BUY-TO-LET DEAL OF THE WEEK: 2 bed flat in Chichester, £189,950, 5.1% yield
Summary: 2 bed flat in Chichester Listed for sale on 23/03/16 @ £189,950 Rent = £800pcm Yield = 5.1%
This two bedroom flat in the Parklands area to the West of Chichester is very spacious. It has a decent sized kitchen, good-sized lounge and importantly two large double bedrooms. Whilst Parklands tends to be a family-orientated area with fewer flats than elsewhere, this one comes with its own garden, which is a huge benefit to the well-priced property.
With little to do inside and with the all-important gas central heating and double glazing, this large flat should rent easily at a conservative £800pcm, giving a 5.1% yield based on paying the asking price of £189,950. With service charges being a relatively low £320 per year, even the net yield would be strong from this budget buy-to-let purchase.
It is on the market with Charles Peck and full details can be found on Rightmove via the following link:
If you are looking for an agent that is well-established, professional and communicative in Chichester, then contact us to find out how we can get the best out of your investment property.
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