Monday 30 November 2015

BUY-TO-LET DEAL OF THE WEEK: 3 bed house in Chichester, £260,000, 4.4% yield

3 bed mid-terrace in Chichester
Listed for sale on 13/11/15 @ £275,000
Now £260,000 (5.4% price reduction)
Rent = £950pcm
Yield = 4.4%

Last sold in May 1999 for £117,950 (+120% in 16.5 years)

chichester house

This three bedroom mid-terrace house is well-positioned just behind St Richards Hospital in Chichester. This means there should be a ready stream of tenants wanting to rent the property, be it for its close proximity to the hospital or Chichester's city centre.

It's been on for sale with Charles Peck for just a couple of weeks and has just been reduced in price by £15,000. With so much equity in the property since the previous owner bought it in 1999 for £117,950 (seeing a whopping 120% gain), there might be a chance to get a good sized freehold property in a great location for a decent price.

There aren't any internal photos (nor any of the garden) so it's hard to see what condition the property is in, but it should be relatively modern, complete with double glazing, gas central heating and an en-suite to the master bedroom. It also benefits from a parking space and a garage and I would expect it to conservatively rent for £950pcm, providing a solid 4.4% rental return from a property that has shown itself capable of excellent capital growth.

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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