Monday 21 December 2015

BUY-TO-LET DEAL OF THE WEEK: 3 bed house in Tangmere, £250,000, 4.6% yield

tangmere house
kitchen
living room
Summary:
3 bed semi-detached house in Tangmere
Listed for sale @ £250,000
Rent = £950pcm
Yield = 4.6%

Last sold in May 2002 for £175,000 (+43% in 13.5 years)

This three bedroom semi-detached house is in Tangmere; an area I often suggest offers good value for money and a nice mix between decent rental yields and potential for capital growth.

The house itself is modern and in a ready to rent condition. It has gas central heating, double glazing, an integral garage and en-suite to the master bedroom. With three good sized bedrooms, a kitchen-diner and a separate lounge it really seems to offer a lot for the £250,000 price tag and should easily achieve £950pcm, providing a rental yield of 4.6%. It previously sold for £175,000 in May 2002, so the 42% increase in 13.5 years is relatively modest in my opinion, suggesting it still has room to increase.

It is on the market with Cubitt and West and full details can be found on Rightmove via the following link:
http://www.rightmove.co.uk/property-for-sale/property-50459029.html

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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 clive@crjlettings.co.uk 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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