Monday, 31 August 2015

BUY-TO-LET DEAL OF THE WEEK: Studio flat in Chichester, £87,500, 7.2% yield

This is the cheapest standard construction property available in Chichester; a studio apartment on the Parklands estate, available for just £87,500.

It's incredibly rare to find a property in Chichester for under £100,000 and I'm sure it won't stay around for long. The kitchen and bathroom are both servicable but replacing them would turn this small space into a desirable home.

It would rent for around £525pcm, providing you with an excellent 7.2% yield based on paying the full asking price. The reasonable service charge (£403) means the yield doesn't get impacted too greatly due to its lease.

It last sold for £44,500 in August 2001, indicating a capital growth of 97% in 14 years. With units like this so rarely available, I think it would see decent capital growth in the future as house prices rise throughout Chichester.

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

chichester buy-to-let flat

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:


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