Monday 14 December 2015

BUY-TO-LET DEAL OF THE WEEK: 3 bed house in Chichester, £259,950, 4.5% yield

3 bed semi-detached house in Chichester
Listed for sale on 28/10/15 @ £279,950
Now £259,950 (7% price reduction)
Rent = £975pcm 
Yield = 4.5%

chichester house

This three bedroom semi-detached house is in the popular Stockbridge / Donnington area, just South of Cichester's city centre. I've let several houses in this area, always finding them popular with both families and professionals who want a little more space than they can get in the city centre, but still within easy reach of these amenities.

Benefitting from off-road parking, double glazing and gas central heating it should rent quickly at around £975pcm, providing a solid 4.5% yield based on paying the full asking price of £259,950 (a reduction of £20,000 from when it was first listed two months ago!).

In my opinion it would benefit from a new kitchen and bathroom as well as the standard redecoration to get the property in top condition to appeal to the best tenants. This would also help it achieve a little more rent, improving the yield as well as adding value to the property itself.

It is on the market with Gilbert and Cleveland and 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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