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:

http://www.rightmove.co.uk/property-for-sale/property-34713477.html

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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.

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