house in Canal Walk, £332,000, 4.3% yield

It makes sense after last week's article to show an example of a Canal Walk property and how it might work as a buy-to-let.

It won't be for everyone, as you can get better yields elsewhere and similar sized properties for 10-20% less money.

However, as per the article, I think Canal Walk will stand up very well in the future as a uniquely spacious modern housing development, which should give good potential for capital growth.

It also comes with the hassle-free factor of having a brand new property, which is ready to rent immediately. Not only do you get the standard 10 year building guarantee as with most new homes, but Barratts (the developer) also give a 5 year warranty, which covers all the appliances and boiler. That's alot of peace of mind and assurity that you won't be spending large sums of money on maintenance for the forseeable future.

Rents of 3 bed houses have edged up a little since I wrote the article (suggesting £1,150pcm rental) and I think due to Canal Walks 'premium' feel, that a 3 bed semi on the development should now achieve a rent of £1,200pcm. That would provide a decent 4.3% yield considering the benefits I've listed above.
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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