Monday 2 November 2015

BUY-TO-LET DEAL OF THE WEEK: 3 bed house in Chichester, £375,000, 4% yield

3 bed mid-terrace house in Chichester
Listed for sale on 13/10/15 @ £375,000
Rent = £1,250pcm 
Yield = 4.0%
Last sold in August 2012 for £270,000 (+39% in 3 years)

chichester buy-to-let front
chichester buy-to-let kitchen
chichester buy-to-let lounge

Following on from the last week's article ("What is average in Chichester's property market?"), where I highlighted the 'average' property in Chichester is worth £390,788, this 3 bed mid-terraced house near Chichester's city centre is available at £375,000; making it a little cheaper than what 'average' looks like in Chichester.

At 996 square feet, spread over three floors, it offers good size accommodation with a large lounge / diner leading through to the fitted kitchen. On the top two floors are three double bedrooms and a family bathroom.

With its period features it is perhaps geared more towards owner-occupiers and capital growth than an all-round buy-to-let property. This is backed up by an approximate rental value of £1,250pcm providing a rental return of a reasonable, if unspectacular, 4%, whilst it has seen a massive 39% increase in value in just three years (money has been spent on it through refurbishment however).

With average rents in Chichester of £925pcm, it shows that most buy-to-let landlords choose to purchase smaller, cheaper units, which appeal to those at the bottom of the housing ladder (and provide a better rental yield). For those investors who like to target period properties however, choosing to forfeit some rental return for capital growth, this good sized Victorian terrace in a popular central location of Chichester could be a sound choice.

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


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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