Tuesday, 7 July 2015

BUY-TO-LET DEAL OF THE WEEK:3 bed house in Chichester, £328,000, 4.9% yield

I've written about Graylingwell Park in the past (see the article here), which is proving to be a popular estate with both landlords and tenants. Whilst the building work continues on the site for another couple of years, the properties in phase 1 of the development still offer up a decent investment proposition.

This three bed mid-terrace property will rent for around £1,200pcm. The added kicker to this deal, as mentioned in the article, is the benefit of having solar panels. As they were commissioned in 2011 the feed-in-tariff, which has now been significantly reduced, was particularly generous. That has meant they provide an additional £150pcm income, providing a total monthly return of £1,350.

Based on paying the £328,000 asking price, that would generate an excellent 4.9% return from a modern freehold property, which has also demonstrated itself as offering good capital growth and yet is priced significantly below what the new-build properties on the development are being marketed for. 
Full details can be found on Rightmove via the following link:

chichester buy to let house graylingwell park

chichester buy to let house graylingwell park kitchen

chichester buy to let house graylingwell park 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 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:


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